Britannia Bel Foods will focus only on value-added products in the milk segment in the domestic market. Get more Companies News and Business News on Zee Business.
Get latest articles and stories on Latest News at LatestLY. Bakery foods company Britannia Industries expects its cheese products business to grow around five-fold in the next five years to touch around Rs 1,250 crore. Latest News | Britannia Aims Five-fold Growth in Cheese Business in Next 5 Yrs.
As part of the agreement, Bel will acquire 49% of Britannia Dairy Pvt. Ltd (BDPL), with Britannia Industries owning the remaining 51% stake in the joint venture. The entity will be renamed Britannia Bel Foods Pvt. Ltd.