Godrej Industries and Britannia Among the Top Gainers in FMCG

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Godrej Industries and Britannia Among the Top Gainers in FMCG

FMCG stocks Godrej Industries, as per the BSE was -0.59 % (up 3.01 percent), Britannia BSE 0.43 % Industries (up 1.42 percent) and United Breweries (up 1.13 percent) were trading in the green in Thursday’s trade, keeping the Nifty FMCG index up.

The Nifty FMCG index was trading 0.21 per cent up at 27,267 around 01:40 pm (IST).
Godrej has a patronage of 1.1 billion consumers globally across consumer goods, real estate, appliances, agriculture and many other businesses. With revenue of over USD 4.1 billion, we are growing fast, and have exciting ambitious aspirations. Our Vision for 2020 is to be 10 times the size we were in 2010.

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According to the research firm Nielsen, Britannia commands 30 percent market share in the Rs 27,000-crore biscuit category in which it competes with Parle and ITC’s Sunfeast.

 

Brittania company which was founded in 1892 and has a presence in biscuits, breads, dairy, cakes and rusk categories entered into an exclusive tie-up with Amazon in 2014 to sell its product on the latter website such as Good Day Chunkies, a super-premium chocolate chip cookie.

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Approximately 23 percent of the promoter holding in the Godrej Group is held in trusts that invest in the environment, health and education through Good & Green strategy of ‘shared value’ to create a more inclusive and greener India.

 

Shares of Colgate-Palmolive (India) (up 0.74 per cent), Hindustan UnileverBSE -0.29 % (up 0.33 per cent), Godrej Consumer ProductsBSE 0.46 % (up 0.21 per cent), ITC (up 0.15 per cent), Dabur IndiaBSE -0.06 % (up 0.11 per cent) and Jubilant FoodworksBSE 0.31 % (up 0.10 per cent) were also trading with gains.

 

(Source: Economic Times)

 

 

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