Mumbai / IN. (bi) Britannia Industries Limited reported a jump of 27,3 percent in its net profit at 41,80 INR crore for the quarter ended June 30. India´s leading Food Company showed a much stronger performance as it controlled costs and improved efficiency. In the same quarter of the previous year, the company´s net profit had risen only 2,9 percent.
Managing director Vinita Bali: «This is our 6th consecutive quarter of more than 20 percent growth across all businesses. We continue to focus on cost effectiveness, operational efficiencies and driving consumer off-take to generate growth», Bali said in a news release. According to the release the company is investing close to 200 INR crore in setting up greenfield manufacturing units to ramp up capacity and meet its growth in the bakery business.
Bali: «We are growing at over 20 percent in bakery business. We are setting up four new factories to cater to growing demand. We are making investments of 50 to 60 INR crore in each of these factories».
1’000’000,000 Indian Rupees (INR) = 15.451’556 Euro (EUR)
1’000’000,000 Euro (EUR) = 64’718’400,000 Indian Rupees (INR)
1 Indian Rupee (INR) = 0,015 Euro (EUR)
About: 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.
