Britannia net profit up 36%

Food and confectionary products maker Britannia Industries on Tuesday reported a 36.4% year-on-year rise in net profit at Rs. 58.9 crore during the July-September quarter on the back of strong growth in volumes, driven by good performance in dairy business, as well as upturn in global operations.

Food and confectionary products maker Britannia Industries on Tuesday reported a 36.4% year-on-year rise in net profit at Rs. 58.9 crore during the July-September quarter on the back of strong growth in volumes, driven by good performance in dairy business, as well as upturn in global operations.

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Revenues rose 9.5% to Rs. 1,543 crore during the quarter.

“During the quarter, the performance of dairy and the international businesses, which so far were not accretive to growth as we were making investments there, added to profits” said Vinita Bali, managing director, Britannia Industries.