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Britannia Q2FY25 results: Net profit falls to Rs 531 cr on low urban demand

The company, which sells Jim Jam and NutriChoice biscuits, reported a consolidated net profit of Rs 531 crore ($62.95 million) for the three months ended Sept. 30

Analysts, on average, had expected a profit of Rs 622 crore.

1 min read Last Updated : Nov 11 2024 | 6:48 PM IST

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Indian biscuit maker Britannia Industries posted a surprise drop in second-quarter profit on Monday, hurt by weaker demand in urban areas amid high inflation.

The company, which sells Jim Jam and NutriChoice biscuits, reported a consolidated net profit of Rs 531 crore ($62.95 million) for the three months ended Sept. 30, compared with Rs 588 crore a year earlier.

Analysts, on average, had expected a profit of Rs 622 crore, according to estimates compiled by LSEG.

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