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.
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“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.
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