Bakery Food Company Britannia Industries Ltd Tuesday recorded a 3 % increase in the consolidated net profit at RS 520.13 Crore for the quarter of June 2016, helped by the moderation in inflation and increased consumption.The company had recorded a net profit of RS 504.88 in the June quarter of a year ago, according to a regulatory storage of Britannia Industries.
The revenue from the sale of products increased by 9.8 percent to RS 4,534.86 crores in the quarter of June. The revenue from the operations were higher than 8.75 percent to 4,622.22 Crore.
“Our performance … underlines the effectiveness of our focused execution strategy, which has involved the maximization of the value from existing points of sale, allowing more agile maintenance to key shops and guiding operational efficiency through our vast distribution network, leading to a growth of 10 % together with sales together with a solid double -digit growth in double double digit digit double digit double -digit digit double -digit. Type double -digit, at a robust double dam chairs.
The marginal increase in consumption in urban and rural markets – supported by the moderation of inflation, helped the company to return to two -digit growth after the last periods, he said.Total expenses increased by 10.38 percent to 3,973.36 RS in the June quarter. Total income, which includes other income, has increased by 8.6 for CET to RS 4,679.23 cror.
In addition to the prospects, Berry said that Britain’s attention will remain on supporting a healthy growth trajectory while protecting the margins in the midst of a competitive landscape high among the product categories.
“We aim to further strengthen our market leadership through continuous investments in the construction of brands and innovations,” he said.
Tuesday the Britannia Industries Ltd shares settled at 5,631.35 RS on BSE, down 2.66 percent from the previous closure.
