Britannia Industries: net profit flat at 46,1 INR crore

Kolkata / IN. (bi) Britannia Industries Ltd., one of India´s leading food companies, reported a net profit of 46,1 INR crore for the third quarter ended December 2008, compared to 45,3 INR crore in the corresponding previous quarter. Overall expenses went up by 26 percent to 761,2 INR crore, compared to the same quarter last financial year. Sales for the period went up by 24,8 percent to 828 INR crore. The operating profit for the third quarter rose by 15 percent to 58,8 INR crore as against the same quarter last year. The company´s sales were driven by a healthy blend of volume, mix and price, the company said in a statement. Higher operational expenses like rise in cost of raw materials impacted the company´s net profit growth.

Exchange rate on January 29th, 2009:
1’000’000,000 Indian Rupees (INR) = 15’791,960 Euro (EUR)
1’000’000,000 Euro (EUR) = 63’323’363,907 Indian Rupees (INR)

1 Indian Rupee (INR) = 0,01579 Euro (EUR)

About (precautionary, if named or not): A crore is a unit in the Indian numbering system and was formerly a unit in the Persian numbering system, still widely used in Bangladesh, India, Maldives, Nepal, Pakistan, and Sri Lanka. An Indian crore is equal to 100 lakh or ten million.

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