Britannia Ind jumps 6% as Q2 net profit rises 33% YoY to Rs 403 crore

The company's profit before tax (PBT) stood at Rs 498 crore, up 8.5 per cent YoY.

Britannia Industries stock surged nearly 6 per cent to Rs 3,298 apiece on the BSE on Wednesday after the company on Monday posted a profit before tax (PBT) of Rs 498 crore for the second quarter ended September 30, 2019 (Q2FY19), up 8.5 per cent when compared with the corresponding period of the previous fiscal.

The net profit for the period grew 33 per cent to Rs 403 crore on a yoy basis on account of re-measurement of deferred tax in accordance with lower corporate tax rate. It reported a consolidated revenue growth of 6 per cent for the quarter