Digestive Biscuit dispute: ITC filed case against Britannia
ITCs sunfeast farmlite digestive packaging claims No added sugar, maida and that it contains fibre. While Britannias NutriChoice Digestive too has similar branding slogans which says 0 per cent added sugar, maida and contains high fibre. These two products are priced also at same price.
ITC finally announced that it has filed a suit against Britannia before Delhi High Court as Britannia copied the trade dress and colour combination of ITC's digestive biscuit.
It said in the statement,"Britannia's Nutrichoice Digestive Zero biscuits packages are branded exactly the same just like ITC's Sunfeast Farmlite Digestive All Good biscuit packages."
The case was filed by ITC on August 20 and the matter did come up for hearing before Delhi court on August 22 and August 24.
The next day of hearing is set on August 31, 2016, and no juntion has been granted as of now to Britannia.
Right after they accepted the alleged news was true, the investors reacted negatively towards it on Indian markets.
Shares of ITC was trading flat at Rs 254.05 from it previous closing. Nearly 2.58 lakh shares have been exchanged by investors in early trading.
While Britanni was on hotbed, slumping by Rs 58 or 1.67% to Rs 3402.40. The stock opened at Rs 3460.50 unchanged from its previous closing.
ITC's sunfeast farmlite digestive packaging claims 'No added sugar, maida' and that it contains 'fibre'. While Britannia's NutriChoice Digestive too has similar branding slogans which says '0 per cent added sugar, maida' and contains 'high fibre'. These two products are priced also at same price.
As it is sub-judice matter, Britannia denied to comment on it further.
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