Friday 13 December 2013

Britannia extends gain on opening its first manufacturing unit for bakery products in Gujarat

Britannia Industries is currently trading at Rs. 887.85, up by 7.30 points or 0.83% from its previous closing of Rs. 880.55 on the BSE.

The scrip opened at Rs. 880.55 and has touched a high and low of Rs. 889.75 and Rs. 875.70 respectively. So far 2,945 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 972.50 on 24-Oct-2013 and a 52 week low of Rs. 463.00 on 07-Feb-2013.

Last one week high and low of the scrip stood at Rs. 897.80 and Rs. 852.55 respectively. The current market cap of the company is Rs. 10,638.00 crore.

The promoters holding in the company stood at 50.80% while Institutions and Non-Institutions held 28.70% and 20.51% respectively.

Britannia Industries (BIL), India's leading Food Company, has set up its first manufacturing facility for bakery products in Gujarat at Jhagadia Industrial Estate. The manufacturing unit was set up at an investment of around Rs 75 - 100 crore and has a total capacity of producing 45,000 tonnes of products per annum.  The location of this manufacturing unit is very strategic with proximity to the big markets of Gujarat, Maharashtra and Madhya Pradesh with the added advantage of being close to a port for export purposes. The company has already set up units in Bihar, Odisha and Tamil Nadu.

Britannia, 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.

No comments:

Post a Comment