•  Sales up 11.3% to INR682.9bn  
  •  Operating profit up 56.6% to INR54.4bn
  •  Net profit up 52.3% to INR39.6bn
Britannia enjoyed higher annual sales and profits

Britannia enjoyed higher annual sales and profits

Britannia Industries, the Indian biscuits-to-dairy giant, has booked a jump in full-year earnings as stronger operating margins and higher sales boosted the bottom line.

The company said operating profit rose by 56.6% to INR54.4bn (US$919.4m) in the 12 months to the end of March. Net profit was up 52.3% at INR39.6bn.

"Britannia continued to gain from strict cost control in a tough operating environment," Amnish Aggarwal, an analyst at Mumbai-based brokers Prabhudas Lilladher, wrote in a research report. "Q4 margin expansion continued despite Q4 '13 being a high base quarter. We expect margins expansion to moderate from the current levels going forward."

Sales increased 11.3%, the group revealed in a regulatory filing. The company offset pressure from increased input costs through price increases, although this slowed volume growth.

Click here to view the filing from Britannia.