Operating profit (EBITDA) jumped 21.5 percent on yearly basis to Rs 158 crore and margin expanded by 50 basis points to 9.7 percent during April-June quarter, which both were better than analysts' forecast of Rs 146 crore and 9.1 percent, respectively.
Bakery products manufacturer Britannia Industries has reported a 24.9 percent growth in its first quarter (April-June) standalone net profit at Rs 107.8 crore compared to Rs 86.3 crore in the year-ago period, driven by strong revenue and operating performance despite higher raw material cost. Total income from operations grew by 15.4 percent to Rs 1,634.2 crore in the quarter ended June 2014 from Rs 1,416.3 crore in the year-ago period while raw material cost increased 23.4 percent to Rs 820.60 crore Y-o-Y. Numbers were higher than analysts' expectations of Rs 100.5 crore on the bottomline front and Rs 1,612 crore on topline front. "Results are a reflection of our focus on driving consumer off-take and leveraging fundamental levers of operations to generate sustainable and profitable growth," said Varun Berry, managing director. Operating profit (EBITDA) jumped 21.5 percent on yearly basis to Rs 158 crore and margin expanded by 50 basis points to 9.7 percent during April-June quarter, which both were better than analysts' forecast of Rs 146 crore and 9.1 percent, respectively. During the quarter, advertising and sales promotion expenses declined to Rs 117.58 crore from Rs 126.53 crore while other income jumped to Rs 19.57 crore from Rs 13.87 crore.
Bakery products manufacturer Britannia Industries has reported a 24.9 percent growth in its first quarter (April-June) standalone net profit at Rs 107.8 crore compared to Rs 86.3 crore in the year-ago period, driven by strong revenue and operating performance despite higher raw material cost. Total income from operations grew by 15.4 percent to Rs 1,634.2 crore in the quarter ended June 2014 from Rs 1,416.3 crore in the year-ago period while raw material cost increased 23.4 percent to Rs 820.60 crore Y-o-Y. Numbers were higher than analysts' expectations of Rs 100.5 crore on the bottomline front and Rs 1,612 crore on topline front. "Results are a reflection of our focus on driving consumer off-take and leveraging fundamental levers of operations to generate sustainable and profitable growth," said Varun Berry, managing director. Operating profit (EBITDA) jumped 21.5 percent on yearly basis to Rs 158 crore and margin expanded by 50 basis points to 9.7 percent during April-June quarter, which both were better than analysts' forecast of Rs 146 crore and 9.1 percent, respectively. During the quarter, advertising and sales promotion expenses declined to Rs 117.58 crore from Rs 126.53 crore while other income jumped to Rs 19.57 crore from Rs 13.87 crore.
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