Indian food group Britannia Industries has booked an increase in sales and profits in its third quarter.

The biscuit manufacturer said yesterday (11 February) its net profit increased to INR569.6m for the three months to the end of December, a gain of 5.4% in the comparable period of last year.

In a notice to the Bombay stock exchange, Britannia revealed the higher profits were driven by a rise in net sales, which increased to INR14.9bn in the three months to 31 December, up from INR12.62bn.

Shares in Britannia rose 2.57% following the announcement.