Britannia Industries Ltd.

BSE: 500825 | NSE: BRITANNIA
Large Cap | Consumer Food
6015.65
14.90 (0.25%)
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Britannia to raise prices by 5-10%

Date: 01-09-2010

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.

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