INDIA: Britannia starts FY with higher sales, profits
MD Berry said Britannia "creating solid culture to take business to new heights"
Indian food group Britannia Industries has started its financial year with a quarter of higher sales and earnings.
Net profit increased 32% to INR1.08bn (US$17.7m) in the three months to the end of June. Profit from operations was up 24% at INR1.33bn.
The increase in profits was in part due to a rise in revenue during the quarter. Net sales were up 15% at INR16.18bn.
MD Varun Berry said: "Our results are a reflection of our focus on driving consumer off-take and leveraging fundamental levers of operations to generate sustainable and profitable growth."
Britannia Industries Ltd remained one of leading packaged foods companies in India in 2014, ranking third within the area. In fiscal year 2014-2015, the company plans to concentrate on increased distr...
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