Bombay Burmah Trdg.

** Shares of The Bombay Burmah Trading Corporation BBRM.NS up 11.4% to 1587 rupees

** India's apex court recalls its earlier observation of 46.55 bln rupees ($487.8 mln) lease-rent demand claim against the parent holding company of Britannia Industries BRIT.NS

** Stock set for its best session since Jan 22, 2025

** More than 2.3 mln shares traded, 76.4x their 30-day moving avg

** Shares changed hands most in a session since Nov 18, 2025

** YTD, BBRM down ~15%

($1 = 95.4200 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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The Supreme Court allowed Bombay Burmah Trading Corporation's interlocutory application and recalled observations linking the company to ₹4,655.24 crore of lease rent for its former Singampatti tea estate in Tamil Nadu. The court said the amount had not been the subject of a notice or final determination without the company being given an opportunity to be heard. The observations had appeared in paragraph 59 of the court's May 29 order, and the company had sought their recall in an application filed on July 21. The group had net worth of ₹10,247 crore at the end of the June quarter, while its food, bakery and dairy business generated ₹5,003 crore of revenue in the period.

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Aug 7 (Reuters) - Shares of Britannia Industries BRIT.NS rose on Friday after the packaged foods company reported a first-quarter profit jump, supported by robust volumes.

The stock jumped as much as 4.3% to 5,636 rupees, marking its biggest intraday percentage gain since May 6, 2024, and hitting its highest level in three months.

(Reporting by Saikeerthi in Bengaluru; Editing by Sherry Jacob-Phillips)

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Aug 6 (Reuters) - India's Britannia Industries BRIT.NS reported first-quarter profit below market expectations on Thursday, as higher expenses linked to the Middle East conflict overshadowed stronger demand for its packaged foods.

Consolidated profit rose 14% to 5.91 billion rupees ($62.07 million) for the quarter ended June 30. Analysts, on average, had expected a profit of 6.05 billion rupees, according to data compiled by LSEG.

($1 = 95.2200 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Tasim Zahid)

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Bombay Burmah Trading Corporation Ltd disclosed that the Supreme Court had taken note of a report suggesting ₹4,655 crore in lease rent could be recoverable from the company for its former Singampatti tea estate. The observation, recorded in a May 29 order, was based on a Central Empowered Committee report but has not resulted in any formal demand from the Tamil Nadu government. The company said it had not received any communication or demand, and the finding appeared to rest on internal government calculations that the company considers without jurisdiction. The Supreme Court was hearing appeals by a worker against a Madras High Court judgment that had earlier quashed ₹231.9 crore in lease rent demands, remanding the matter for re-quantification. The company has now filed an interlocutory application seeking to expunge the observations about lease rent from the Supreme Court’s order. The company confirmed it has handed over the entire 8,373.57-acre leased area to the state’s forest department, completing dismantling of factory structures on the last 221.44 acres on July 11, and has settled voluntary retirement dues for 534 workers.

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BENGALURU, May 13 (Reuters) - Diary of India economic, corporate events on May 13

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

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Adds consultant comment in paragraph 5

By Chandini Monnappa

May 8 (Reuters) - Shares of India's Britannia Industries BRIT.NS declined as much as 5% to a three-week low on Friday, after the packaged goods maker said it would hike prices from the first quarter, citing a significant rise in freight costs linked to the Iran war.

Britannia shares were down 3.3% to 5,624 rupees at 10:15 IST, on track for their worst session in about a year-and-a-half, if losses hold. India's benchmark Nifty 50 .NSEI was down 0.5%.

Several Indian consumer goods makers have turned to price hikes to offset the hit from Iran war‑driven rise in input costs. Higher raw material prices, fuelled by the surge in crude, are pressuring margins.

Britannia has not specified the quantum of the planned price rise.

"Typically consumer firms tend to hike prices in the first quarter, but with everything that's happening, these hikes won't be enough to offset the actual impact of rising costs," consumer ⁠goods consultant Akshay D'Souza said.

For consumer goods firms, volume growth is critical, while they manage margins and focus on retaining market share, he said.

Late on Thursday, Britannia posted a more than 20% year-over-year rise in consolidated quarterly profit to 6.78 billion rupees ($71.8 million), largely in line analysts' estimates, according to data compiled by LSEG. However, sales growth slowed from the previous quarter.

The Good Day biscuit maker said would optimise sourcing between India and overseas plants for key markets to ease supply pressures by mid‑May.

($1 = 94.4250 Indian rupees)

(Reporting by Chandini Monnappa and Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)

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BENGALURU, May 7 (Reuters) - Diary of India economic, corporate events on May 7

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

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March 27 (Reuters) -

• BOMBAY BURMAH TRADING CORPORATION LTD - SELLS DUNSANDLE ESTATE TEA PLANTATIONS FOR 1.20 BILLION RUPEES

Source text: ID:nBSE33NvCf

Further company coverage: BBRM.NS

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Feb 25 (Reuters) - Bombay Burmah Trading Corporation, Ltd BBRM.NS:

• REVISED TAX LIABILITY NOW 1.23 BILLION RUPEES

Source text: ID:nNSE5Vn2n9

Further company coverage: BBRM.NS

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Feb 13 (Reuters) - Bombay Burmah Trading Corporation, Ltd BBRM.NS:

• BOMBAY BURMAH TRADING CORPORATION LTD - DEC-QUARTER CONSOL NET PROFIT 3.16 BILLION RUPEES

• BOMBAY BURMAH TRADING CORPORATION LTD DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 50.66 BILLION RUPEES

Source text: [ID:]

Further company coverage: BBRM.NS

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By Komal Salecha

Feb 11 (Reuters) - Indian packaged foods maker Britannia Industries BRIT.NS is betting on the e-commerce and quick-commerce channels to capitalise on the convenience and impulse buying that the country's online consumer base increasingly seeks.

The quick commerce channel currently brings in high-single-digit percentage sales in segments such as "indulgence and impulse", Chief Commercial Officer Vipin Kataria said in a post-earnings call on Wednesday.

Sales in the segment, comprises sweet treats such as cakes, croissants and wafers, are expected to climb up to the high tweens to high teens percentages in fiscal 2027, according to Kataria.

India's quick-commerce market, which promises to deliver everything from iPhones to milk in minutes, has rapidly grown in the last few years as consumers in the world's most populous country court convenience. This has also led to a shift in strategy for consumer firms.

We are looking to add more digital-first brands to drive quick-commerce growth, which is expected to be margin accretive, CEO Rakshit Hargave said, adding that the company plans to increase its investments in its quick-commerce unit.

The packaged foods firm posted a 17% rise in third-quarter profit on Tuesday, driven by price hikes and tax cuts. Its stock closed 2.3% higher on the day.

E-commerce is also a major driver for the "indulgence and impulse" category, and the company plans to focus on the channel as a business unit in itself.

Online delivery platforms contributed three times more to sales in cakes, rusks, croissants and wafers in the December quarter, compared to its mainstay biscuits portfolio, the company said.

"Going forward, an omnichannel approach, very strong price points, pushing back competition and increased investments will drive growth," he said.

(Reporting by Komal Salecha in Bengaluru; Editing by Janane Venkatraman)

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Recasts with details throughout, CEO comment in paragraph 7, Shares in paragraph 11

Feb 10 (Reuters) - Indian biscuit maker Britannia Industries BRIT.NS reported a 17% rise in third-quarter profit on Tuesday, helped by price hikes and tax cuts.

The company, known for its Marie Gold and Good Day brand of biscuits, reported a consolidated net profit of 6.8 billion rupees ($75.12 million) for the quarter ended December 31, up from 5.82 billion rupees a year ago.

Analysts, on average, were expecting a profit of 6.64 billion rupees, according to LSEG data.

In its first earnings since a top management reshuffle in November, Britannia's revenue for the quarter grew 8.2% to 49.7 billion rupees, up from 4% growth in the previous quarter and in line with the 8% growth reported a year earlier.

Britannia and peers ITC ITC.NS, Hindustan Unilever HLL.NS and Dabur DABU.NS have been seeing a gradual recovery in demand, after several quarters of pressure, aided by the tax cuts and slowing inflation.

The goods and services (GST) reductions, which came into effect at the end of September, have helped lift sales of Indian consumer firms during the reported quarter.

The earnings underscore a healthy return to growth driven by strong momentum across both the biscuits and adjacent categories, alongside a relatively stable commodity environment, Managing Director and CEO Rakshit Hargave said in a statement.

The company's margins have been under pressure over the last few quarters due to sustained inflation in the prices of key commodities such as palm oil, cocoa and sugar.

Compared to its overall sales growth, Britannia has also been seeing faster growth in categories such as wafers, croissants and cakes driven by online delivery platforms.

It also took a one-time charge of 485.6 million rupees tied to the country's new labour codes during the quarter.

Shares of the company closed 0.5% up ahead of the results.

($1 = 90.5240 Indian rupees)

(Reporting by Komal Salecha in Bengaluru; Editing by Shailesh Kuber)

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Adds more details of quarterly results

Nov 5 (Reuters) - Indian biscuit maker Britannia Industries BRIT.NS reported a 23% rise in second-quarter profit and named former Birla Opus chief Rakshit Hargave as its CEO on Wednesday.

The news come as consumer goods makers in India are navigating a period of tax rate cuts and shifting demand trends, adding pressure to protect margins and sustain growth.

The maker of Jim Jam and NutriChoice biscuits said its consolidated net profit rose to 6.54 billion rupees ($74.4 million) in the July-September quarter, from 5.31 billion rupees a year earlier.

Net profit margins came in at 13.5%, versus 11.4% a year earlier, powered by price hikes. Brokerage Jefferies had estimated price hikes of 5% to 6% in the period.

Sales rose 4% to 47.52 billion rupees.

India had cut goods and services tax on several items in late September. Consumer goods firms faced short-term disruption in new orders as retailers rushed to clear higher-priced inventory ahead of the tax change.

NEW FACE AT THE HELM

Hargave will start his term as Britannia's CEO on December 15, succeeding Rajneet Kohli, who stepped down in March.

Earlier in the day, Hargave announced his resignation from Birla Opus, Grasim Industries' GRAS.NS paints unit.

Under his leadership, Birla Opus gave market leader Asian Paints ASPN.NS one of its biggest challenges in decades, cornering a significant market share in about a year of its launch in February 2024.

Hargave was at Grasim for four years. He has also worked with Indian units of consumer goods giant Unilever ULVR.L and pizza chain Domino's Pizza DPZ.O.

($1 = 87.8950 Indian rupees)

(Reporting by Hritam Mukherjee, Ananta Agarwal and Meenakshi Maidas in Bengaluru; Editing by Leroy Leo)

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** Analysts at Nomura and Jefferies say Colgate COLG.NS, Britannia Industries BRIT.NS and Nestle India NEST.NS will be the key beneficiaries of tax cuts on everyday items

** Government slashed rates to 5% on a wide range of everyday items including personal care products, household goods and packaged foods.

** Colgate, up 3.6%, was the top gainer on Nifty FMCG index .NIFTYFMCG which rose 0.7%

** Britannia, Dabur and Nestle were also among the top gainers on the index, gaining 3%, 2.2% and 1.7%, respectively

** Nomura expects 100% of COLG's portfolio to benefit from tax cuts, while Jefferies estimates that number to be 95%

** 85% of Britannia's portfolio to benefit - Nomura and Jefferies

** Analysts flag that around 70% of Nestle's and 50%-60% of Dabur's portfolio to benefit

** Median PT for Colgate is 2472 rupees, Britannia's at 5900 rupees; Nestle and Dabur at 1200 and 545 rupees, respectively - data complied by LSEG

(Reporting by Nishit Navin in Bengaluru)

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** Proposed reductions in India's goods and services tax (GST) will drive formalization of consumer goods industries, Nomura says

** Marico MRCO.NS, Tata Consumer TACN.NS and Britannia Industries BRIT.NS are brokerage's top picks

** BRIT, with 80% of revenue from biscuits and Colgate-Palmolive (India) with 80% revenue from toothpastes COLG.NS to benefit most from tax rate cut on staples to 5% from 18%

** Quick service restaurants, thanks to reduced tax on key material cheese, as well as snacks --Bikaji BIKA.NS-- and stationary makers --ITC ITC.NS-- to benefit most from tax rate cut to 5% from 12%

** Meanwhile, if GST rate on cigarettes rises to 40% and all other taxes are unchanged, Nomura argues this would lead to a roughly 7% increase in effective tax burden for companies like ITC, "which we believe will be passed on to consumers without any major backlash."

** However, ITC could see lower volumes if main GST rate as well as other taxes are raised on cigarettes -- Nomura

** Indian consumer stocks .NIFTYFMCG have risen 4% since Prime Minister Narendra Modi announced tax cut plans on August 15

(Reporting by Nandan Mandayam in Bengaluru)

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** Bank of America says company-specific factors, not GST cuts, are key for growth and earnings upgrades for consumer firms

** Nifty FMCG Index .NIFTYFMCG is up nearly 1%, driven by a near 4% rise in Britannia Industries BRIT.NS on hopes of GST cut on biscuits

** BofA says if only the 12% GST slab is subsumed with no change to 5% and 18% slabs, the direct impact would be limited

** But moving some categories from 18% slab to lower could imply higher upside

** Brokerage remains selective in the consumer space, prefers Titan TITN.NS among discretionaries; says risk/reward is favourable for Varun Beverages VARB.NS and United Breweries UBBW.NS

** Brokerage more cautious on Avenue Supermarts AVEU.NS and quick service restaurant stocks like Westlife Foodworld WEST.NS, Devyani International DEVY.NS and Sapphire Foods SAPI.NS

** FMCG index is down 1% in 2025 so far, lagging the benchmark Nifty 50's .NSEI 5% rise

(Reporting by Nandan Mandayam and Nishit Navin in Bengaluru)

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** Indian biscuit maker Britannia Industries BRIT.NS down ~2% to 5,523 rupees following Q1 results

** 'Bourbon' biscuits maker misses Q1 profit estimates as cost inflation in key commodities and high competition crimp margins

** Macquarie says Britannia's comments, pointing to a heightened competitive landscape across categories, are concerning

** Adds, EBITDA, which was flat y/y came below its estimates

** BRIT rated 'hold' on average by 34 analysts; media PT at 5,824, implying a 5.4% upside to current price - as per data compiled by LSEG

** YTD, Britannia shares up ~16%

(Reporting by Ananta Agarwal in Bengaluru)

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Rewrites throughout with more earnings commentary, background and details

Aug 5 (Reuters) - Britannia Industries BRIT.NS posted first-quarter profit below estimates on Tuesday, but the Indian biscuit maker said urban consumption — dull for a few quarters — is picking up.

The seller of 'Marie Gold' and 'Bourbon' biscuits joins other domestic consumer goods makers such as Hindustan Unilever HLL.NS and ITC ITC.NS in forecasting early signs of a recovery in urban demand, aided by easing local inflation.

India's annual retail inflation slowed every month in the quarter, easing to a six-year low in June at 2.1%. That helped spur a "marginal uptick in consumption across both urban and rural markets," said Varun Berry, managing director and chief executive.

Britannia's quarterly sales grew 9.8% to 45.35 billion rupees ($516.5 million). The firm had previously flagged rise in popular demand for packaged food and confectionery items such as croissants, wafers and flavoured shakes - usually more likely to be bought on impulse.

But total spends rose 10.4%, led by a 15% jump in raw material costs. Britannia has been hiking prices to partly offset the higher costs of raw materials such as cocoa, flour and palm oil.

Profits in the reported quarter came in at 5.21 billion rupees, up 3% on-year, but below analysts' average estimate of 5.7 billion rupees, according to data compiled by LSEG.

($1 = 87.8100 Indian rupees)

(Reporting by Ananta Agarwal and Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman and Sahal Muhammed)

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** Britannia Industries BRIT.NS climb 0.8%; consumer goods and benchmark indexes down over 1%

** Biscuit maker's Q4 profit rises due to price hikes, which Nomura pegs at 6%

** Brokerages say 9% rev growth of 9% largely met estimates, while profit growth of 4% beat view

** Most analysts hold ratings; avg rating is equivalent to "buy", similar to most on 15-member Nifty FMCG .NIFTYFMCG

** Stock has gained 15% YTD, second-highest on index that is down 2.4% this year

(Reporting by Nandan Mandayam in Bengaluru)

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** India's Eternal ZOMT.NS, earlier known as Zomato, and Jio Financial Services JIOF.NS to see net inflows of $591 million on entry in benchmark Nifty 50 .NSEI, says Nuvama

** ZOMT and JIOF to get $391 mln and $200 mln inflows, respectively, while replacements Britannia Industries BRIT.NS and Bharat Petroleum BPCL.NS to see net outflows of $153 mln and $145 mln, respectively

** Changes effective close of March 27; changes in key indexes affects positioning of passive funds

** Indian Hotels IHTL.NS to see $85 mln inflows on Nifty Next 50 .NN50 inclusion and Power Grid Corp of India PGRD.NS to see $49 mln inflows on CPSE index .NICPSE inclusion, as per Nuvama

** IHTL and PGRD up 1% and 1.4%, respectively, on the day, while JIOF flat and ZOMT falls 2%

(Reporting by Vivek Kumar M)

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March 24 (Reuters) - Indian biscuit maker Britannia Industries <BRIT.NS> said on Monday that operations at its Jhagadia plant in Gujarat have been partially affected due to a strike.

The company is in continuous discussions with workers to resolve the strike, which began on Monday, the company said in an exchange filing.

The impact is still being assessed, Britannia said, but stopped short of disclosing details such as the number of workers on strike or the facility's contribution to overall revenue when Reuters reached out for comment.

Britannia has about a dozen plants in India, according to the company's latest annual report.

Shares of the company had closed 0.4% lower on Monday.

(Reporting by Praveen Paramasivam in Chennai and Ashish Chandra in Bengaluru; Editing by Shailesh Kuber)

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March 17 (Reuters) - Bombay Burmah Trading Corporation, Ltd BBRM.NS:

• BOARD APPROVES SALE OF LAND IN TAMIL NADU TO ANNAI GROUP

Source text: ID:nBSE17gHMQ

Further company coverage: BBRM.NS

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Adds details, background throughout

March 6 (Reuters) - Indian biscuit maker Britannia Industries BRIT.NS said on Thursday that its Chief Executive Officer Rajneet Singh Kohli has resigned after serving two-and-a-half years in the role.

Britannia did not name Kohli's successor, but said he will be relieved from the role on March 14, as per his request.

Kohli, who joined as Britannia's CEO in September 2022, did not disclose the exact reason for stepping down, but said in his resignation letter that he will "pursue an external opportunity".

Before joining Britannia, the 50-year-old had held leadership roles at major firms like Domino's India, run by Jubilant Foodworks JUBI.NS, Asian Paints ASPN.NS and U.S. beverage giant Coca-Cola Co KO.N.

Under Kohli's leadership, the biscuit maker's shares rose nearly 25% as it focused on product diversification, entering the healthy food segment, and expanding manufacturing plants in the eastern Indian states of Odisha and Bihar.

Britannia's shares erased early-session gains after the news. They were last trading 0.6% lower as of 3:20 p.m. IST.

The company has in the recent months benefited from price hikes to counter rising input costs, helping it beat its latest third-quarter profit estimates.

(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala and Sonia Cheema)

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** Shares of Indian biscuit maker Britannia Industries BRIT.NS up as much as 2.2% on Q3 results to 5065 rupees

** Co reports 6% volume growth y/y in despite "ongoing subdued demand" and "increased competitive pressures"

** Net profit growth of 4.8% aided by lower employee costs and advertising spends, analysts say

** Gross margin contraction of more than 500bps higher than expected due to inflation in key commodities - JPMorgan

** Analysts see green shoots from trade promotions and distribution network expansion aiding volume growth amid ongoing margin pressure

** Stock rated "Hold" on avg by 33 analysts - LSEG

** Avg PT of 5421.88 rupees provides a 7.7% upside to current stock price

(Reporting by Ananta Agarwal in Bengaluru)

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Feb 6 (Reuters) - Indian biscuit maker Britannia Industries BRIT.NS beat third-quarter profit estimates on Thursday, as price hikes helped offset the impact of rise in commodity prices.

The company, which sells 'Jim Jam' and 'NutriChoice' biscuits, reported a 5% increase in consolidated net profit to 5.82 billion rupees ($66.43 million) for the three months ended December 31.

Analysts, on average, had expected a profit of 5.21 billion rupees, according to estimates compiled by LSEG.

($1 = 87.6130 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai; Editing by Mrigank Dhaniwala)

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Jan 10 (Reuters) -

• BOMBAY BURMAH TRADING CO, 17 OTHERS SETTLE WITH SEBI FOR VIOLATION OF ACQUISITIONS,TAKEOVERS REGULATION

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** Shares of Britannia Industries Ltd BRIT.NS down 13.8% in November, set for their biggest monthly drop since June 2006

** Stock currently up 0.2% at 4,934.95 rupees

** BRIT among top 5 biggest monthly pct losers on blue-chip Nifty 50 index as well as FMCG stocks .NIFTYFMCG that are down 1.2% and 2.5%

** BRIT reported smaller-than-expected Q2 profit in mid-Nov due to poor demand from inflation-wary urban customers, sending its shares down by more than 12% in two sessions

** Downbeat results also led stock to its worst week in 24 years; the stock was up by just 0.35% on the day before the results

** Avg rating on stock has fallen to "hold" from "buy" following post-results downgrades - LSEG

** Stock has 13 "hold" ratings, its most in at least two years

** YTD, BRIT down ~8%, among worst-performing stocks on Nifty 50 and Nifty FMCG index that are up 11% and ~2%, respectively

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Shares of consumer goods maker Britannia Industries BRIT.NS fall 1.9% to 4,798.5 rupees, their lowest level since early-May

** BRIT top loser on Nifty FMCG index .NIFTYFMCG, which is down 0.5%

** Co on Tuesday said the Food Safety and Standards Authority of India (FSSAI) issued a notice over the use of a preservative in one of the batches of its product

** Co did not disclose which product was flagged by FSSAI, but says it expects no material impact on financials or operations

** More than 448,000 shares change hands, 1.1x its 30-day avg

** Avg rating of 33 analysts is a "hold"; median PT at 5,435 rupees - LSEG data

** BRIT is down 16% this month, on track for its worst month since June 2006

(Reporting by Ashna Teresa Britto in Bengaluru)

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