Britannia Q1 net profit drops 29% to Rs 387 cr

Home-grown food company Britannia Industries reported a 29 per cent decline in consolidated net profit at Rs 387 crore for the quarter ended June 30. The company had posted a consolidated net profit of Rs 543 crore for the April-June period of previous fiscal. Total income during the first quarter stood at Rs 3,464 crore, […]

Team visits Gujarat to study food processing units

As part of the State government’s plans to establish agriculture and food processing industries on a large scale, a delegation led by Agriculture Minister S. Niranjan Reddy visited a peanut butter making unit at Oran in Sabarkantha district of Gujarat. During his Gujarat visit, the Minister stated that Telangana was known for quality and aflatoxin-free […]

LT Foods consolidated net profit in Q1 falls to Rs 76 cr

Consumer food company LT Foods on Friday reported an 8.43 per cent decline in consolidated profit after tax at Rs 76 crore in the quarter ended June. The company’s consolidated profit after tax stood at Rs 83 crore in the same period a year ago, LT Foods said in a BSE filing. Total revenue of […]

Chai Waale bags Rs 5 crore from angel investors

Chai Waale, a beverage brand in the quick service restaurants (QSR) space on Friday announced that it has secured financing worth Rs 5 crore from marquee angel investors. The round saw participation from existing and new investors. The company said that the funding will promote physical and strategic expansion of Chai Waale throughout the city. […]