Britannia Industries Limited (BIL) has finally called it a day to regroup, rethink and revitalize their out of commission subsidiaries.

Not exactly the operations, there’re just doing an all fine duty. It’s about the 20 subsidiaries that the biscuit and dairy giant has folded up in its sleeve.

In his dialogue addressing shareholders at the 92nd annual general meeting of the company, Britannia’s Chairman Nusli Wadia revealed that the Company holds far too subsidiaries, which is not a fine thing indeed, and is cut across them.

The Company reportedly holds three front-end subsidiaries, which manage the dairy, the daily bread and the operations in the Middle East.

In addition, there are contract packers and investment firms like Flora Investments, Boribunder Finance and Gilt Edge Finance. So, Britannia is showing intent to phase out or consolidated accordingly.

Britannia is also mulling a right location in the western part of the country for its project ‘Greenfield’. The biscuit maker is really saving a cake for himself, Britannia’s net profit in June quarter was on the sky with a towering increase of 27% at Rs42 crore, while sales escalated 21% to Rs1,106 crore.

Though Britannia is reeling under the pressure due to food inflation, it is focused on improving its margins.

Britannia will reportedly invest somewhere around Rs 200 crore in the installation of four ‘Greenfield’ fabrication units to ramp up the capacity and withstand the top-notch development in the bakery business.