BIL makes turnover of Rs 2317 cr during 2006-07

Kolkata, Sep 19 (UNI) Britannia Industries Limited (BIL) achieved a turnover of Rs 2317 crores during 2006-O7 and was focussing on enhancing capability in product, process and technology innovation to drive its growth objectives.

Addressing mediapersons here today, BIL Managing Director Vinita Bali said during the last fiscal biscuit sales crossed Rs 2000 crores while bread, cake and rusk sales grew 54 per cent taking that portfolio to Rs 200 crores.

Ms Bali said the overall export of the food products grew 63 per cent during the year.

'' We will leverage our brands, capabilities, assets and infrastructure to make people in India and overseas 'eat healthy and think better','' she said.

Ms Bali informed that the company made its first ever overseas acquisition by creating a partnership with the Khimji Ramdas Group, one of the largest business groups in the Middle East.

'' The company believe in the long term potential and viability of the business and therefore see the huge commodity inflation of last year as a reality that must be addressed. To that extent several initiatives were implemented both in terms of revenue realisation and cost reduction which started improving profitability from the last quarter of the year,'' Ms Bali observed.

She also informed that the company was rated as the second best FMCG company in the country in a survey.

UNI