Britannia Industries on Thursday reported a 4% rise in net profit at Rs 559.95 crore during the January-March quarter, compared with Rs 538.28 crore in the corresponding quarter last year.
The company’s revenue from operations rose 9% to Rs 4,375.57 crore against Rs 4,014.07 crore earlier.
Varun Berry, vice-chairman & managing director, Britannia Industries, said the company witnessed a tight consumption scenario during the quarter and commodity prices also remained high.
Berry said that strategic pricing actions, nimble approach in emerging channels, and robust cost efficiency initiatives delivering savings of approximately 3% of its revenue. “…it helped us sustain our growth and profitability as we navigated the year effectively,” he added.
The company’s distribution now spans across 2.9 million outlets across the country.
“As we enter the new financial year, we will continue to closely monitor commodity prices and evaluate their impact, while staying focused on driving healthy, profitable growth and strengthening our market leadership,” Berry added.
The company’s shares closed 0.83% in the green at Rs 5,393.25 apiece on the BSE.