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.

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