Britannia Industries Limited CC-Nov25.pdf · 2025-11-07
Thanks. Good morning. Three questions. So, Varun, firstly, your statement that it is lull before storm and a very aggressive top-line growth, is it based on the 10% to 13% grammage addition which will happen in the LUP and that's a very large portion of the Biscuit's portfolio or is it based on the complia nce levels improving in the local players because (+500) players at 5 % GST rate, the risk reward of not being compliant is not favorable. Do you see market share gains for you from the local players because of the GST rate and compliance? Which is the bigg er reason?
One or two follow-ups here. You mentioned on the Tiger relaunch Tiger Doodh, etc. So, to fight against the local players, yes, GST is definitely going to help you. But now do you need a more flanking price warrior kind of a product? I know Tiger is that only but Tiger Relaunch, I wanted to understand the thought and on your statement that in modern trade some of the national players are getting a bit more aggressive and till now you have not seen much of an impact but if you could elaborate why there is not much of impact, I wanted to understand.