Britannia Industries Ltd is planning a capital expenditure of between Rs 150 crore and Rs 200 crore over the next two years.
According to the Britannia Industries Chairman, Nusli Wadia, the company aims to be the number one player in the biscuits segment over the next three years.
Currently, Parle occupies the number one slot.
Speaking to shareholders during the company’s annual general meeting here in the city, Wadia said the cap-ex is likely to be made on upgradation and innovation and for creating new capacities.
The company, Wadia said, had gained market share by 1.2 per cent. “In three years we want to be the market leader,” he said.