1 December 2024
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Market + Management

Britannia: Net Profit increases 11 percent in Q2/2010

Mumbai / IN. (bi) Britannia Industries Limited, India´s leading food Company, reported sales of 858,5 crore INR for the quarter ended 30th September 2009 and Net profit of 59,1 crore INR – an increase of 10,8 percent. For the half year ended 30th September 2009, Consolidated Revenue of 1’763,5 crore INR and Net Profit of 100,1 crore INR grew by 6,6 percent and 30,6 percent respectively.

Commenting on the performance, Vinita Bali, Managing Director, said: «In an environment of high commodity inflation and increasing competitiveness, we have maintained operating margin and generated 2’500 MM Rupees of operational cash flow. The focus is on commercializing consumption opportunities both in the Bakery and Dairy business».

Exchange rate on October 30, 2009 (Interbank):
1’000’000,000 Indian Rupees (INR) = 14’370,000 Euro (EUR)
1’000’000,000 Euro (EUR) = 69’589’422,408 Indian Rupees (INR)

1 INR = 0,01437 EUR
1 INR crore = 100 INR lakh = 10’000’000,00 INR = 143’700,000 EUR

A crore (often abbreviated cr) 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 formerly in Iran — says Wikipedia. An Indian crore is equal to 100 lakh or 10’000’000.


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