Britannia Industries booked a 45% jump in quarterly profits, as the Indian biscuit and dairy group reaped the benefits of higher sales and improved margins.

In a regulatory filing on Friday (10 February) the company revealed that net profit rose 44.8% to INR5.41bn (US$109m) in the three months to end of December, which was the third quarter of its financial year.

Revenue increased by 15.5% to INR12.4bn in the quarter. Of these gains, volume contributed 6.5% of growth, while product mix and pricing added 9%.

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During the quarter, the company added that its operating profit margin increased by 143bps to 5.56%, up from 4.13% for the same period of last year.

Commenting on the group’s results, managing director Vinita Bali said: “This quarter again we have generated profitable growth, driven by a healthy blend of volume, mix, price and operational efficiencies. There is a 130 basis points improvement in profit from operations and our focus continues to be on commercialising consumption opportunities both in the bakery and dairy businesses.”

Click here for the full release from Britannia Industries.

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