Bakery foods company Britannia Industries Ltd reported a 28.47 percent increase in consolidated net profit at Rs 490.58 crore for the second quarter that ended September 30, 2022, helped by volume growth. The company had posted a net profit of Rs 381.84 crore in the July-September quarter a year ago, Britannia Industries said in a BSE filing.
Its total revenue from operations climbed 21.40 percent to Rs 4,379.61 crore from Rs 3,607.37 crore in Q2 FY22. Total expenses were at Rs 3,773.71 crore in the second quarter of FY23, up 20.25 percent from Rs 3,138.15 crore in the year-ago period.
The company has recorded its "highest quarterly revenue", Britannia Industries said.
Varun Berry, MD, Britannia, said, "We have witnessed positive growth momentum over the last few months. Our Go-to-market strategy and increase in distribution reach have converged to deliver a robust topline growth of 22 percent YoY and 19 percent QoQ, aided by mid-single-digit volume growth, as we record our highest quarterly revenue."