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Britannia signs JV agreement with Greece based company 'Chipita'

28 Mar 2017 Evaluate

Britannia Industries has signed a joint venture (JV) agreement with Chipita S A, a Greek company for the purpose of developing, producing and selling ready-to-eat long life filled croissants and any other product as may be agreed between the parties through a joint venture company in India namely ‘Britchip Foods’.

Britannia Industries, one of the India’s biggest brands of the country, has a market share of over 33%. More-than-a-century old Britannia has launched big brands in FMCG Segment. The company is expanding its customer base by launching new products and renovating existing ones.

Peers
Company Name CMP
Nestle India 1382.00
Varun Beverages 435.55
Britannia Industries 4937.00
LT Foods 430.10
Hatsun Agro Product 1155.55
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