With rising input costs, Britannia will raise prices across its products by 5 to 10 per cent. Rising input cost has been taking a toll on its bottom line from the past few quarters. The company posted a 30 per cent dip in its net profit in the first quarter of 2010-11 over the corresponding period last year, even as net sales jumped 25 per cent.
Fast moving consumer goods companies are passing on input cost to consumers lately. Hindustan Unilever raised its soap prices by 5 to 6 per cent. Marico raised the prices of its flagship Saffola and Parachute brands by 3 to 5 per cent.
crackcrack| Company Name | CMP |
|---|---|
| Varun Beverages | 431.70 |
| Nestle | 1227.00 |
| Britannia Inds | 5566.00 |
| LT Foods | 409.85 |
| Hatsun Agro Product | 923.55 |
| View more.. | |
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