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Britannia restructures for enhanced growth

Britannia restructures for enhanced growth

Author | exchange4media News Service | Tuesday, May 28,2013 7:24 PM

Britannia restructures for enhanced growth

Close on the heels of reporting 48.6 per cent increase in net profit to Rs 92 crore for the fourth quarter ended March 31, 2013, Britannia Industries has announced key organisational changes that will enhance the company’s position to become an all-embracing food company from a bakery/ dairy company. The company also intends to aggressively scale up its international operations and at the same time increase focus on its large and profitable India operations with a view to growing scale and market share in the face of increased competition.

The India operations will be led by COO Varun Berry, who recently joined the company. He has 27 years of experience with leading companies such as Hindustan Unilever and PepsiCo Foods. His last assignment was with PepsiCo Foods India as CEO.

MD Vinita Bali will focus on International Business, Britannia Nutrition Foundation and New Business Development so as to create adjacencies and new opportunities.

Nusli Wadia, Chairman, Wadia Group commented, “With these changes, we are preparing Britannia for high growth in its India operations by catering to the changing food habits of the evolving Indian consumer and pursuing opportunities for growth in the overall food domain, here and abroad.”

Vinita Bali added here, “The new structure will help Britannia grow faster in India, while it also focuses on growth in the international markets and addresses new business opportunities for the company.”

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