Britannia Q2 net profit up 16% on brand investments, widening distribution

On the manufacturing front, the first line of the company's Ranjangaon integrated food park near Pune became commercialised

Food company Britannia Industries on Monday posted a 16 per cent growth in consolidated net profit for the quarter ended September to Rs 3 billion, as compared to the corresponding quarter a year ago, primarily on brand investments and widening of its distribution network.   

The Bengaluru-based company reported a consolidated revenue growth of 13 per cent for the period to Rs 28.5 billion, in line with industry estimates.

"This was the fourth successive quarter of double-digit volume growth, primarily due to our investment in brands, multi-media campaign to bring alive the new identity and celebrating 100 years, and widening