Riding on the back of higher sales, Britannia Industries Ltd posted a 27 per cent growth in net profit at Rs 42 crore for the quarter ended June 30, against Rs 33 crore during the corresponding period last year.
Net sales grew by 21 per cent to Rs 1,106 crore. Other income — including the Rs 15 crore profit on sale of property — increased by 30 per cent to Rs 26 crore.
Britannia, Ms Bali said, had absorbed a significant portion of the commodity price inflation.
“We are constantly looking at tackling inflation by revenue management and cost management techniques. We have tried to significantly reduce costs through consolidating operations, restructuring manufacturing units, reducing complexity and eliminating wastages in the value chain,” she pointed