Britannia Q1 Net up 27 per cent at Rs 113.66 crore

Bakery and dairy products maker Britannia Industries on Tuesday reported a 27 per cent increase in net profit at Rs 113.66 crore for the first quarter June 30, 2014.

The company had posted a net profit of Rs 89.49 crore in the same period of previous fiscal, Britannia Industries said in a filing to the BSE.

The net sales of the company rose to Rs 1,772.63 crore during the quarter, up 15.13 per cent against Rs 1539.62 crore in the same period of previous fiscal.

Commenting on the results, Britannia Industries Managing Director Varun Berry 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."

Shares of Britannia Industries on Tuesday closed at Rs 1,135 apiece on BSE, down 1.87 per cent from their previous close.