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New Delhi: Britannia (Indian Bakery Major) Profit Rises to Rs 270.46 Crore
Britannia Industries who are one of the leading players of bakery products manufacturer in India, reported a two-fold increase in consolidated net profit at Rs 270.46 crore for the second quarter of 2014-15, on account of cost efficiencies and increased off-take. On the outlook, Britania will continue to launch new products in the coming months.” The bakery and dairy products had registered a consolidated net profit of Rs 97.64 crore for the corresponding period of the previous fiscal year. Total income from operations rose to Rs 1,974.51 crore during the quarter under review, up 12.45 per cent against Rs 1,755.75 crore in the year-ago period, with a consolidated revenue growth of 12 per cent & 43 per cent increase in profit from operations. Also for the first half of 2014-15, Britannia Industries’ consolidated net profit doubled to Rs 384.12 crore as against Rs 187.13 crore in the same period last year. Britannia Industries’ total income during the six-month period increased 13.73 per cent to Rs 3,761.50 crore, as against Rs 3,307.26 crore in the corresponding period last year.
Shares during this period in Britannia Industries, ended at Rs 1625.15 apiece on the BSE, up 1.71 per cent from the previous close.
