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Britannia Industries surges on the buzz of plan to sell its bakery foods subsidiary

24 Oct 2013 Evaluate

Britannia Industries is currently trading at Rs. 935.00, up by 20.05 points or 2.19% from its previous closing of Rs. 914.95 on the BSE.

The scrip opened at Rs. 917.00 and has touched a high and low of Rs. 948.00 and Rs. 917.00 respectively. So far 16631 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 948.00 on 24-Oct-2013 and a 52 week low of Rs. 400.00 on 07-Nov-2012.

Last one week high and low of the scrip stood at Rs. 948.00 and Rs. 830.00 respectively. The current market cap of the company is Rs. 11110.85 crore.

The promoters holding in the company stood at 50.80% while Institutions and Non-Institutions held 28.70% and 20.51% respectively.

Britannia Industries is reportedly in process of selling Daily Bread, bakery foods subsidiary of the company. Britannia under the leadership of Vinita Bali bought Daily Bread as part of a diversification plan in 2009.

Daily Bread has a network of 31 stores and cafes across Bangalore, Hyderabad and Goa, selling European-styled specialty breads, cakes, pastries, muffins and salads. With three manufacturing facilities, Daily Bread is also a lead supplier to KFC, Domino’s, Cafe Coffee Day and multiplex chains.

Britannia, 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.

 

Britannia Industries Share Price

5626.00 1.00 (0.02%)
13-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Nestle India 1497.00
Varun Beverages 438.25
Britannia Industries 5626.00
LT Foods 418.50
Hatsun Agro Product 962.15
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