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Britannia Industries profit before tax rises 1.6% to Rs 457 crore

The FMCG major said that after the initial hiccups, the firm coped up well and witnessed 20 per cent rise in revenues in April, and 28 per cent in May

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For the entire FY20, consolidated net profit rose 21 per cent to Rs 1,394 crore, compared to Rs 1,155 crore in FY19.

Debasis Mohapatra Bengaluru
Britannia Industries on Tuesday reported largely in-line numbers for the fourth quarter (Q4FY20) of the last financial year, despite the lockdown hitting revenue and profit growth by 7-10 per cent.
 
The FMCG major said that after the initial hiccups, the firm coped up well and witnessed 20 per cent rise in revenues in April, and 28 per cent in May — both year-on-year (YoY) — aided by several measures.
 
Profit before tax (PBT) stood at Rs 457.27 per cent for Q4 — a marginal rise of 1.6 per cent YoY. However, consolidated net profit rose 26.5 per cent