Britannia Q4 net profit up 6% to Rs 211 crore

It offset the impact of commodities' costs rise by changes in inventories, marginally lower expenses

Britannia Industries' net profit grew six per cent over a year in the March quarter, to Rs 211 crore, the food and beverages company said. Net sales were Rs 2,302 crore, up 6.2 per cent.

During the quarter, cost of materials rose 11.7 per cent, due to price inflation of key commodities of above 10 per cent. However, changes in inventories and marginally lower other expenses offset the impact; it also cut advertising cost.

The dairy business saw subdued growth as it shifted focus towards products that should generate higher profit margin. Growth in its international business remained under pressure due to