Kept momentum in base business: MD
Britannia Industries Wednesday reported an 11.82% increase in consolidated net profit at ₹294.27 crore for the fourth quarter ended March 31, 2019.
The company had posted a net profit of ₹263.16 crore in the corresponding quarter of the previous fiscal, Britannia Industries said in a regulatory filing.
Total income stood at ₹2,860.75 crore as against ₹2,581.93 crore in the year-ago quarter, it added.
Commenting on the performance, Britannia Industries MD Varun Berry said, “We continued the momentum in the base business through distribution expansion, heightened innovation and cost-efficiency programmes.”
For the fiscal ended March 2019, the company’s net profit was at ₹1,155.46 crore as against ₹1,003.96 crore, up 15%.
Total income from operations for fiscal year 2018-19 was at ₹11,261.12 crore as against ₹10,156.47 crore in FY18.
The company said its board of directors has recommended a dividend of 1,500% (₹15 per share of face value ₹1 each).