Britannia Industries has reported a net profit of Rs 167 crore for the March quarter, a 55% increase from the same period last year. consolidated revenue grew 14.3% in Q4 to Rs 2,032 crore while operating profit stood at 204 crore, an increase of 38.4%.
The group posted consolidated revenue growth of 13.8% for the year to Rs 7,775 crore while profit from operations stood at Rs 719 crore.
Commenting on the performance, Varun Berry, Managing Director,said, “We continued the growth momentum with revenue growth of 14% despite no pickup in the market growth. This was achieved through strengthening of our fundamental building blocks with increased depth in distribution; tight management of fixed costs and through increased cost efficiencies.”
The Board of Directors has recommended a dividend of 800% at Rs 16/share. Britannia share price stood at Rs 2,431.15 on the BSE on Friday, after hitting an all-time high of Rs 2,554.65 in intra-day trade.