India

The 2022 ban was imposed due to a smaller harvest, rising inflation, and food security concerns.

The new products offer a wide range of options, from lighter baked snacks for health-conscious consumers to indulgent cakes, wafers, and bite-sized treats favoured by younger customers and families.

This move is part of Britannia’s strategic efforts to strengthen its executive team and position itself for robust growth in the competitive fast-moving consumer goods (FMCG) sector.

Industry sources attribute the decline primarily to ample inventories in Indian ports and warehouses, which hold over 1.2 million tonnes of edible oils, reducing the urgency for fresh imports.

This robust top-line growth was driven by volume expansion and strength in the edible oils and industry essentials segments.