Britannia Industries' first quarter consolidated net profit jumped 93% year-on-year to Rs 89.58 crore due to improvement in product mix and higher price realisation. It had a consolidated net profit of Rs 46.50 crore a year ago.
The biscuit and cheese maker's consolidated income rose to Rs 1,539.62 crore in April-June from Rs 1348.15 crore last year. Its operating margin in the quarter rose to 7.7% from 4.7% in the year ago quarter.
“The expansion in margin is consequent to an improvement in product mix and higher price realisation coupled with an emphasis on cost management,” said Vinita Bali, managing director, Britannia Industries.