FMCG major Britannia Industries today reported 19.60 per cent increase in its consolidated net profit at Rs 263.65 crore for the third quarter ended December 2017.
The company had posted a net profit of Rs 220.44 crore in the October-December period a year ago, Britannia Industries said in a BSE filing.
Its total income from operation was up 8.81 per cent to Rs 2,603.42 crore during the period as against Rs 2,392.49 crore of the corresponding quarter of the last fiscal.
Commenting on the results, Britannia Industries Managing Director Varun Berry said: "Our double digit domestic growth of 15 per cent for the quarter is backed by a double digit volume growth on the back of investment in brands and widening our distribution network through focus on direct reach, rural and weak markets."
Britannia's total expenses in Q3/FY 2017-18 were at Rs 2,204.54 crore as against Rs
2,072.43 crore, up 6.37 per cent.
Shares of Britannia Industries today settled at Rs 4,766.55 apiece on the BSE, up 2.84 per cent from the previous close.
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