Britannia Industries to strengthen its dairy business
DSIJ Intelligence / 10 Aug 2017
Britannia Industries is planning to rope in a partner to strengthen its dairy business segment and to trim down a few brands in the segment as a part of its strategy to expand higher margin products, reported a leading business daily.
Britannia Industries is planning to rope in a partner to strengthen its dairy business segment and to trim down a few brands in the segment as a part of its strategy to expand higher margin products, reported a leading business daily.
Meanwhile, the FMCG stock gained 2.25% at Rs 4,153.05 per share at 1205 hours on the BSE. The stock on the NSE attracted a total traded volume of 1,29,245 shares and a total traded value of Rs 5,337.21 lakhs.
The company has a profit growth of 38.15% over five years. The company has a return on equity of 42.74% for the last three years. The stock on a yearly basis has given 34.25% returns and outperformed the BSE Sensex index and the BSE FMCG index.
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