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For the year ended 31st March 2008, the Company achieved a sales
growth of 17.5% on an expanded base arising from 27.5% growth in the
previous year. Net Profit of the Company increased 77.5 % to Rs 1,910 Mn
compared with Rs 1,076 Mn in 2006-07. Operating Margin increased by 307
basis points to 7.5%.
The Company witnessed all round growth in key categories with Biscuits
recording sales of Rs. 23,299 Mn. Bread, Cake and Rusk business crossed
the Rs. 2,700 Mn mark during 2007-08. This business has doubled in two
years.
In an intensely competitive biscuit environment, all ³Power Brands² of
the Company recorded double digit growth, with Tiger and Good Day
growing in excess of 20%. The Company¹s innovation forays have
successfully addressed new benefit clusters and NutriChoice Digestive
has claimed its position in the health and vitality space. The Company
continues to maintain its leadership edge in 6 out of 7 key product
segments, the only exception being Glucose.
The Company introduced several new and renovated offerings in Tiger,
Good Day, Treat and MarieGold. The health and nutrition platform was
buttressed by Tiger Banana with ³iron-zor², fortified Milk Bikis,
renovated MarieGold and Nutrichoice Digestive. To tap the more
indulgent consumers, your Company launched Good Day Classic Cookies,
while continuing to roll out individual consumption packs at the highly
affordable Rs. 5 price point.
The Bread, Cake and Rusk portfolio was strengthened with the successful
relaunch of Breads, fortified with vitamins and minerals, positioning
them firmly as the healthy start to your day. This innovation combined
with relevant consumer activation in key markets has seen a 30%+ growth
in the Bread, Cake and Rusk business.
As a Corporate, Britannia worked for the benefit of all stakeholders -
shareholders, consumers, dealers , suppliers, bankers and employees. It
has established an excellent track record in terms of its financial
performance and dividends distributed to its shareholders. This has
been adequately demonstrated with the Company's topline growing from Rs
10,301 Mn in 1999 to Rs 26,176 Mn in 2008, a growth of 154% over the
last 10 years. The net profit grew even more significantly at 382% from
Rs 396 Mn in 1998-99 to Rs 1,910 Mn in 2007-08, giving a CAGR of 19.1%.
As at 31st March 2008, the issued and paid up capital of Britannia
amounts to 23, 890,163 equity shares having a nominal value of Rs 10
each. The shareholder base is about 25,300 in number.
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