Biscuits major Britannia Industries Limited on Thursday reported 55% rise in consolidated net profit at Rs 167 crore for the fourth quarter ended March 2015 compared to Rs 108 crore in the corresponding quarter last year.
Its consolidated revenue grew 14.3% to Rs 2,032 crore. The operating profit during the fourth quarter went up 38.7% to Rs 204 crore as against Rs 147 crore in the year ago quarter.
For the second consecutive quarter, the company has recorded revenue in excess of Rs 2,000 crore on account of strong volume growth.
For the full year ended March 2015, Britannia recorded net profit of Rs 689 crore, a growth of 74.2%. This includes Rs 124 crore of profit from sale of land and building.
"The company's operating margin expanded by 200 basis points despite no pick up in the market growth. This was achieved through strengthening of our fundamental building blocks with increased depth in distribution, tight management of fixed costs and through increased cost efficiencies," Varun Berry, Managing Director, Britannia Industries said.
He said the company's journey into launching of organoleptically delightful products in the second half of the last financial year has worked well for the company.
The Board of Directors recommended a dividend of 800% (Rs 16 per share) for the year 2014-15.
The company's stock closed 2.01% lower at Rs 2,285.35 per share on BSE.
No comments:
Post a Comment