Opening on a weak note, the stock further went down 7.84 per cent to Rs 2,703.40 on BSE.
On NSE, it declined 7.70 per cent to Rs 2,705.
The company had posted a net profit of Rs 167.3 crore in the same period of the previous fiscal.
Britannia's net sales rose to Rs 2,189.8 crore during the quarter, up 7.8 per cent, from Rs 2,031.8 crore in the year-ago period, Britannia Industries had said in a BSE filing.
Net sales during 2015-16 grew to Rs 8,607.1 crore, from Rs 7,775.1 crore a year earlier.
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