Britannia Industries Ltd

Company Overview

A large food firm in India with a 100-year history and over INR 9000 Cr in annual revenue is Britannia Industries. One of India's most reputable food manufacturers, Britannia creates well-known goods including Good Day, Tiger, NutriChoice, Milk Biscuits, and Marie Gold. Britannia sells various goods, including biscuits, bread, cakes, rusk, and dairy items including cheese, drinks, milk, and yoghurt.

With an annual volume turnover of more than 1 lac tonnes and a value turnover of INR 450 crores, Britannia Bread is the top brand in the organised bread industry. Four franchises and 13 locations make up the firm.

About Company

As a member of the Nusli Wadia-led Wadia Group, Britannia Industries Limited is a multinational FMCG firm with a focus on the food market. One of India's oldest still operating businesses, it has its corporate headquarters in Kolkata and is well known for its biscuit goods. The business distributes dairy goods, breads, and biscuits domestically and internationally under the Britannia brand. The firm has been embroiled in several management-related scandals going back to the circumstances surrounding the Wadia Group's acquisition in the early 1990s. But it still commands a sizable portion of the market and is successful.

Company Establishment

With an investment of INR 295, a group of British businessmen founded the Britannia Industry in 1892. Biscuits were first created in a little hamlet in the heart of Kolkata. On March 21st, 1918, the business was incorporated as a public limited company.

Britannia was the first business east of the Suez Canal to use imported gas ovens in 1921. The business of Britannia was flourishing. Britannia, though, was developing a reputation for excellence and value. Because of this, the government trusted Britannia during the catastrophic World War II and hired a company to send tonnes of "service biscuits" to the military.

In Mumbai, a new factory was built in 1924. The firm extended its plants in Calcutta and Mumbai the same year it joined Peek Frean & firm Limited UK, a well-known cookie manufacturer.

In 1954, Mumbai and Kolkata welcomed a factory from Dum Dum to bigger premises on Taratala Road outside of the city. Automatic plants were constructed in Calcutta the same year. Additionally, automated plants were installed in the Mumbai facility in 1954. The company began making high-quality sliced and wrapped bread in India, with the first production in Delhi. A brand-new bakery for bread opened in Delhi in 1965.

In 1975, Britannia Biscuit Company took over biscuit distribution from Parry's. Further, in 1976, the company launched Britannia Bread in Calcutta and Chennai. 1978 was the year when the company became public, and Indian shareholding surpassed 60%. The redefinition of the company from Britannia Biscuit Company Limited to Britannia Industries Limited took place in 1979.

Fast forward to Current Status, 2021 - Britannia is one of India's oldest companies. It is currently a part of the Nusli Wadia-led Wadia Group. In 2020, Britannia's revenue was 11,878.95 crores INR (about US$1.7 billion).

Total Stocks and IPO

In 1978, the non-resident ownership of the Company was decreased to less than 40% following the issuance of shares to the Indian public. Equity shares for Rs 5 each were issued. Shares were sold as rights to resident Indian shareholders in a ratio of 1:5, and 43,714 shares went to the company's workers, Shares were made available to the general public in January and February in the year 1978.

Group companies

It established a joint venture with the Greek company Chipita SA in March 2017 to produce and market croissants ready to eat in India. The firm and Accenture teamed in September 2021 to digitise the company's production facilities and warehouses to streamline procurement, speed up innovation, and enhance the experience of customers and suppliers. It partnered with personal concierge company Dunzo to deliver necessities to customers' doorsteps in April 2020 during the COVID-19 outbreak in India. Due to various factors, the Britannia Industries Ltd share price keeps on fluctuating. 

Britannia Industries Ltd Share Price

The share price of Britannia Industries Ltd can vary depending upon various factors. You can refer to the above financial chart for Britannia Industries' share price NSE and BSE.