Britannia Q1 pre-tax profit jumps 88% to Rs 737 cr, revenue rises 26%

The company's volume growth for the period underreview stood at 22 per cent, higher than analysts' expectations of 17-20 per cent.

Foods company Britannia reported a stellar quarterly growth on Friday posting a profit before tax of Rs 737 crore for Q1FY20, a rise of 88 per cent when compared to the corresponding period of the previous fiscal.

The net profit for the biscuit maker grew 117 per cent to Rs 546 crore on YoY basis. The consolidated revenue of the Bengaluru-headquartered firm witnessed a strong growth of 26 per cent on a YoY basis at Rs 3,384 crore, ahead of expectations. 

The company’s volume growth for the period underreview stood at 22 per cent, higher than analysts' expectations of 17-20