Britannia Industries, India’s largest biscuits and bakery company is planning to strengthen its foot print in overseas markets. In this regard, the company, having bakery and dairy brands available in about 30 countries is planning to open up in new geographies with new offerings.
The company derives about Rs 250 crore from global operations and is looking at all vectors to expand its presence overseas and targeting the Indian diaspora in the United States, Canada and the UK for the same.
The company’s net profit for the fourth quarter ended March 31, 2012 rose 22.61% to Rs 53.03 crore as compared to Rs 43.25 crore for the quarter ended March 31, 2011. The total income increased by 16.80% to Rs 1332.12 crore for the quarter under review from Rs 1140.55 crore for the corresponding quarter of the previous year.
