Britannia Q1 net jumps 66.86% at Rs 189.66 cr

Britannia Industries today reported a 66.86 per cent jump in consolidated net profit at Rs 189.66 crore for the first quarter ended June 30, 2015, helped by operational efficiencies.
The company had posted a net profit of Rs 113.66 crore in the same period of previous fiscal, Britannia Industries said in a filing to the BSE.
The net sales of the company rose to Rs 2,002.51 crore during the quarter, up 12.96 per cent from Rs 1,772.63 crore in the same period of previous fiscal.
"Our results are a reflection of our focus on driving consumer off-take and operational efficiencies to generate sustainable and profitable growth, despite the slowdown witnessed in the FMCG sector," Britannia Industries Managing Director Varun Berry said.

"We remain committed to tap new sources of growth and focus on commercialising consumption opportunities across our product portfolio," he added.
Britannia's overall expenses in the quarter stood at Rs 1,757.52 crore, up 6.56 per cent from Rs 1,649.18 crore in the same quarter a year ago.
Shares of Britannia Industries were trading at Rs 3,173.65 apiece on BSE, up 1.31 per cent from their previous close.