Britannia Industries Q4 net up 11.28% at Rs 294.27 cr

Britannia Industries Wednesday reported an 11.82 per cent increase in consolidated net profit at Rs 294.27 crore for the fourth quarter ended March 31, 2019.

The company had posted a net profit of Rs 263.16 crore in the corresponding quarter of the previous fiscal, Britannia Industries said in a regulatory filing.

Total income during the period under review stood at Rs 2,860.75 crore as against Rs 2,581.93 crore in the year-ago quarter, it added.

Commenting on the performance, Britannia Industries Managing Director Varun Berry said, "We continued the momentum in the base business through distribution expansion, heightened innovation and cost-efficiency programmes."

He further said that in line with its goal to become a 'Total Foods Company', Britannia has launched new categories.

For the fiscal ended March 2019, the company's net profit was at Rs 1,155.46 crore as against Rs 1,003.96 crore, up 15 per cent.

Total income from operations for FY19 was at Rs 11,261.12 crore as against Rs ..