Britannia Q1 net profit up 4% at Rs 43.5 crore
Biscuits and dairy products maker Britannia Industries' first quarter net profit rose 4% year-on-year to Rs 43.5 crore.
August 06, 2012 / 17:14 IST
Moneycontrol Bureau
Biscuits and dairy products maker Britannia Industries' first quarter net profit rose 4% year-on-year to Rs 43.5 crore.The company's quarterly net sales rose 11% from a year ago to Rs 1,221.6 crore.In April-June, Britannia had a lower other income of Rs 10.6 crore, compared with Rs 25.8 crore in the year ago quarter, a key reason for the slower profit growth. The company's other income in the year ago quarter had included Rs 15.3 crore profit from sale of property.Its total expenses in the quarter were also up 10% to Rs 1,169.6 crore.EBITDA (earnings before interest, taxes, depreciation and amortization) margin rose to 5.3% from 4.3%."We continue to work on the 3 priority areas of revenue management, cost management and innovation to improve the operational performance of all our categories – biscuits, bread, cake, rusk and dairy, both in India and overseas," said Vinita Bali, MD.The company said last quarter it enhanced its premium cream biscuits portfolio with launch of several new products including Bourbon Cappuccino, Pure Magic Praline and a new range of creamy flavours for Treat.Britannia shares were down 0.3% at Rs 471.70 on NSE in noon trade on Monday. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
