Britannia rises as its Treat croissant business crosses revenue of Rs 100 crore within year

17 Mar 2023 Evaluate

Britannia Industries is currently trading at Rs. 4350.00, up by 36.95 points or 0.86% from its previous closing of Rs. 4313.05 on the BSE.

The scrip opened at Rs. 4301.65 and has touched a high and low of Rs. 4362.20 and Rs. 4301.65 respectively. So far 5012 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4680.00 on 10-Feb-2023 and a 52 week low of Rs. 3060.00 on 28-Mar-2022.

Last one week high and low of the scrip stood at Rs. 4362.20 and Rs. 4238.45 respectively. The current market cap of the company is Rs. 104639.21 crore.

The promoters holding in the company stood at 50.55%, while Institutions and Non-Institutions held 33.54% and 15.91% respectively.
 
Britannia Industries’ Treat croissant business has crossed Rs 100 crore revenue within a year of its launch. The company is now targeting a revenue of Rs 300 crore in next three years. The recipe (of Treat Croissant) has been customised to cater to the Indian palette. The snacking market in India is currently being driven by numerous factors such as a large young population, evolving aspirations, changing lifestyles, the need for convenience and an inclination to experiment with newer food formats.

Britannia Industries is one of the India’s biggest brands of the country. More-than-a-century old Britannia has launched big brands in FMCG segment.

Britannia Inds Share Price

4920.55 7.85 (0.16%)
19-Nov-2024 09:46 View Price Chart
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