Shares of Britannia were in limelight on the bourses today in the backdrop of strong quarterly numbers announced by the company.
In a BSE release, the company reported a net profit of Rs 402.73 crore in September quarter this year against Rs 248.65 crore in the corresponding quarter of previous fiscal.
The company's net profit had increased by 62% in the quarter (Y-o-Y)
Income from operations also improved to Rs 3,022.91 crore for the September quarter ended 2019 as compared to Rs 2,677.32 in the same period last year.
The biscuit-maker has beat slowdown blues and could achieve this through a mix of cost optimisation, “judicious” price hikes and low unit packs.
Britannia climbed Rs 129, or 4.50%, to Rs 3,291.05 on the NSE today.
The company's Earning Per Share stood higher at Rs 16.82 for the quarter against 10.44 in the same period last year.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.