Nov 13, 2018
Britannia Industries has reported a good 16.09 per cent increase with net profit of Rs. 303.03 crore for the second quarter which ended September 2018, reflecting a double-digit volume growth.
According Britannia Industries, last year the company had posted a net profit of Rs. 261.03 crore in the July-September period.
“This was the fourth successive quarter of double-digit volume growth primarily due to our investment in brands, multi-media campaign to bring alive the new identity and celebrating 100 years and widening our distribution network through focus on direct reach, rural market and weak states,” Britannia Industries Managing Director Varun Berry said.
Total expenses stood at Rs. 2,454.58 crore in the quarter under review against Rs. 2,202.68 crore in the same period of last fiscal.