It looks like Britannia biscuits have gotten sweeter over the years.
- They want to keep up with the competition
- They want to keep their prices competitive
- They want more sales, but keep their margins too
The only possible way to increase their margin?
Increase % of sugar.
Sugar is the cheapest product amongst all the ingredients that biscuit manufacturers use.
Palm oil prices have skyrocketed, from 58-59 rupees per liter 1.5 years back to 110-120 rupees today.
Sugar prices on the other hand have grown only like 10% or so from 33 to 36 per kg.
Anytime you have a recipe with sugar, the one ingredient you can increase to decrease all other ingredient proportions is sugar.
You can use some chemical/artificial agents to mask the taste of sugar from being too overpowering.
When it comes to Britannia biscuits, we all feel that the quality their biscuits had 10-15 years back was immensely superior.
I think the reason is because they have changed their recipes to suit their costs and margins compromising the quality.
Today, almost all Britannia biscuits have over ~30% sugar in their products. With some products, this % is even more.
I am not sure if the information they declare as part of their packaging and the actual recipe are reflective of each other.
AMUL biscuits aren't available in Chennai, at least where I live. But I have heard that they are very very good.
So, if you intend to consume biscuits, consume from a brand which doesn't compromise on the quality.
But, at the end of the day, it's all Maida. Nothing good.
The way these companies are battling it out by masking the real nature of their products using fineprint, and spoiling the health of consumers, for their greed - is just unethical.
I can point out so many problems with today's food industry.
Do you keep your gold assets in bank locker? You are probably paying some fees every year for your lockers.
Instead, what if you could get a locker for free?
What if I said banks would pay you to keep your gold assets safe?
Time for a thread. 👇👇👇
1/ The major issue with having gold in bank lockers is
- You pay hefty fees on an annual basis to the bank.
- The lockers aren't insured
- There's no real safety/security in case of theft or an unfortunate event.
Is there a work around?
Yes.
Enter "Gold Monetisation Scheme".
2/ GOI introduced the Gold Monetisation Scheme in 2015. The main objective was to cut down India's gold imports.
How it works:
You deposit your gold in bank.
They keep it safe for a fixed number of years.
You get it back as physical gold or cash on maturity.
It looks like every symptom on Google search leads to cancer.
So, when you have a symptom that Google screams CANCER, should you be afraid?
Before I answer that for you, let's talk about Occam's Razor and how you can use it to simplify your life.
Let's dive in. 👇👇👇
1/ In the early 1900s, two physicists studied space and time and arrived at a similar conclusion: things tend to go a little bonkers within the space-time continuum.
Ex: The closer we get to moving at the speed of light, the more we slow down.
2/ Both the scientists arrived at the same results through their equations & derivations. But both had different explanations.
One suggested that the phenomenon was due to the changes that took place within "the ether". Another didn't refer to the ether at all.
Stories like these are why most people start a business.
And they are all wrought with survivorship bias.
Be very careful while getting inspired by such stories. Always ask, "how many edu-businesses started with Aakash and failed?" before you consider starting one of your own.
I am not discouraging you from starting a business.
By all means, start a business. That's one of the ways to the promised land of wealth.
But don't start a business because you're inspired by the success stories on media.
No founder comes up to media to discuss failure.
Failure stories also don't work that well commercially and don't provide enough fodder for media ratings.
Nobody discusses failure publicly. Very few are transparent enough to do that.
Also, if you're reading this, understand this first.
Trading and Investing should NEVER be undertaken as a "for a living" kind of a full time profession unless you have a steady inflow of cash through other means.
Have a job. Keep building skills and learning.
Holding on to a day job or other businesses that bring in money frees you from the pressure of making money in the markets - which is the NUMBER 1 source of stress that leads to making impulsive decisions.