Britannia pre-tax profit rises 8% at Rs 498 crore for the September quarter

Food and consumer goods company Britannia on Monday posted a profit before tax of Rs 498 crore for the second quarter ended September 30, 2019, a rise of 8.5 per cent when compared with the corresponding period of the previous fiscal. 

The net profit for the period grew 33 per cent to Rs 403 crore on a yoy basis on account of re-measurement of deferred tax in accordance with lower corporate tax rate. 

"During this phase of sluggish demand, we continued to invest in enhancing our brand equity through focused product campaigns. This is on the belief that the recent