Britannia Industries Ltd, one of the leading food companies in India, is evaluating opportunities to set up overseas manufacturing units including in Bangladesh and other South East Asian nations.Chairman of the company Nusli N Wadia recently said that the FMCG major is also mulling domestic expansion in the eastern part of the country.
Speaking at the 100th AGM of the company, Nusli N Wadia said, "We have already set up a plant in Nepal, and are seriously looking at Bangladesh and other South East Asian countries. We are evaluating opportunities in Africa and plan to step up our endeavor on the international side."
Presently, Britannia Industries exports products to 70 countries. He said West Bengal also features as one of the locations for its new facility in the east, but firming up plans in the state depends on 'the facilities Bengal gives us'.The company on Friday reported a 3.64 per cent on-year decline in consolidated net profit at Rs 248.64 crore for the quarter ended June 30.
Total income during the period under review stood at Rs 2,7.67 billion, up 7.03 per cent, as against Rs 2,585.84 crore in the year-ago quarter.Britannia 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. Britannia is a brand which many generations of Indians have grown up with and our brands are cherished and loved in India and the world over.
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