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Britannia Industries fourth-quarter profit up 25 percent


(Reuters) - Packaged-food major Britannia Industries Ltd posted a near 25 percent rise in quarterly net profit on Tuesday, in line with estimates.Net profit for the quarter ended March 31 came in at 2.63 billion rupees ($38.64 million) compared with 2.11 billion rupees in the year-ago quarter. Analysts, on average, had estimated a net profit of 2.64 billion rupees, according to Thomson Reuters data.Total revenue from operations rose about 10 percent to 25.38 billion rupees.($1 = 68.0700 Indian rupees) (Reporting By Arnab Paul and Aby Jose Koilparambil in Bengaluru; Editing by Shailesh ...

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First Published: Tue, May 15 2018. 19:57 IST