 |
Britannia revenue increases 8% in Q3
Mumbai, January 28th, 2010: Britannia Industries Ltd. (BIL), India’s leading food Company,
reported sales of Rs. 8,814 MM and Net profit of Rs. 291 MM for the quarter ended 31st
December 09.
For the nine months period ended 31st December 09, Consolidated Revenue of Rs. 27,363 MM
and Net Profit of Rs. 1,217 MM grew by 7.5% and 12.9% respectively.
Commenting on the performance, Ms. Vinita Bali, Managing Director, said,
“Unprecedented inflation in commodities has challenged industry margins. Whilst we have
continued to insulate our consumers from this cost inflation, profits and profitability have been
adversely impacted. All round cost effectiveness and improved sales mix will remain the
building blocks of Britannia’s profit improvement plan, but if the current situation continues,
judicious price increases may be inevitable”.
During the quarter, ‘Actimind’ – a milk based health drink for children was launched on a pilot
basis in Tamil Nadu. It is a unique drink with seven active brain nutrients that help to improve
mental sharpness.
| |
