Financial Daily from THE HINDU group of publications
Wednesday, Jun 30, 2004
Financial Daily from THE HINDU group of publications Wednesday, Jun 30, 2004 |
||
|
|
||
|
Corporate Results
-
Dairy & Dairy Products Britannia Industries net at Rs 119 cr Our Bureau
MUMBAI: Britannia Industries Ltd has reported a net profit of Rs 118.8 crore for the year ended March 31, 2004, as against the previous corresponding Rs 99.2 crore. The company's sales amounted to Rs 1,470.5 crore (Rs 1,349.1 crore for the year ago period). ``Despite sluggish growth and pressure on margins in the FMCG sector, Britannia's operating profit has improved by 22 per cent and net profit after tax by 20 per cent,'' an official statement said on Tuesday. According to it, this was achieved by a good performance by its core brands from the mass market segment (`Tiger') and other segments. The re-launch of `Mariegold', introduction of value propositions on brands like `Goodday' and select new product introductions also contributed to the growth. ``The company is restructuring production facilities to achieve the objective of becoming the lowest cost producer by leveraging economies of scale in order to remain competitive in the market place,'' the statement said.
More Stories on : Dairy & Dairy Products
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|