Britannia Industries Q4 net up 11.28% at Rs 294.27 cr

Britannia Industries Wednesday reported an 11.82 per cent increase in consolidated net profit at Rs 294.27 crore for the fourth quarter ended March 31, 2019.

The company had posted a net profit of Rs 263.16 crore in the corresponding quarter of the previous fiscal, Britannia Industries said in a regulatory filing.

Total income during the period under review stood at Rs 2,860.75 crore as against Rs 2,581.93 crore in the year-ago quarter, it added.

Commenting on the performance, Britannia Industries Managing Director Varun Berry said, "We continued the momentum in the base business through distribution expansion, heightened innovation and cost-efficiency programmes."
On the outlook, Berry said, "We have witnessed slowdown in market place in the recent months, however, this should get neutralised with a favourable monsoon forecast and stable government post elections."