Britannia Net Up Rs 270 Crore
Britannia Industries Limited reported a 2.75 times growth in consolidated net profit at Rs 270 crore for the quarter ended September 2014 compared to Rs 98 crore in the corresponding quarter last year. The net profit shot up on account of profit generated from the sale of land and buildings worth Rs 160 crore during the quarter. The net sales during the quarter recorded a modest increase of 12.3 per cent to Rs 1,955 crore as against Rs 1,740 crore in the same quarter last year. The operating profit during the quarter showed a robust growth of 35 per cent to Rs 189 crore compared to Rs 40 crore in the same quarter last year.