Britannia Industries reports 11.28% rise in Q4 net profit

Britannia Industries has posted an 11.82% increase in consolidated net profit at Rs 294.27 crore for the fourth quarter ended March 31, 2019. In the corresponding quarter of the previous fiscal, the company had reported a net profit of Rs 263.16 crore.

Britannia’s total income during the period under review stood at Rs 2,860.75 crore as compared to Rs 2,581.93 crore in the year-ago quarter.

Varun Berry, Managing Director of Britannia Industries, said, "We continued the momentum in the base business through distribution expansion, heightened innovation and cost-efficiency programmes." 

Britannia has launched new categories that are in line with its goal to become a 'Total Foods Company'.

The company's net profit was at Rs 1,155.46 crore as against Rs 1,003.96 crore for the fiscal ended March 2019.

"We have witnessed a slowdown in the market place in the recent months, however, this should get neutralised with a favourable monsoon forecast and stable government post elections. In the coming quarters, the priority will be to scale up the new categories launched to ensure we stay ahead of the market and achieve profitable growth," Berry added.