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Britannia Net Profit increases 19% in Q2
Mumbai, November 11th, 2011: Britannia Industries Ltd. (BIL), India’s leading Food
Company, reported sales of Rs. 12,941 MM, for the quarter, a growth of 18.2%. This takes its
half yearly revenue to Rs. 24,004 MM, a growth of 19.6%. Net Profit at Rs. 379 MM for the
quarter increased 18.8% and YTD September at Rs. 797 MM increased 23.2%.
YTD September Consolidated Sales of Rs. 26,202 MM grew 20% and Consolidated Net Profit
at Rs. 824 MM increased 49.6%.
Commenting on the performance, Ms. Vinita Bali, Managing Director, said,
"We continue to drive consumer off-take, cost effectiveness & operational efficiencies to
generate profitable growth and at the same time have created a robust innovation funnel to fuel
new growth”.
Earlier in the day, Britannia unveiled 2 new products under the NutriChoice brand –
NutriChoice Multigrain Thins and NutriChoice Multigrain Roasty, which provide healthy
snacking options.
Brand ‘Britannia’ was once again voted # 1 Most Trusted Food brand and among the Top 10
Most Trusted Brands across all categories in an independent survey conducted by Nielsen and
The Economic Times.
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