Britannia up 8% on strong Sept quarter results

Moneycontrol Bureau

Shares of Britannia Industries jumped over 8 percent in early trade on Tuesday. Investors are actively buying the stock on its strong September quarter results. The company's second quarter consolidated net profit grew 65.68 percent to Rs 97.64 crore from Rs 58.93 crore year-on-year.

During the period Britannia's net sales increased to Rs 1,740.48 crore, up 12.82 percent from Rs 1,542.67 crore during the same period last year.

Overall expenses during the quarter stood at Rs 1,615.95 crore, up 8.79 per cent as against Rs 1,485.27 crore in the corresponding quarter a year ago.

At 09:45 hrs, the stock was quoting at Rs 926.55, up Rs 50.50, or 5.76 percent on the BSE.