Britannia Q2 consolidated revenue grows 9.5% with 36.4% increase in net profit

Britannia Industries Ltd (BIL), India's leading Food Company, for the 2nd Quarter ending September 2012, reported an increase of 9.5% in its consolidated revenue of Rs 1,542.6 crores and a Net Profit increase of 36.4% at Rs 58.9 crores.

This takes its half yearly consolidated revenue to Rs. 2,890.8 crores, a growth of 10.6% and consolidated Net Profit to Rs. 105.4 crores, an increase of 27.8%.

It also reported an increase of 8.7% in its standalone revenue of Rs 1,402.8 crores with Net Profit of Rs 45.6 crores, an increase of 20.5%. The half yearly revenue of Rs. 2,624.4 crores grew 9.7% and Net Profit at Rs. 89.1 crores increased 11.8%.

Commenting on the performance, Ms Vinita Bali, Managing Director, said: "Despite a sharp and unexpected increase in commodity & fuel cost, we continue to drive profitable growth through focusing on 3 priority areas of revenue management, cost management & innovation. On a consolidated basis, the dairy & international operations are accretive and contribute positively to both revenue & profit".