Britannia posts 15% rise in Q1 revenue

BANGALORE: Britannia Industries Ltd (BIL) has reported consolidated revenue growth of 15% at Rs 1,773 crores for the quarter ending June over the same period last fiscal.
Profit from operations and net profit increased by 26% and 35% on an equalized basis (after excluding the impact of additional depreciation basis revision in estimated useful lives of fixed assets as per schedule II of Companies Act 2013) at Rs 149 crores and Rs 121 crore, respectively.
On a standalone basis, revenue for the quarter ending June 2014 stood at Rs 1,618 crore a growth of 15%. Profit from operations and net profit on a standalone basis increased 17% and 25%.
Varun Berry, managing director BIL said, "Our results are a reflection of our focus on driving consumer off-take and leveraging fundamental levers of operations to generate sustainable and profitable growth. Our team is creating a solid infrastructure and culture to take the business to new heights. Our approach is to build each element of the business block by block."