Britannia Industries Ltd, one of leading food companies in India, recently shared that it is evaluating opportunities to set up overseas manufacturing units, including in Bangladesh and other South East Asian nations.
At the 100th AGM of the company, the Chairman of the FMCG giant 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 endeavour on the international side”.
He also said that 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 recently reported 3.64 percent 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 percent, 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 Industries exports products to 70 countries.
Britannia’s product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt.