Britannia Annual Report 2015 16

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Britannia Annual Report 2015 16,BOARD OF DIRECTORS. Mr Nusli N Wadia,MANAGING DIRECTOR,Mr Varun Berry,Mr A K Hirjee. Mr Avijit Deb,Mr S S Kelkar,Mr Nimesh N Kampani,Mr Jeh N Wadia. Mr Keki Dadiseth,Dr Ajai Puri,Mr Nasser Munjee,Mr Ness N Wadia. Dr Vijay L Kelkar Upto 31 May 2016,Mrs Ranjana Kumar.
MANAGEMENT TEAM,Mr Amlan Datta Majumdar Chief Financial Officer. Mr Vinay Singh Kushwaha Vice President Supply Chain. Mr Manjunath Desai Vice President Strategy Business Development. Mr Sudhir Nema Vice President R D and Quality,Mr N Venkataraman Vice President Finance. Mr Gunjan Shah Vice President Sales and Bread Business. Mr Ali Harris Shere Vice President Marketing,Mr Ritesh Rana Vice President Human Resource. Mr Anindya Dutta Vice President International Business. Mr Manoj Balgi Head Procurement,Mr Sarad Garodia Head Dairy Business. COMPANY SECRETARY,Mr Rajesh Arora,B S R Co LLP,Chartered Accountants.
Maruthi Info Tech Centre,11 12 1 Inner Ring Road Koramangala. Bangalore 560 071,Bank of America N A Indian Bank, Bank of Tokyo Mitsubishi UFJ Standard Chartered Bank. Citibank N A State Bank of India, HDFC Bank Limited The Hongkong and Shanghai Banking Corporation Limited. ICICI Bank Limited The Royal Bank of Scotland N V,Corporate Identity Number L15412WB1918PLC002964. Registered Office 5 1A Hungerford Street Kolkata 700 017. Executive Office Prestige Shantiniketan The Business Precinct Tower C 16th 17th Floor. Whitefield Main Road Mahadevpura Post Bangalore 560048. Phone 033 22872439 2057 080 39400080 Fax 033 22872501 080 25063229. Website www britannia co in E mail ID investorrelations britindia com. Britannia Annual Report 2015 16,Financial Highlights 01.
Report of the Directors Annexures 02, Information on Subsidiary and Associate Companies 46. Management Discussion and Analysis 48,Report on Corporate Governance 53. Business Responsibility Report 72,Independent Auditor s Report 80. Balance Sheet 84,Statement of Profit and Loss 85,Cash Flow Statement 86. Notes to Financial Statements 88, Independent Auditor s Report on the Consolidated Financial Statements 133.
Consolidated Balance Sheet 138,Consolidated Statement of Profit and Loss 139. Consolidated Cash Flow Statement 140,Notes to Consolidated Financial Statements 142. Significant Ratios 178,Ten Year Financial Statistics 2007 2016 179. Britannia Annual Report 2015 16,FINANCIAL HIGHLIGHTS. in Crores 2015 16 2014 15 Change,STANDALONE,Net Sale of Products 7 868 89 7 100 46 11.
Profit from Operations 1 044 93 654 23 60,Shareholders Funds 1 700 16 1 235 62 38. Capital Expenditure 220 98 88 04 151, Profit Before Exceptional Items and Tax 1 141 89 740 55 54. Profit Before Tax 1 131 56 882 61 28,Net Profit 749 09 622 41 20. Cash Profit 835 98 739 68 13,Per Equity Share Nominal value of 2 each. Earnings Basic 62 44 51 90 20,Dividend 20 00 16 00 25.
Dividend Tax 24 07 19 26 25,CONSOLIDATED,Net Sale of Products 8 607 06 7 775 09 11. Profit from Operations 1 113 12 719 43 55,Profit Before Tax 1 197 90 949 59 26. Net Profit 806 11 688 64 17,Britannia Annual Report 2015 16. REPORT OF THE DIRECTORS, The Directors present their Report together with the 2 OVERVIEW OF COMPANY PERFORMANCE. financial statements for the financial year ended 31 March. In an economic environment wherein revenue,growth in the FMCG sector has slowed down.
1 FINANCIAL RESULTS your Company achieved a sales growth of 11 4. in Crores and added 828 55 Crores to sales Your Company. focused on profitability capital productivity and,Particulars Year ended Year ended. working capital management to generate cash,31 March 2016 31 March 2015. flow from operating activities of 877 69 Crores,Sale of Products 8 097 81 7 269 26. compared to 515 33 Crores in the previous year, Other Operating 79 01 75 53 Earnings per share of 2 each increased from. 51 90 to 62 44,Other Income 98 21 87 53, Profit from Operations 1 044 93 654 23 During the year your Company focused on product.
PBT before other innovation brand building and distribution to grow. income finance costs and faster than the market Your Company s brands have. exceptional items become iconic over time due to the combination of. Profit before exceptional 1 141 89 740 55 superior product and endearing communication. items and tax,Your Company s focus on building new capabilities. Exceptional Items 10 33 142 06 and a robust pipeline of innovation resulted in new. Profit Before Tax 1 131 56 882 61 launches in the form of Pure Magic Chocolush. Less Tax Expense 382 47 260 20 Pure Magic Choco Deuce Tiger Glucose Chocolate. Net Profit 749 09 622 41 and Tiger Cashew Cookies Coupled with leading. Add Profit brought 811 07 491 15 edge go to market approaches these innovations. forward tap new sources of growth and profitable revenue. Profit available for 1 560 16 1 113 56 while building brand differentiation and relevance. appropriation, Less Proposed Dividend 239 95 191 88 Your Company has been making focused efforts to. Less Tax on Proposed 48 85 39 06 balance cost quality and aspiration in its brand for. Dividend consumer affordability Cost effectiveness has been a. Less Dividend including 0 10 key pillar of your Company s value creation strategy. tax on dividend on and this was achieved through scale in operations. equity shares issued technology interventions and wastage reduction in. under ESOS after the value chain along with efficient management. the year end of working capital Your Company will continue. Less Transfer to General 74 91 62 24 and intensify the thrust on cost effectiveness in the. Reserve coming year as well,Less Additional 9 31,Trend lines of key performance parameters are. depreciation due to,shown in the tables below,revision in useful. life of Fixed Assets Performance Trends,as per Companies in Crores.
Act 2013 Net of 9 000 1 200,Profit from Operations Net Cash Flow. Deferred tax 1 000,from Operating Activities,Balance carried forward 1 196 35 811 07. Sale of Products,to Balance Sheet 5 000,Net Cash Flow from 877 69 515 33 4 000. Operating Activities 3 000 400, Includes Additional bonus provision made as per amendments to the 2 000. Payment of Bonus Act 1965 of 10 33 Crores Previous year Profit 1 000. on sale of land building of 159 92 Crores provision for diminution 0 0. in value of investments in Daily Bread Gourmet Foods India Private 2011 12 2012 13 2013 14 2014 15 2015 16. Limited of 4 Crores and Voluntary Retirement Scheme VRS related. cost to all workmen at Delhi factory of 13 86 Crores Sale of Products Profit from Operations Net Cash Flow from Operating Activities. Britannia Annual Report 2015 16,Net Profit Cash Profit and EPS.
Year ended Year ended,in Crores Particulars,31 March 2016 31 March 2015. EPS Nominal value of 2 each,Net Profit Cash Profit. 800 60 Sale of Products 8 835 98 7 944 18,600 40 Other Operating Revenues 71 79 83 33. 20 Other Income 99 98 87 96,200 10 Profit from Operations. 2011 12 2012 13 2013 14 2014 15 2015 16 PBT before other. 1 113 12 719 43,income and finance,Net profit Cash Profit EPS costs.
Profit before Tax 1 197 90 949 59,3 DIVIDEND,Net Profit 806 11 688 64. The Board of Directors are pleased to recommend SUBSIDIARIES ASSOCIATES. a dividend of 1000 on the paid up equity share Pursuant to the provisions of Section 129 3 of. capital of the Company which amounts to 20 per the Companies Act 2013 read with the rules. share face value 2 per share for consideration and made thereunder a statement containing the. approval by the Members at the Annual General salient features of the financial statements of our. Subsidiaries and Associates in the Form AOC 1 is,Meeting The total dividend payout amounts to. annexed and form part of this Report,288 80 Crores including dividend distribution tax. The statement provides the details of performance, of 48 85 Crores and financial position of each of the Subsidiaries. 4 CONSOLIDATED FINANCIAL RESULTS and Associates Your Company does not have any. Material Subsidiary as defined under Regulation, Your Company has prepared Consolidated Financial 16 1 c of SEBI LODR Regulations 2015 as on.
Statements in accordance with Accounting 31 March 2016. Standard 21 Consolidated Financial Statements In accordance with Section 136 of the Companies. prescribed under Section 133 of the Companies Act Act 2013 the audited financial statements. including the consolidated financial statements,2013 read with Rule 7 of the Companies Accounts. audited accounts of all the subsidiaries and other. Rules 2014 The Consolidated Financial Statements documents attached thereto are available on our. reflect the financial position of the Company and website www britannia co in. those of its Subsidiaries and Associates As required Your Directors present herewith a broad overview. by Regulation 34 of the SEBI Listing Obligations of the operations and financials of Subsidiaries and. and Disclosure Requirements Regulations 2015 Associates of your Company. hereinafter referred to as SEBI LODR Regulations Britannia Dairy Private Limited BDPL. 2015 the Audited Consolidated Financial The Dairy business of the Company was favourably. Statements together with the Independent Auditor s impacted by softening in milk price during the year. The Company registered a turnover of 322 25,Report thereon are annexed and form part of this. Crores compared to 329 48 Crores in the previous, Annual Report year The business achieved a Net Profit of 34 02. Consolidated Sale of Products of your Company Crores compared to 29 47Crores in the previous. year a growth of 15 4,for the financial year ended 31 March 2016 was. Daily Bread Gourmet Foods India Private Limited,8 835 98 Crores compared with 7 944 18.
Daily Bread,Crores in the previous year a growth of 11 2. Daily Bread is a manufacturer of premium gourmet, Consolidated Net Profit for the year ended 31 March. bakery products including specialty breads cakes, 2016 was 806 11 Crores compared with 688 64 pastries and cookies Its operations are largely. Crores in the previous year a growth of 17 1 confined to Bangalore The turnover of Daily Bread. Britannia Annual Report 2015 16, was 9 88 Crores compared to 15 75 Crores in the Investment Companies. previous year Loss for the year was 1 96 Crores Boribunder Finance and Investments Private. compared to 3 50 Crores in the previous year Limited Boribunder Flora Investments Company. During the year under review the Board of Directors Private Limited Flora and Gilt Edge Finance and. of Daily Bread and Britannia Industries Limited Investments Private Limited Gilt Edge form the. BIL have approved the Scheme of Arrangement for Investment Subsidiaries of your Company The. Demerger of Manufacturing and Retail Sales Business combined revenue and profit of the Investment. of Daily Bread into BIL Both the Companies are in the Subsidiaries for the financial year ended 31 March. process of obtaining final approvals from the respective 2016 was Nil and 0 16 Crores respectively. High Courts and other statutory authorities Further the following Companies engaged in. Strategic Foods International Co LLC Dubai manufacturing of biscuits at various locations are. SFIC also Subsidiaries of your Company The Revenue. SFIC sales increased by 21 6 at AED 24 15 Crores from Operations Net Sales and Net Profit of the. 430 64 Crores compared with AED 19 86 Crores said Subsidiaries for the financial year ended 31. 330 65 Crores for the previous year SFIC posted March 2016 are as under. a net profit of AED 1 13 Crores 20 10 Crores as in Crores. compared to AED 1 94 Crores 32 34 Crores in Revenue. the previous year from Net Profit,Name of Subsidiary.
Al Sallan Food Industries Co SAOC ASFI Operations Loss. ASFI sales are primarily to SFIC and for the year Net Sales. ended 31 March 2016 closed at RO 1 23 Crores International Bakery. 208 78 Crores as compared to RO 1 02 Crores Products Limited 34 12 0 76. 162 20 Crores for the previous year It posted a J B Mangharam. net profit of RO 3 48 lakhs 5 92 Crores against Foods Private. a net profit of RO 0 20 lakhs 0 32 Crores in the Limited 35 57 0 45. previous year,Manna Foods Private, Britannia and Associates Mauritius Private Limited 36 53 1 33. Limited Mauritius BAMPL,Ganges Vally Foods, BAMPL a Company formed in Mauritius is a wholly Private Limited 19 18 0 07. owned subsidiary of your Company and is the,Sunrise Biscuit. holding Company of Britannia and Associates Dubai,Company Private. Private Company Limited a Jebel Ali Free Zone,Limited 147 51 0 21.
Offshore Company which in turn holds investments, in Strategic Foods International Co LLC Dubai Welfare Companies. Al Sallan Food Industries Co SAOC Oman and Britannia Employees General Welfare Association. Strategic Brands Holding Company Limited Dubai Private Limited Britannia Employees Educational. a Jebel Ali Free Zone Offshore Company Welfare Association Private Limited and Britannia. The combined revenue and loss of holding Employees Medical Welfare Association Private. Companies for the year ended 31 March 2016 was Limited are three of the other Subsidiaries of. USD 0 06 Crores 3 80 Crores and USD 0 004 your Company These are Companies limited by. Britannia Annual Report 2015 16 2 The Directors present their Report together with the financial statements for the financial year ended 31 March 2016 1 FINANCIAL RESULTS in Crores Particulars Year ended 31 March 2016 Year ended 31 March 2015 Sale of Products 8 097 81 7 269 26 Other Operating Revenues 79 01 75 53 Other Income 98 21 87 53

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