Britannia MD on demand amid pandemic
New Delhi: Britannia Industries, the country’s largest listed cookies maker, reported a slowdown in the sale of at-home items in the September quarter after stockpiling in the immediate aftermath of the lockdown drove sales in the previous three-month period.But Britannia also witnessed a moderate increase in the sale of out-of-home consumption items in the three months to September as the economy was unlocked in phases.“Diversified spending has started. There is a little bit of down-trading that we are seeing in the market. There is pent-up demand for non-essential items,” managing director Varun Berry said in an investors’ call.Britannia was the biggest…
