Britannia Industries gains on plan to expand its network in Northern, Western states

28 Nov 2016 Evaluate

Britannia Industries is currently trading at Rs. 2976.00, up by 17.90 points or 0.61% from its previous closing of Rs. 2958.10 on the BSE.

The scrip opened at Rs. 2958.00 and has touched a high and low of Rs. 2990.00 and Rs. 2948.35 respectively. So far 2,031 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3575.00 on 15-Sep-2016 and a 52 week low of Rs. 2506.65 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 2990.00 and Rs. 2851.70 respectively. The current market cap of the company is Rs. 35,712.24 crore.

The promoters holding in the company stood at 50.73%, while Institutions and Non-Institutions held 28.22% and 21.05% respectively.

Britannia Industries is looking to expand its sales and distribution network in the Northern and Western states, besides increasing its sales in rural areas. In order to attract more customers in rural markets, the company is planning to come up with more low-price offerings in these areas.

The company is aspiring to be a complete food company by launching new brands and also has plans to extend offerings under its existing portfolio. The company, which had revenues of Rs 7,947.90 crore in financial year 2015-16, is working on multiple categories to be a complete food company.

Britannia Industries, one of the India’s biggest brands of the country, has a market share of over 33%. More-than-a-century old Britannia has launched big brands in FMCG Segment. The company is expanding its customer base by launching new products and renovating existing ones.

Britannia Inds Share Price

4700.90 -81.25 (-1.70%)
20-Dec-2024 16:59 View Price Chart
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