Britannia Industries Ltd, country's top biscuit manufacturer, on Monday got Rs 220 million from France's Danone to resolve a conflict over the Tiger brand.

Ms. Vinita Bali, MD, stated that Danone has paid Rs 220 million as fee for utilizing the Tiger brand. Also all the IPR issues on Tiger, were settled with Kraft, with Britannia ensuring to legalize rights to its Tiger logo across the world.

As an effect of the increasing sugar costs, many consumer companies have decided to import sugar to fulfill the demand of the raw material.

She also added that domestic sugar is now selling at Rs 32-33, as compared to Rs 16-17 last year. Government has permitted the import of sugar only in the previous 3-4 weeks, so the company is waiting to import sugar to fulfill the demands of raw material.

According to Ms. Bali, margins would be a challenge as prices of food commodities go higher.

Shares of Britannia Industries, on Monday, closed at Rs 1,647.05, down 0.68% or Rs 11.35. The total quantity of shares traded was 633 on the BSE.