Britannias consolidated revenues grew 13.5%

Britannia's consolidated revenues grew 13.5%

Indian food group Britannia Industries saw its sales and earnings climb in the first six months of its financial year.

In the six-month period, net profit on a consolidated basis soared 77.6% to INR1.87bn (US$29.3m). On a standalone basis, net profit was up 104.3% to INR1.82bn.

Britannia's consolidated revenues grew 13.5% in the period to reach INR32.8bn, and on a standalone basis, by 14.2% to INR29.9bn.

Shares in Britannia climbed on the news, up 3.93% at INR910 at 12:59 GMT.

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Britannia Q2 Consolidated Revenue growth of 13% with 66% growth in Net Profit

Mumbai, November 11th, 2013: Britannia Industries Ltd. (BIL), India's leading Food Company, reported consolidated revenue growth of 12.8% in Q2 and 13.5% for the six months at Rs. 1,740 crores & Rs. 3,280 crores respectively. Standalone revenue for Q2 at Rs. 1,594 crores and for the six months at Rs. 2,998 crores increased 13.7% & 14.2% respectively.

Net Profit for Q2 increased 65.7% and for the six months increased 77.6%, on a consolidated basis, at Rs. 97.6 crores & 187.1 crores respectively. Standalone net profit for Q2 at Rs. 95.7 crores and for the six months at Rs. 182 crores increased 109.8% and 104.3% respectively.

 

Original source: Britannia Industries