Britannia Industries, India’s largest Bakery Foods Company, announced that the Treat Croissant business has crossed Rs. 100 crores in revenues in this financial year, within a year of its national roll-out nationwide. Treat Croissant is manufactured at Britannia’s manufacturing facility and the recipe has been customized to cater to the Indian palette.
Commenting on the Rs. 100 crore milestone, Varun Berry, executive vice chairman and managing director, Britannia Industries, said, “We continue to make steady progress on our snacking business in line with our vision to be a responsible global total foods company.
Our play in the croissant category is on a firm footing now, and we believe there is tremendous growth headroom. We will be looking to develop the nascent category through consumer-led franchise building and popular flavor extensions. Our target is to hit the Rs. 300 Crore mark in three years.”
Yudhishter Shringi, chief business officer, Adjacency Business, Britannia Industries, added, “Consumers have responded favorably to the taste and convenience of Treat Croissants. All three flavors – cocoa crème, vanilla crème, and mixed fruit- resonated with consumers.
The growing adoption of Indian consumers to western food trends and the increasing demand for ready-to-eat snacks, especially among GenZ and millennials, indicate that Treat Croissants is positioned to grow significantly. We will continue to create more awareness for the category while communicating Treat Croissant’s distinct proposition to consumers and making the brand accessible to more consumers through our robust omnichannel distribution network.”
Through Treat Croissant, Britannia aims to bring world-class product experiences to consumers at affordable prices. The snacking market in India is driven by numerous factors such as a large young population, evolving aspirations, changing lifestyles, the need for convenience and an inclination to experiment with newer food formats.
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