SME Times is powered by   
Search News
Just in:   • Global IT spending to grow 3.2% in 2019: Gartner  • Reliance Jio posts Rs 681 crore profit in Q2  • India needs strong, decisive leadership at Centre: Jaitley  • Demanding VAT cut, Delhi petrol pumps to shut on October 22-23  • Must push exports to grow at 9-10 pc annually: NITI chief 
Last updated: 16 May, 2018  

Britannia.9.Thmb.jpg Britannia Industries net profit up 25% in Q4

Britannia.9.jpg
   Top Stories
» India needs strong, decisive leadership at Centre: Jaitley
» Must push exports to grow at 9-10 pc annually: NITI chief
» Govt preparing roadmap for aviation sector: Prabhu
» Stressed power assets to be viable soon: R K Singh
» Investment cycle rising since 2016, to last till 2022: RBI
SME Times News Bureau | 16 May, 2018
Britannia Industries Ltd., India's leading food company, on Tuesday reported a 25 per cent increase in its consolidated net profit to Rs 263.16 crore in the quarter ended March 31, 2018 as compared to Rs 210.91 crore in the year-ago period.

On a comparable basis, its revenue from sale of goods in the quarter under review, stood at Rs 2,510 crore, up by 13 per cent from Rs 2,230 crore in the corresponding period the previous year.

The biscuit maker reported a 14 per cent rise in its net profit for 2017-18 to Rs 1,004 crore.

"We have witnessed positive momentum in the market growth over the last few months. Our double digit growth for the quarter is backed by a double digit volume growth on the back of investment in brands and widening our distribution network through focus on direct reach, rural market and weak states. We continued our premiumization and innovation journey," its Managing Director Varun Berry said.

He said its international business grew in double digits despite a slow-down in many geographies like Middle East and Africa. While the growth in the dairy business has also been subdued due to its focus on driving value added products and reducing its play in the less profitable commoditised products, profitability has improved considerably.

"On the commodity front, prices of key raw material have seen a marginal inflation in the fourth quarter. Our accelerated cost efficiency programme and endeavour to leverage fixed costs have helped us improve our profitability," he said.

In the coming year priority will be on bridging portfolio gaps in our bakery business and other adjacent macro snacking business opportunities, the company said.

The biscuit maker said its new greenfield factories at Guwahati, and SEZ in Mundra for servicing export markets have been commercialised.

"In addition we are also setting up an integrated food park at Ranjangaon, Maharashtra and a greenfield plant at Nepal which will be our fourth country with local manufacturing," Berry added.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 19 Oct, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(8)
» Letter of Credit - a safe and secure payment mode?(1)
» India needs strong, decisive leadership at Centre: Jaitley(1)
» Punjab to give unique number to plots of land to prevent frauds(1)
» All is not well with GDP growth(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter