Britannia Industries Q3 net up 19.6% to Rs 263.65 crore

Image
Press Trust of India New Delhi
Last Updated : Feb 12 2018 | 7:55 PM IST
FMCG major Britannia Industries today reported 19.60 per cent increase in its consolidated net profit at Rs 263.65 crore for the third quarter ended December 2017.
The company had posted a net profit of Rs 220.44 crore in the October-December period a year ago, Britannia Industries said in a BSE filing.
Its total income from operation was up 8.81 per cent to Rs 2,603.42 crore during the period as against Rs 2,392.49 crore of the corresponding quarter of the last fiscal.
Commenting on the results, Britannia Industries Managing Director Varun Berry said: "Our double digit domestic growth of 15 per cent for the quarter is backed by a double digit volume growth on the back of investment in brands and widening our distribution network through focus on direct reach, rural and weak markets."
Britannia's total expenses in Q3/FY 2017-18 were at Rs 2,204.54 crore as against Rs
2,072.43 crore, up 6.37 per cent.
Shares of Britannia Industries today settled at Rs 4,766.55 apiece on the BSE, up 2.84 per cent from the previous close.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 12 2018 | 7:55 PM IST

Next Story