FMCG major Britannia Industries reported a 16.09 per cent increase in consolidated net profit to Rs 303.03 crore for the second quarter ended September 2018, led by a double-digit volume growth. The company had posted a net profit of Rs 261.03 crore in the July-September period a year ago, Britannia Industries said in a BSE filing.
Its total income from operations during the period under review was at Rs 2,913.55 crore, up 12.22 per cent compared to Rs 2,596.11 crore in the corresponding quarter of the last fiscal. "This was the fourth successive quarter of double-digit volume growth primarily due to our investment in brands, multi-media campaign to bring alive the new identity and celebrating 100 years and widening our distribution network through focus on direct reach, rural market and weak states," Britannia Industries Managing Director Varun Berry said.
Total expenses stood at Rs 2,454.58 crore in the quarter under review against Rs 2,202.68 crore in the same period of last fiscal. Shares of Britannia Industries closed almost flat at Rs 5,753.80 after hitting the day's high of Rs 5,844.70 on BSE.
( News Source: PTI)