Britannia Q2 profits up 4.94%

Britannia Industries Ltd profits are up 4.94 per cent to Rs 45.60 crore on a standalone basis for the second quarter (Q2) this fiscal. The company’s revenues grew 15.27 per cent to Rs 1,416.60 crore, while EPS was at Rs 3.82 compared with Rs 3.64 last year. “Despite a sharp and unexpected increase in commodity and fuel cost, we continue to drive profitable growth through focusing on three priority areas of revenue management, cost management and innovation. On a consolidated basis, the dairy and international operations are accretive and contribute positively to both revenue and profit,” said Vinita Bali, Managing Director.