Bakery and dairy products maker Britannia Industries today reported two-fold increase in its consolidated net profit at Rs 270.46 crore for the second quarter ended on September 30, on account of cost efficiencies and increased off-take.
The company had posted a consolidated net profit of Rs 97.64 crore in July-September period of previous fiscal, Britannia Industries said in a filing to the BSE.
Total income from operations rose to Rs 1,974.51 crore during the quarter, up 12.45 per cent against Rs 1,755.75 crore in the same period of previous fiscal.
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On the outlook of the company, he said:"We will continue to launch new products in the coming months."
For the first half of 2014-15, Britannia Industries' consolidated net profit also doubled to Rs 384.12 crore as against Rs 187.13 crore in the same period last year.
Britannia Industries' total income during the six-month period increased by 13.73 per cent to Rs 3,761.50 crore, as against Rs 3,307.26 crore in the same period previous fiscal.
Shares of Britannia Industries today closed at Rs 1625.15 per scrip on BSE, up 1.71 per cent from their previous close.