Britannia Industries Q4 net rises 11.28%

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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).

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