This paper discusses introduction, classification and detailed financial statement analysis and financial ratio analysis and their interpretation of food Industry company. Britannia Industries Limited is purposively selected for the study. The study is purely quantitative. Secondary data is used for the study. The liquidity, activity ratios showed a decreasing trend, whereas solvency, profitability ratios showed increasing trend for the selected period of 2017-18 to 2021-22. At last, the paper has concluded that the company’s overall financial performance and position has been improved over the past five years.

The rapid growth in milk supply of India and modernization of dairy is largely credited to the contribution of dairy co-operatives. Karnataka is the ninth largest milk producing state in the country and contribute for about 4.1 per cent of the total milk production in the country. Among the 30 districts of the state, Shivamogga ranks ninth in milk production with a contribution of 3.81 per cent to the total state milk production in the state. The study analysed the business performance of Shivamogga Milk Union Limited (SHIMUL) in Karnataka state in terms of physical and financial indicators using the data pertaining to the decade period ending 2017-18. Data were analysed using the standard descriptive statistics and financial ratios. The results of the study indicated positive annual compound growth rate (CAGR) for all the physical and financial performance indicators. The liquidity ratio of the Union revealed sufficient liquid assets to meet its current obligations as revealed by current ratio (>2) and quick ratio (>0.95). The inventory turnover ratio (39.93) and the gross profit ratio showed satisfactory turnover and profit on every rupee worth of its sales.