Britannia Industries Ltd - Stock Valuation and Financial Performance

BSE: 500825 | NSE: BRITANNIA | Consumer Food | Large Cap

Britannia Inds Share Price

5,059.30 -112.90 -2.18%
as on 28-Jan'25 16:59

DeciZen - make an informed investing decision on Britannia Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Britannia Industries stock performance -

mw4me loader
P/E Ratio (CD):
57.17
Market Cap:
1,21,862.5 Cr.
52-wk low:
4,643.3
52-wk high:
6,473.1

Is Britannia Industries Ltd an attractive stock to invest in?

1. Is Britannia Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Britannia Industries Ltd is a good quality company.

2. Is Britannia Industries Ltd undervalued or overvalued?

The key valuation ratios of Britannia Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Britannia Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Britannia Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Britannia Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Britannia Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 61.3%81.6%67.8%51.9%47.5%44.3%37.1%45.3%41.6%55.5%-
Value Creation
Index
3.56.35.03.63.22.92.33.02.73.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6,9137,8588,3979,0549,91411,05511,60013,13614,13616,30116,902
Sales YoY Gr.-13.7%6.9%7.8%9.5%11.5%4.9%13.3%7.6%15.3%-
Adj EPS 16.122.934.636.941.748.258.777.363.284.188.5
YoY Gr.-42.8%51%6.6%13%15.4%21.8%31.9%-18.3%33.1%-
BVPS (₹) 33.351.987.1112.1141.4176.2181.6146.1106.2146.7133.3
Adj Net
Profit
3855508318861,0021,1571,4101,8631,5232,0262,132
Cash Flow from Ops. 6715849594411,2491,1561,4851,8761,3002,526-
Debt/CF from Ops. 0.20.30.10.30.20.111.11.91.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10%10.5%12%15.3%
Adj EPS 20.2%15.1%12.8%33.1%
BVPS17.9%0.7%-6.9%38.2%
Share Price 18.2% 9.5% 13% -1.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
56.853.949.83732.830.232.646.949.966.563.2
Op. Profit
Mgn %
9.111.114.614.215.215.715.919.115.617.418.6
Net Profit
Mgn %
5.679.99.810.110.412.114.110.712.412.6
Debt to
Equity
0.20.10.10.10.100.40.610.80.3
Working Cap
Days
4245567581818679786753
Cash Conv.
Cycle
-2-9-14-8-8-10-9-10-4-44

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 63.20%

Sales growth is growing at healthy rate in last 3 years 12.01%

Net Profit is growing at healthy rate in last 3 years 12.77%

Debt to equity has declined versus last 3 years average to 0.84

Sales growth is not so good in last 4 quarters at 3.46%

Latest Financials - Britannia Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 86.6 88.5
TTM Sales (₹ Cr.) 16,254 16,902
BVPS (₹.) 115.2 133.3
Reserves (₹ Cr.) 2,750 3,186
P/BV 43.94 37.96
PE 58.45 57.17
From the Market
52 Week Low / High (₹) 4643.30 / 6473.10
All Time Low / High (₹) 7.00 / 6473.10
Market Cap (₹ Cr.) 1,21,863
Equity (₹ Cr.) 24.1
Face Value (₹) 1
Industry PE 62.1

Management X-Ray of Britannia Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Britannia Industries Ltd: Q2FY24 result update - 04 Nov 2023

Particulars

Q2FY24

(Rs. Cr)

YoY Trend

Comments

Revenue

4,433

+1%

On account of muted volume growth
EBITDA

871

+22%

 
EBITDA Margin

20%

+400 bps

Driven by input cost moderation and better mix
PAT

586

+19%

 

At par result. The company retained the input cost moderation leading to an improvement in margin.

Britannia Industries Ltd: Q1FY24 Result Update - 12 Aug 2023

Particulars

Q1FY24

YoY Trend

Comments

Revenue

4,011

+8%

Largely driven by pricing increase

EBITDA

689

+38%

 

EBITDA Margin

17%

+300 bps

Driven by some raw material price correction

PAT

455

+36%

 

Muted result on account of flattish volume growth and increased local competition decelerated growth.

 

Britannia Industries: Q4FY23 Result Update - 02 Jun 2023

Particulars

Q4FY23

YoY Growth

Comment

Revenue

4,023

13.3%

 

EBITDA

800

45.7%

 

EBITDA Margin

19.9%

442bps

Softening of material prices in H2 22-23

PAT

559

47%

 

Strong numbers. Despite aggressive price hikes Britannia sustained its volumes and improved its margin performance.

 

Britannia: Quarterly Result Update - 20 Oct 2020

Britannia Industries | Market Cap: 90,813 Cr

CMP 3,772 | P/E 66 FY22

Recommendation | Sell 50%

Results: Britannia reported 12% sales growth and operating profit growth of 37% versus same quarter last year.

Click here for 10 year X-ray of the company

Key highlights:

  • Post unlock, the other snacking options were out of reach or being avoided by consumers due to hygiene-related fears. These fears have somewhat diminished, leading to moderation in growth of Britannia’s volume, volume growth was 9% versus 12% in sales growth.
  • Margin was strong with contribution from gross margin and cost-efficiencies and also the new facilities recognised few fiscal benefits.
  • However, current operating margins look unsustainable at 20%+. We expect moderation back to 16%.

Outlook: As per the management, full range of products is now available in the markets and adjacent businesses have delivered healthy profitable growth. The company is focused on efficiency in distribution and followed continued replenishment system of distribution and improved health of distributors.

On the cost front, the company witnessed moderate inflation in the prices of key raw materials and expect the prices to be stable going forward given the positive outlook on monsoon & harvest.

MoneyWorks4me Opinion: Until last quarter, all foods companies had seen robust volume growth from customer stocking, in-house consumption and lower input costs. We had highlighted that the windfall was temporary and can’t be extrapolated into the future.

Although Britannia Industries is expanding into rural market where it was underpenetrated, overall volume growth expectation is close to 10% CAGR, and 2% CAGR from premiumization. We expect profits to grow at faster pace from higher gross margin accruing from increasing share of premium products. Current price of Britannia factors very high growth which won’t be achievable. Britannia has risk of earning poor return over next few years, hence we would recommend SELL.

We continue to value the company at 25x PE on long term earnings despite of just 14% CAGR earning growth as it enjoy superior ROCE and longevity of profitable non-cyclical business model.

Britannia Industries: Quarterly Result update - 25 Aug 2020

Britannia Industries | Market Cap: 94,000 Cr

CMP 3,908 | P/E 40 FY21

Recommendation | Sell Partially

Results: Britannia reported 26% sales growth and operating profit growth of 81% versus same quarter last year.

Key highlights:

  • Volume growth reported was 21% and price growth of 5%. This was mainly due to robust demand of biscuits from home consumption.
  • Biscuits form 82% of sales for Britannia.
  • Operating profit growth was robust from i) low raw material costs as flour and milk prices were subdued ii) reduced advertising spends during lockdown.

Outlook: Britannia's management guided for capex expansion from the windfall upto 700 Cr over next 2 years. Current focus of management remains on rural market as rural is doing well versus urban. Rural forms 37% of overall sales. Britannia continues to introduce new products and promote premium products for better margins.

MoneyWorks4me Opinion: All foods companies have seen robust volume growth from customer stocking, in-house consumption and lower input costs. This windfall is temporary and can’t be extrapolated into the future. Although the company is expanding into rural market where it was underpenetrated, overall volume growth expectation is close to 10% CAGR, and 2% CAGR from premiumization. We expect profits to grow at faster pace from higher gross margin accruing from increasing share of premium products. Current price of Britannia factors many positives but doesn’t factor in risk from lower than expected growth. We continue to value the company at 25x PE on long term earnings despite of just 14% CAGR earning growth as it enjoy superior ROCE and longevity of profitable non-cyclical business model.

MoneyWorks4me’s employees may be invested in the securities mentioned in the above mail/report/article. For a detailed disclosure click here.

Britannia: Consumption Exuberance - 23 Aug 2018

We have been seeing flight to safety towards stocks that are growing fast and are hallmark of quality due to exceptional past track record. While it is true that great business deserve high valuation, we believe current valuations are simply outlandish.

Today, Nifty FMCG & Nifty India Consumption PE ratio exceeds 47x earnings. This means 20-30 such stocks has to grow their earnings per share at 18-20% CAGR over 10 years i.e. 5-6 times from today’s profits for an investor to earn atleast 12% CAGR returns. This looks too optimistic and improbable for all of them to do. A handful of them may still earn decent returns but we won’t know in advance which ones.

We love these companies but the likely returns from current prices could be nothing more than mediocre even if optimistic scenario pans out. We do not mean these stocks would correct just because they are overvalued. They can go up for some more time. But timing the exit is very difficult.

We recommend caution and avoid overheated space.

The following are the excerpts from the book “Four Pillars of Investing” By William Bernstein.

 

Nifty Fifty in US from 1970

[1970] was born the “one decision stock”: buy it, forget about it, and hold on to it forever. So investors loaded up on the bluest of the blue chips—IBM, Xerox, Avon, Texas Instruments, Polaroid—great companies all, at least in the early 1970s. Even in normal times, these companies were not cheap, selling at 20 to 25 times earnings with minuscule dividends. But these were not normal times. By 1972, McDonald’s and Disney had risen to over 70 times earnings, and Polaroid to nearly 100.

The whole group of 50 stocks sold at 42 times earnings. What does a ratio of price-to-earnings (P/E) of 42 mean? Doing the same sort of calculation we did in Table 2-1, we discover that in order for a stock to increase in price by 11% per year (i.e., obtain the market return), it must increase its earnings by about 20% per year for a period of ten years. Now, it is not usual for individual companies to do this. But it is impossible for the biggest of the nation’s companies to all do so at the same time. Almost all of these companies eventually disappointed, some more than others. The results for the stockholder were highly disagreeable. Professor Jeremy Siegel makes the point that the Nifty Fifty were not bad long-term investments, with subsequent long-term returns nearly identical to the market. This is true, as far as it goes. The only trouble was that along the way most of these stocks lost between 70% and 95% of their value, and many never came back. A portfolio of stocks with market return and greater-than-market risk is not a blessing. Very few of the original shareholders calmly held on for the long run.

The Nifty Fifty provided another moral as well. The seven most recognizable tech names on the list—IBM, Texas Instruments, AMP, Xerox, Burroughs, Digital Equipment, and Polaroid—had truly awful returns—just 6.4% per year for the 25 years following 1972. But the cheapest 25 of the group by P/E had a return of 14.4% versus a return of 12.9% for the S&P 500. These “cheap” stocks, generally selling at P/Es of 25 to 40, were consumer companies—Phillip Morris, Gillette, and Coke. They did not produce the era’s technology, but they certainly used it to advantage. So history once again demonstrated that the spoils went not to technology’s makers, but to its users.

Key Ratios of Britannia Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales7,8588,3979,0549,91411,05511,60013,13614,13616,30116,769
Operating Expenses 6,9957,1837,7768,4129,3219,75610,62711,93513,51213,599
Manufacturing Costs6676056146167967888559701,1661,203
Material Costs4,6925,0135,5896,1076,5616,9277,6268,7609,5919,492
Employee Cost 281341353402442487527542658709
Other Costs 1,3551,2231,2201,2871,5211,5541,6191,6622,0962,195
Operating Profit 8641,2141,2781,5021,7331,8432,5092,2022,7893,170
Operating Profit Margin (%) 11.0%14.5%14.1%15.1%15.7%15.9%19.1%15.6%17.1%18.9%
Other Income 88124151166206279313223258214
Interest 4558977111144169164
Depreciation 144113119142162185198201226300
Exceptional Items 1460000-17-1-1376-3
Profit Before Tax 9501,2201,3041,5181,7681,8442,5142,0783,0332,913
Tax 261396420514612451663562716779
Profit After Tax 6888248851,0041,1551,3941,8511,5162,3162,134
PAT Margin (%) 8.8%9.8%9.8%10.1%10.5%12.0%14.1%10.7%14.2%12.7%
Adjusted EPS (₹)28.734.436.941.848.258.377.463.396.488.8
Dividend Payout Ratio (%)28%29%30%30%31%60%204%89%75%83%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,2452,0902,6913,3954,2334,3683,5202,5583,5343,942
Share Capital 24242424242424242424
Reserves 1,2212,0662,6673,3714,2094,3443,4952,5343,5103,917
Minority Interest22313333636283025
Debt1401241161781381,5142,0871,7272,8681,893
Long Term Debt43383185627667477071,552905
Short Term Debt97868494767481,3391,0201,316988
Trade Payables7037697579941,1411,0471,3131,3231,4491,627
Others Liabilities 6794655205856848581,0431,8401,4141,543
Total Liabilities 2,7703,4504,0865,1656,2287,8237,9997,4769,2959,030

Fixed Assets

Gross Block1,7171,0411,3431,6682,1802,6022,7402,9334,1074,531
Accumulated Depreciation873911983375067389611,1931,4921,787
Net Fixed Assets8449501,1451,3311,6741,8641,7791,7392,6152,744
CWIP 48903020310140117536105188
Investments 5187884871,0791,4762,8932,7811,7623,3242,767
Inventories4044416616537817411,0911,3671,1931,181
Trade Receivables136171179305394320257332329393
Cash Equivalents 22688121186110123211185198446
Others Assets5939221,4631,4091,6921,8421,7631,5541,5311,311
Total Assets 2,7703,4504,0865,1656,2287,8237,9997,4769,2959,030

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5849594411,2491,1561,4851,8761,3002,5262,573
PBT 9501,2201,3041,5181,7691,8442,5132,0793,0272,917
Adjustment -899-15-1-151727135-181260
Changes in Working Capital 25133-451228-2127-32-327406161
Tax Paid -301-403-397-496-596-503-633-587-726-765
Cash Flow From Investing Activity -450-705-150-956-856-1,532436911-1,517476
Capex 46-249-352-421-399-243-238-547-633-497
Net Investments -277-211345-537-334-1,3271791,048-1,240580
Others -220-245-1432-12238495410356392
Cash Flow From Financing Activity -181-246-295-232-35358-2,243-2,246-1,028-2,830
Net Proceeds from Shares 046153024103000
Net Proceeds from Borrowing 0000000094087
Interest Paid -3-5-6-7-9-36-102-119-196-165
Dividend Paid -168-231-288-317-354-433-2,824-2,485-1,359-1,732
Others -10-15-778-19502580358-413-1,020
Net Cash Flow -478-461-521169-35-19218
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)67.3949.4437.013330.2932.446.9249.8976.0457.1
ROCE (%)81.5667.8351.9447.4744.3437.1345.2841.6455.549.25
Asset Turnover Ratio3.292.772.472.262.051.741.741.912.031.92
PAT to CFO Conversion(x)0.851.160.51.2411.071.010.861.091.21
Working Capital Days
Receivable Days667811118777
Inventory Days19182223222324302725
Payable Days49545052595856555359

Britannia Industries Ltd Stock News

Britannia Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Britannia Inds on 28-Jan-2025 16:59 is ₹5,059.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Jan-2025 16:59 the market cap of Britannia Inds stood at ₹1,21,862.5.
The latest P/E ratio of Britannia Inds as of 28-Jan-2025 16:59 is 58.45.
The latest P/B ratio of Britannia Inds as of 28-Jan-2025 16:59 is 43.94.
The 52-week high of Britannia Inds is ₹6,473.1 and the 52-week low is ₹4,643.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Britannia Inds is ₹16,254 ( Cr.) .

About Britannia Industries Ltd

Britannia Industries Limited is a company domiciled in India. The company has been incorporated under the provisions of Indian Companies Act and its equity shares are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India. The company is primarily involved in manufacturing and sale of various food products.

Business area of the company

The company is among the most trusted food brands, and manufactures India’s favorite brands like Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold which are household names in India. Britannia’s product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt.

Products

  • Biscuits
  • Breads
  • Dairy
  • Cakes
  • Rusk
  • Creme wafers
  • Croissant

Awards and Recognition

2000:

  • Britannia was among Top 300 small companies in Forbes global ranking.

2001:

  • Britannia’s Lagan Match was India’s most successful promotional activity of the year 2001

2002:

  • Economic Times ranked Britannia Industries as India’s 2nd most trusted branded in 2002

2010-11:

  • 5th Most Trusted Brand in Economic Times Brand Equity Trusted Brands Survey
  • Business World Most Respected Company Award 2011
  • The Master Brand 2010 Award by CMO Council of India

2011-12:

  • 7th Most Trusted Brand Economic Times Brand Equity Trusted Brands Survey
  • Creative HR Practices Award by Employer Branding Institute, India
  • Manufacturing Performance Excellence Trophy by IMCRBNQA (Indian Merchant Chambers Ramakrishna Bajaj National Quality Award)
  • CII Quality Award for Outstanding Performance in Food Safety Excellence in the category of ‘Large Food Businesses - Manufacturing'

2012-13:

  • National Quality Award
  • Global & Quality Excellence Award
  • Manufacturing Supply Chain Awards
  • APQO best in class Large Manufacturing Organisation
  • Golden Peacock National Quality Award
  • Global Performance & Excellence Award

2013-14:

  • Bronze award winner for Best Brand Campaign (Britannia Tiger) at Times of India, Big Bang Awards 2013
  • The Platinum Award (Packaged Foods category) in the Reader's Digest Trusted Brand Awards 2014
  • The Most Attractive Brand 2013 (F & B- Diversified Category) in the TRA- India’s Most Attractive Brands Survey 2013
  • India’s 2nd Most Meaningful Brand 2013

2016-17:

  • The esteemed jury from Renewable Energy India Awards 2016 selected Britannia for a special recognition under the Leading RE Investor category.

2018-19:

  • Britannia was one of the best employers in the Country as per the Aon Best Employer Study, 2019.

2019-20:

  • The Economic Times Brand Equity 'Most Trusted Brand Survey'

Milestones

  • 1892: Britannia was established in Kolkata with an investment of Rs. 295.
  • 1910: With the advent of electricity, operations were mechanised.
  • 1918: The Company was incorporated on March 21, as a Public Limited Company under the Indian Companies Act, VII of 1913. The company manufactured bakery and soyabean products and exported cashew kernels and sea food products.
  • 1921: Industrial gas ovens were imported to increase production.
  • 1924: A new factory was established at Kasara Pier Road in Mumbai. 
  • 1939-45: A large part of the Company's production was diverted to war effort on account of World War II and at times as much as 95% of the total capacity was booked for the production of Service Biscuit.
  • 1952: The Calcutta Factory was shifted from Dum Dum to spacious grounds at Taratola Road in the suburbs of Calcutta. During the same year automatic plants were installed there and later in Mumbai in 1954.
  • 1954: Development of high quality sliced and wrapped bread in India was pioneered by the company.
  • 1955: Britannia Launched Bourbon Biscuits.
  • 1963: Britannia cakes hit the markets.
  • 1975: Britannia takes over biscuit distribution from Parry's
  • 1976: Britannia Bread is introduced in Calcutta and Chennai
  • 1978: The Indian share holding in the company crosses 60%
  • 1979: With effect from October 3, the name of the Company was changed from the Britannia Biscuit Company Limited, to Britannia Industries Limited.
  • 1980: The Company signed a 10 year technical collaboration agreement with Nebico Private Limited, Nepal, for the supply of know-how relating to manufacturing, packaging and marketing of biscuits and selection of plant and machinery.
  • 1983: Sales cross Rs. 100 crore.
  • 1986: The turnover increased by 19.4% over the previous year to Rs 192.15 crores. Good Day, a new biscuit launched during the year met with good response.
  • 1987: In (16 months), the total sales turnover increased on an annualised basis by 38.7% over the previous year. Increase in sales of bakery and soya products divisions and higher cashew exports helped to realise higher sales. With the introduction of some more brands during the year, the total biscuit brands of the bakery division reached 27. The soya products division introduced a range of extruded products under the brand name VITAL FEAST.
  • 1989: The Company launched new brand of biscuit, namely, ‘CIRCUT'. Another brand PURE MAGIC was extended nationally and pista badam was added to GOOD DAY range of biscuits. The Executive Office of the company moves to Bangalore.
  • 1990: Two new brands of biscuits, Elaichi Cream and Petit Beurre are launched. A new Cashew Badam variant of the brand Milk Bikis and Pure Magic biscuit vanilla flavour is launched.
  • 1992: Britannia celebrates it Platinum Jubilee
  • 1993: The Wadia Group acquires a claim in the company and becomes an equal partner with Group Danone. Britannia also launches Little Hearts and 50-50 biscuits.
  • 1994: Annual volume produced crosses 1 lakh tonne of biscuits. This year Britannia launches Baker's Choice and Thinlite - aimed at the health conscious consumer.
  • 1995: Britannia identifies a new mission - to make every 3rd Indian a Britannia consumer. It also changes its Corporate identity to ‘Eat Healthy, Think Better’
  • 1996: Britannia Marie Gold and Milk Bikis Milk Cream perform exceptionally well in the market and the company's profits improve despite the slow down in the economy.
  • 1997: Britannia launches its Dairy products. Britannia also launches Tiger biscuits, Chekkers and Jim Jams.
  • 1998: The company launches Half/Half, a soft cake filled with cream in two variants, chocolate-vanilla and vanilla-orange.
  • 1999: Britannia launches its brand of flavoured milk and the famous Britannia Encyclopaedias.
  • 2000: Britannia Industries launches the hugely successful campaign `Britannia Khao, Cricketer Ban Jao'. It also launches the product Vita Mariegold in this year. Britannia also launches Milkman Lassi and Mlikman Cold Coffee. Britannia was voted in Top 300 small companies by Forbes Global.
  • 2001: Britannia Industries launches Britannia Milkman Milk in Delhi. Britannia is acknowledged as No.1 food brand of India by Economic Times Brand Equity survey.
  • 2002: Britannia Industries Limited announced on March 26, 2002 that it has entered into a joint venture with the Fonterra Cooperative Group, New Zealand's biggest company and one of the leading dairy co-operative groups in the world. Britannia's new COO is Nikhil Sen.
  • 2004: Britannia was accorded the status of being a 'Superbrand'. Volumes crosses 3, 00,000 tonnes of biscuits. Good Day adds Choconut to its range.
  • 2005: Relaunches the brand Tiger, with the highly successful slogan - 'Swasth Khao, Tiger Ban Jao' and also launches 50-50 Pepper Chakkar.
  • 2007: Britannia industries formed a joint venture with the Khimji Ramdas Group and acquired a 70 percent beneficial state in the Dubai-based Strategic Foods International Co. LLC and 65.4% in the Oman-based Al Sallan Food Industries Co. SAOG. Britannia launches NutriChoice - the first of its kind of biscuits in India - with no added sugar.
  • 2009: Britannia takes full control of Daily Bread. Britannia New Zealand Food (BNZF) became a BIL subsidiary after BIL bought out New Zealand's Fonterra from the existing joint venture. BNZF was renamed Britannia Dairy Private Limited (BDPL). Britannia became the first Bakery brand in India to remove trans-fats from 99.9% of its products. Wadia Group became the largest shareholder in BIL after acquiring stake holdings from Group Danone.
  • 2010: Britannia Industries Limited has appointed Dr. Vijay L. Kelkar as an additional Director on the Board of the Company with effect from May 28, 2010.
  • 2011: Britannia received the Most Respected Company Award 2011 from Businessworld. Bourbon received the Most Popular Confectionery Product Preferred By Youth (Biscuit) Award.
  • 2012: Britannia was awarded the Global Performance Excellence Award (GPEA) by Asia Pacific Quality Organization (APQO).
  • 2013: 'Experience of Health' with Nutrichoice. Britannia brings home the goodness of golden, sun-kissed wheat with its all new NutriChoice Crackers Range.
  • 2014: Chunkies Tie-up with Amazon. An exclusive tie-up with Amazon for the launch of its latest product Good Day Chunkies, a super-premium chocolate chip cookie.
  • 2015: Britannia Bourbon turns 60. Britannia Bourbon, India's first premium chocolate biscuit completes 60 glorious years.
  • 2016: Britannia launches Cake Biscotti, India’s first ever classic 'Bridge' product combining the best of the world of a cake and that of a cookie.
  • 2017: Britannia-Chipita JV. Entered into a joint venture agreement with Chipita S.A., a Greek company, for the manufacture and sale of ready to-eat delicious croissants.
  • 2018: Britannia launches first exports-only facility in Gujarat.
  • 2018: Britannia opens manufacturing units in new geographies as part of global expansion plan.
  • 2020: Britannia Industries launches WhatsApp-based Store Locator service.
  • 2020: Britannia Industries teams up with Dunzo on home delivery of food essentials.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.
Loading...
Hold on