Britannia Industries Q3 profit up 51% at Rs 207.59 cr

Image
Press Trust of India New Delhi
Last Updated : Feb 09 2016 | 9:57 PM IST
Bakery and dairy products maker Britannia Industries today reported 51.21 per cent jump in consolidated net profit at Rs 207.59 crore for the third quarter ended on December 31, 2015.
The company had posted a net profit of Rs 137.28 crore in October-December period a year-ago, Britannia Industries said in a filing to the BSE.
Its net sales on consolidated basis rose by 10.34 per cent to Rs 2,223.64 crore during the quarter under review as against Rs 2,015.15 crore in the same period of previous fiscal.
"Our strategy of focusing on execution and commercialising potential consumption opportunities helped us deliver double digit revenue growth," said Britannia Industries Managing Director Varun Berry.
Britannia Industries total expenses during the quarter were at Rs 1,946.35 crore as against Rs 1,846.30 crore of the same period of last fiscal.
Shares of Britannia Industries today settled at Rs 2,777.85 at BSE, down 2.81 per cent from previous close.
*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 09 2016 | 9:57 PM IST

Next Story