Mumbai / IN. (bil) Britannia Industries Limited (BIL), India´s leading Food Company, for the 1st Quarter ending June 2013, reported an increase of 14 percent in its Consolidated Revenue of 1’539,6 INR Crores and a Net Profit increase of 93 percent at 89,5 INR Crores. Operating Margin at 7,7 percent increased significantly, compared with 4,7 percent in the first Quarter last year, despite an increase in brand investment at 9,6 percent of Revenue, compared with 8,4 percent last year. Commenting on the performance, Vinita Bali, Managing Director, said, «The expansion in margin is consequent to an improvement in product mix and higher price realization coupled with an emphasis on cost management – the growth momentum we saw in the 2nd half of last year, continued». Britannia also reported an increase of 15 percent in its standalone revenue of 1’403,4 INR Crores and a 99 percent increase in Net Profit, at 86,3 INR Crores. Profit from Operations at 114,4 INR Crores, increased 93 percent.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Nestle S.A.: reports half-year results for 2024
- PepsiCo: Reports Second-Quarter 2024 Results
- Oatly AB: Reports Second Quarter 2024 Financial Results
- Grupo Bimbo: Reports Second Quarter 2024 Results
- Gruma: reports second quarter 2024 results
- Reborn Coffee: Provides Q1-2024 Corporate Update
- Coca-Cola: Reports Second Quarter 2024 Financial Results
- Krispy Kreme: Sells Majority Stake of Insomnia Cookies
- Dominos: Announces Q2-2024 Financial Results
- Reborn Coffee takes over Korean Bbang Ssaem Bakery
- SSP Group: announces Third Quarter Trading Update 2024
- LG Chem and ADM: Joint Ventures in Illinois are canceled
- Wendy’s: Company plans to expand into Europe
- Delivery Hero: may face significant fine due to antitrust violations
- Emmi Group: intends to acquire Mademoiselle Desserts
- AB Foods: announces strong H1-2024 performance
- DSM-Firmenich: Queen Maxima inaugurates new dual head office
- RBI: Announces Investments to Drive Growth in China
- Europastry S.A.: puts its IPO process on hold
- McCormick: Reports Second Quarter Performance