Britannia Industries has rallied 7% to Rs 941 on BSE after reporting a robust 66% year-on-year (yoy) jump in its consolidated net profit at Rs 98 crore for the second quarter ended September 30, 2013 (Q2). The company had posted a profit of Rs 59 crore for the same quarter in the previous fiscal.
The company's net sales increased to Rs 1,740 crore in the July-September quarter, up 13% from Rs 1,543 crore during the same period last year, Britannia Industries said in a filing to the BSE.
EBITDA or operating profit margin rose by 435bps on a yoy basis to 8.6% on account of superior mix, better realization and efficient cost management.
The stock opened at Rs 927 and touched high of Rs 949 so far. A combined around 150,000 shares have changed hands on the counter in early morning deals on BSE and NSE.
The company's net sales increased to Rs 1,740 crore in the July-September quarter, up 13% from Rs 1,543 crore during the same period last year, Britannia Industries said in a filing to the BSE.
EBITDA or operating profit margin rose by 435bps on a yoy basis to 8.6% on account of superior mix, better realization and efficient cost management.
The stock opened at Rs 927 and touched high of Rs 949 so far. A combined around 150,000 shares have changed hands on the counter in early morning deals on BSE and NSE.