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Britannia Industries to invest Rs 200 crore over the next two years

13 Aug 2014 Evaluate

Britannia Industries is planning to invest between Rs 150 crore and Rs 200 crore over the next two years. The investments would mostly be into expansion of capacities, product innovation and the setting up an innovation centre.

The company is planning to set up an innovation centre at Bangalore, at an estimated cost of Rs 20 crore-Rs 30 crore. The innovation centre will become operational over the next 18 months.

The Wadia Group-controlled enterprise operates mainly in the biscuit-rusk-cake (BCR) and dairy segments. It is the second largest biscuit-maker in India, after Parle Products. The company’s net profit surged by 24.94% at Rs 107.81 crore as compared to Rs 86.29 crore for the quarter ended June 30, 2013. Its total income has increased by 15.64% to Rs 1653.80 crore for the quarter under review from Rs 1430.18 crore for the corresponding quarter of the previous year.

 

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