Britannia Bel Foods, a joint venture between Britannia Industries Ltd. and the France-based Bel Group, has inaugurated a new local cheese manufacturing facility in Ranjangaon, Maharashtra.
This͏͏ facility,͏͏ dedicated͏͏ to͏͏ producing͏͏ Britannia͏͏ The͏͏ Laughing͏͏ Cow͏͏ cheese͏͏ products,͏͏ reflects͏͏ the͏͏ company’s͏͏ commitment͏͏ to͏͏ delivering͏͏ high-quality,͏͏ locally͏͏ made͏͏ dairy͏͏ products͏͏ to͏͏ Indian͏͏ consumers,͏͏ as͏͏ stated͏͏ in͏͏ a͏͏ press͏͏ release.
Leveraging͏͏ Maharashtra’s͏͏ Strong͏͏ Dairy͏͏ Ecosystem:
The͏͏ new͏͏ factory͏͏ is͏͏ strategically͏͏ positioned͏͏ in͏͏ Maharashtra,͏͏ a͏͏ leading͏͏ state͏͏ in͏͏ milk͏͏ production,͏͏ leveraging͏͏ its͏͏ strong͏͏ dairy͏͏ ecosystem.͏͏ As͏͏ noted͏͏ in͏͏ the͏͏ release,͏͏ the͏͏ plant͏͏ will͏͏ draw͏͏ approximately͏͏ 4͏͏ lakh͏͏ litres͏͏ of͏͏ cow’s͏͏ milk͏͏ each͏͏ day͏͏ from͏͏ over͏͏ 3,000͏͏ local͏͏ farmers.
The͏͏ new͏͏ greenfield͏͏ factory,͏͏ with͏͏ a͏͏ significant͏͏ investment͏͏ of͏͏ nearly͏͏ INR͏͏ 220͏͏ crore,͏͏ features͏͏ advanced͏͏ technology͏͏ and͏͏ five͏͏ production͏͏ lines͏͏ that͏͏ can͏͏ produce͏͏ approximately͏͏ 16,000͏͏ tonnes͏͏ of͏͏ cheese͏͏ annually,͏͏ according͏͏ to͏͏ the͏͏ release.
Continue͏͏ Exploring:͏͏ Britannia partners͏͏ with͏͏ Google͏͏ Cloud͏͏ and͏͏ Mindshare͏͏ to͏͏ launch͏͏ AI-powered͏͏ recipe͏͏ creation͏͏ platform
The͏͏ factory͏͏ will͏͏ produce͏͏ the͏͏ complete͏͏ range͏͏ of͏͏ Britannia͏͏ The͏͏ Laughing͏͏ Cow͏͏ products,͏͏ including͏͏ slices,͏͏ blocks,͏͏ spreads,͏͏ and͏͏ diced͏͏ cheese.
“This͏͏ plant͏͏ signifies͏͏ our͏͏ dedication͏͏ to͏͏ delivering͏͏ premium,͏͏ locally͏͏ produced͏͏ cheese͏͏ that͏͏ meets͏͏ the͏͏ highest͏͏ standards͏͏ of͏͏ quality͏͏ and͏͏ innovation,”͏͏ stated͏͏ Abhishek͏͏ Sinha,͏͏ CEO͏͏ of͏͏ Britannia͏͏ Bel͏͏ Foods.͏͏ He͏͏ expressed͏͏ optimism͏͏ that͏͏ this͏͏ initiative͏͏ would͏͏ bolster͏͏ the͏͏ cheese͏͏ business͏͏ in͏͏ India,͏͏ offering͏͏ consumers͏͏ an͏͏ exceptional͏͏ cheese͏͏ experience͏͏ tailored͏͏ to͏͏ their͏͏ evolving͏͏ tastes.
Shares͏͏ of͏͏ Britannia͏͏ Industries͏͏ dropped͏͏ by͏͏ as͏͏ much͏͏ as͏͏ 2.17%͏͏ to͏͏ Rs͏͏ 6,070͏͏ each.͏͏ However,͏͏ they͏͏ reduced͏͏ their͏͏ losses͏͏ to͏͏ close͏͏ 1.73%͏͏ lower͏͏ at͏͏ Rs͏͏ 6,097.25͏͏ per͏͏ share,͏͏ compared͏͏ to͏͏ a͏͏ 0.12%͏͏ decline͏͏ in͏͏ the͏͏ NSE͏͏ Nifty͏͏ 50͏͏ Index.
It͏͏ has͏͏ increased͏͏ by͏͏ 14.21%͏͏ year-to-date.͏͏ The͏͏ total͏͏ traded͏͏ volume͏͏ for͏͏ the͏͏ day͏͏ was͏͏ 1.36͏͏ times͏͏ its͏͏ 30-day͏͏ average.
Of͏͏ the͏͏ 38͏͏ analysts͏͏ monitoring͏͏ the͏͏ company,͏͏ 20͏͏ have͏͏ a͏͏ ‘buy’͏͏ rating,͏͏ 12͏͏ recommend͏͏ a͏͏ ‘hold,’͏͏ and͏͏ six͏͏ suggest͏͏ a͏͏ ‘sell,’͏͏ according͏͏ to͏͏ Bloomberg͏͏ data.͏͏ The͏͏ average͏͏ 12-month͏͏ consensus͏͏ price͏͏ target͏͏ indicates͏͏ a͏͏ potential͏͏ downside͏͏ of͏͏ 0.7%.
