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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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** Shares of Britannia Industries BRIT.NS trim gains to trade 0.5% lower after co announces CEO resignation

** The consumer goods giant says CEO Rajneet Singh Kohli has resigned, effective March 14

** Stock among the 3 decliners in the 15 member Nifty FMCG index .NIFTYFMCG, which is up 1.17%; BRIT was up as much as 1.7% before announcement

** Analysts covering BRIT on avg have a "buy" rating, same as rivals Hindustan Unilever HLL.NS and Nestle India NEST.NS - LSEG data

** The stock had gained ~24% during his tenure, which began late Sept. 2022

(Reporting by Ashna Teresa Britto in Bengaluru)

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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)

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** 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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** Britannia Industries BRIT.NS falls 2.5% to 4,920 rupees, lowest in six months

** Stock down 14% this week, set for worst week since January 2000

** BRIT top loser and worst performing stock this week on the benchmark Nifty 50 index .NSEI, which is down 0.04%

** Indian markets are closed on Friday for a holiday

** Consumer goods major posted smaller-than-expected Q2 profit and rev on Monday amid slump in urban consumption

** At least 24 analysts slash PT post results; four downgrade rating

** BRIT rated "hold" on avg now vs "buy" before results; median PT now at 5,450 rupees vs 5,800 rupees earlier - LSEG

** Stock down ~8% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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Corrects bullet 2 to say only the Nifty 50 had fallen for three straight sessions, not the Nifty and Sensex

** India's NSE Nifty .NSEI and BSE Sensex .BSESN fall 0.1% each in afternoon trading

** Benchmarks swung between narrow gains and losses after opening about 0.3% higher; the Nifty 50 .NSEI had fallen in the previous 3 sessions

** Nifty has sunk 8% from record high on Sept. 27 amid disappointing earnings and foreign outflows (~$14 bln since Oct start)

** Continuous foreign outflows continue to keep investors cautious, expect sell-off to continue till end of 2024, says Aishvarya Dadheech, founder and CEO of Fident Asset Management

** Biscuit-maker Britannia Industries BRIT.NS drops 5%, most on Nifty, on Q2 profit miss, indicating weak urban demand

** Amid that, focus on Oct inflation after the bell, which is expected to have hit 14-month high of 5.81%, per Reuters poll

** Data will be parsed for clues on economic health and the case for a rate cut in Dec, says Ajit Mishra, senior VP of research at Religare Broking

(Reporting by Hritam Mukherjee in Bengaluru)

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Nov 11 (Reuters) - Indian biscuit maker Britannia Industries BRIT.NS posted a surprise drop in second-quarter profit on Monday, hurt by weaker demand in urban areas amid high inflation.

The company, which sells Jim Jam and NutriChoice biscuits, reported a consolidated net profit of 5.31 billion rupees ($62.95 million) for the three months ended Sept. 30, compared with 5.88 billion rupees a year earlier.

Analysts, on average, had expected a profit of 6.22 billion rupees, according to estimates compiled by LSEG.

($1 = 84.3580 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru and Praveen Paramasivam in Chennai; Editing by Abinaya Vijayaraghavan)

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** Shares of Bombay Burmah Trading Corp BBRM.NS down 1.6% at 1,601.25 rupees

** Wadia Group-owned co said on Thursday Maharashtra state tax authority initated search at co's office

** Stock had fallen as much as 2.7% before paring some losses

** BBRM on track for first monthly decline since Aug. 2023 if trend holds; down 8.5% so far in March

(Reporting by Varun Vyas in Bengaluru)

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March 14 (Reuters) - Bombay Burmah Trading Corporation Ltd BBRM.NS:

• ASSISTANT COMMISSIONER OF STATE TAX, MAHARASHTRA INITIATED SEARCH AT CORPORATION'S REGISTERED OFFICE

• SEARCH UNDER SECTION 67 OF MAHARASHTRA GOODS AND SERVICES TAX ACT, 2017

Source text for Eikon: ID:nBSEblG9Pj

Further company coverage: BBRM.NS

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

• BOMBAY BURMAH TRADING CORPORATION DEC-QUARTER CONSOL NET PROFIT 4.57 BILLION RUPEES VERSUS PROFIT 1.58 BILLION RUPEES

• BOMBAY BURMAH TRADING CORPORATION DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 43.37 BILLION RUPEES VERSUS 42.8 BILLION RUPEES

Source text for Eikon: ID:nBSE5CJ9hD

Further company coverage: BBRM.NS

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By Praveen Paramasivam

CHENNAI, Nov 2 (Reuters) - Shares in India's Britannia Industries BRIT.NS climbed as much as 3.9% on Thursday, a day after reporting quarterly earnings above market expectations the biscuits maker kept a tight lid on costs amid easing commodities prices.

The Little Hearts maker has been focusing more on reducing product damages during transport, ensuring trucks are more fully loaded and setting up new plants.

Prices of raw materials including palm oil, laminates and corrugated boxes have also come off their highs, setting up Britannia for gross margin expansion that "surprised positively", JM Financial analyst Richard Liu said.

For the second quarter ended Sept. 30, Britannia's gross margin was at 42.9%, up from 41.9% in the first quarter and 38.9% a year earlier, according to LSEG data.

However, Britannia Managing Director Varun Berry stopped short of forecasting third-quarter margins on an earnings call on Thursday.

"The Middle East (is) in flames and Russia and Ukraine (are) going at each other. We don't know where this situation is leading up to."

Oil prices have risen roughly 6% since the start of the Israel-Hamas war, whose escalation may require policymakers in developing countries to take steps to manage a potential increase in headline inflation, the World Bank said earlier this week.

Analysts, however, expect Britannia to weather commodity price increases with effective cost-cutting measures.

Britannia also topped second-quarter earnings estimates on new biscuit launches and its move to ramp up distribution including in rural centres.

However, Britannia will now need to fend of competition from smaller rivals who have now re-entered the fray for market share.

Britannia shares, set to end higher after three sessions of losses, are on track for their best day in nearly five months. The stock has climbed about 5% this year, underperforming the Nifty fast-moving consumer goods .NIFTYFMCG index's 16% rise.

(Reporting by Praveen Paramasivam in Chennai)

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BENGALURU, Nov 1 (Reuters) - India's Britannia Industries BRIT.NS reported second-quarter revenue that fell short of analysts' expectations on Wednesday, as the biscuit maker cut prices of some of its key products to stave off competition.

Britannia, which also sells cakes and breads, said its revenue from operations was up 1.2% at 44.33 billion rupees ($532.6 million), but fell short of analysts' estimates of 45.43 billion rupees, as per LSEG data.

"As the commodity started to soften this quarter, we have seen pricing activity by competition in certain categories," said Managing Director Varun Berry, adding that Britannia cut prices in some of its key brands to increase its market share.

Analysts have said a recovery in rural demand for packaged foods remained below expectations in the quarter due to high-food prices, but expects a pick-up in demand in the current quarter due to a delayed festive season.

"Our potential in rural continues to remain high and hence, expansion in rural distribution continued despite a reported rural slowdown," Berry added.

Lower costs in the quarter ended September, however, helped Britannia post a 19.1% rise in consolidated net profit of 5.88 billion rupees, topping analysts' estimate of 5.46 billion rupees.

Expenses fell 2.3% to 3.69 billion rupees.

Britannia also added that it was watchful of the impact of volatile global commodity prices on its businesses amid ongoing strife in the Middle East and Russia.

Its shares have gained nearly 2.1% in the year so far, as compared with a near 16% rise in the NIFTY FMCG index .NIFTYFMCG.

($1 = 83.2370 Indian rupees)

(Reporting by Manvi Pant and Indranil Sarkar in Bengaluru; Editing by Shailesh Kuber)

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** Shares of Wadia Group-owned Bombay Burmah Trading Corp BBRM.NS rise as much as 11.9% to 1,238.9 rupees, highest since Sept. 2, 2021

** Stock logs largest intraday pct climb since June 13; on track to rise for fifth straight session, if trend holds

** Trading volume nearly 10X 30-day moving average as of 12:23 p.m. IST, stock's busiest day since June 13

** Stock up 35% YTD

(Reporting by Varun Vyas in Bengaluru)

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** Shares of biscuits maker Britannia Industries BRIT.NS fall as much as 2.2% to 4,692 rupees per share, lowest since June 6

** Co reports Q1 profit below analysts' estimates, hurt by price cuts to counter competition

** Marie Gold biscuits maker says it took price cuts as easing raw material costs intensified competition

** Second half looks challenging from topline as well as bottomline perspectives, unless volumes offset the hit from lower pricing, JM Financial analysts says

** More aggressive costs-efficiencies program may be needed to boost profitability - JM Financial

** About 441,000 shares traded vs 30-day avg of 318,739

** BRIT shares up 8.7% YTD vs 8.1% gain in broader Nifty 50 index .NSEI

** BRIT top drag in Nifty on Monday

(Reporting by Nallur Sethuraman in Bengaluru)

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BENGALURU, Aug 4 (Reuters) - India's Britannia Industries BRIT.NS reported a near-36% jump in quarterly earnings on Friday as the Marie Gold biscuits maker stocked up its products in mom-and-pop stores across rural markets.

Britannia, which also sells cakes and breads, posted consolidated profit of 4.58 billion rupees ($55.4 million) in the first quarter ended June 30, compared with 3.37 billion rupees a year earlier.

(Reporting by Praveen Paramasivam in Chennai; Editing by Dhanya Ann Thoppil)

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** Shares of Britannia Industries Ltd BRIT.NS jump as much as 3.4% to a record high of 4,862.95 rupees

** BRIT stock is the top gainer in Nifty 50 index .NSEI, which is currently up 0.3%

** Stock trading above its 50-, 100-, and 200-day exponential moving averages since April 26

** If trend holds, stock on track to advance for a fourth consecutive session

** About 680,350 shares change hands, 1.8x the 30-day avg - Refinitiv Data

** BRIT's Moving Average Convergence Divergence (MACD) line has been over the signal line for three sessions, suggesting bullish momentum

** Relative Strength Index (RSI) is over the upper limit of 70, indicating the stock is overbought

** Jefferies sees margin benefits for FMCG companies to continue in June quarter on lower input costs

** Twenty-five of 35 analysts covering the stock have a "buy" or higher rating, eight have "hold" while two rate it at "sell" or lower; median PT is 5,155 rupees

** YTD, stock up 12.6% vs Nifty 50 index' 2.7% gain

(Reporting by Priya Sagar in Bengaluru)

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** Shares of Britannia Industries Ltd BRIT.NS up 0.5% ahead of quarterly results

** Good Day biscuits maker expected to report consolidated net profit of 5.03 bln rupees ($61.58 mln), per Refinitiv IBES data, vs 3.80 bln rupees a year earlier

** Analysts expect co's margins to improve on fall in key input costs; revenue likely to grow in double digits led by market share gains and expansion of rural distribution network

** Higher exposure in urban market, increased consumption of large packs "to provide superior growth as compared to peers in higher inflation situation" - Centrum Institutional Research ("buy"; PT: 5,037 rupees); expects co to gain market share

** Jefferies ("buy"; PT: 4,265.90 rupees) sees 24%-25% EBITDA growth with margins at ~17%

** Thirty-five analysts recommend "buy" on average; median PT is 4,874 rupees - Refinitiv data

** At current levels, stock up 1.2% for the week; YTD gains at 7%

($1 = 81.6830 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Bombay Burmah Trading Corporation BBRM.NS plunge as much as 10% in early trade to 936.05 rupees - highest intraday pct loss since Feb. 24, 2022

** Go First airline, which filed for bankruptcy on Tuesday, availed loan from BBRM in the form of inter-corporate deposits - insolvency filing

** Loan amount yet to be ascertained

** If losses hold, BBRM set to snap four straight sessions of gains

** More than 314,000 shares traded by 9:51 a.m. IST, 3.8x their 30-day avg

** Up to last close, BBRM rose 14.7% YTD

(Reporting by Rama Venkat in Bengaluru)

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April 19 (Reuters) - Bombay Burmah Trading Corporation Ltd BBRM.NS:

• DECIDED TO SELL PLANTATION LAND/PROPERTIES, ASSETS FORMING PART OF 3 TEA ESTATES IN TANZANIA

• SALE FOR TOTAL CONSIDERATION OF $1.2 MILLION

Source text for Eikon: ID:nBSE44BskL

Further company coverage: BBRM.NS

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