Britannia's net profit jumps 23% to Rs 495.20 cr in Q2, revenue rises 12%

On a sequential basis, Britannia's net profit fell 8 per cent, while consolidated revenue was nearly flat

As demand for packaged food continues to be strong, Britannia on Monday posted a healthy 23 per cent increase in net profit for the quarter ended September 2020 at Rs 495.20 crore as compared to the corresponding quarter a year ago. The company's consolidated revenue rose 12 per cent yoy to Rs 3,492.61 crore, slightly lower than the Street's expectation of 14 per cent.

“Covid-19 has brought about a situation whereby we are witnessing tectonic shifts in economic growth and consumer behaviour across the world. While the government ended the lockdown, it will take a while for the situation to