Britannia plans up to Rs 200 cr capex over two years

FMCG company Britannia Industries Limited is planning a capital expenditure between Rs 150 crore and Rs 200 crore over the next two years, its chairman Nusli Wadia said.

"We are going to finalise our plans for a capital expenditure of Rs 150 crore to Rs 200 crore over the next two years," Wadia told shareholders at the company's AGM here today.

Wadia said the capital expenditure would be made on two counts - upgradation and innovation and for creating new capacities.

He also said that the company was willing to have a good market share in the SAARC countries.

"Earlier we had plans for Bangladesh. But it did not work out for some reasons. But we can always revisit our plan for Bangladesh," he said.

Besides Bangladesh, Sri lanka was also on the radar, Wadia said.

He said this year the company had gained market share by 1.2 per cent and outgrown the market. "In three years, we want to be the market leader."

The company's margins were affected by rising prices of milk, he added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture