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This is an archive article published on August 6, 2011

Britannia Q1 net up 27.32 pct

"This is our 6th consecutive quarter of 20 per cent growth across all businesses," says Britannia MD.

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FMCG major Britannia today posted a 27.32 per cent increase in its net profit to Rs 41.80 crore for the quarter ended June 30,2011 as against the same period last fiscal.

The company,which sells biscuits and dairy products,had a net profit of Rs 32.83 crore in the quarter ended June 30,2010,Britannia said in a statement.

During the reporting period,Britannia had a net sales of Rs 1,106.29 crore,a 21.36 increase from Rs 911.54 crore posted in the corresponding quarter of last fiscal.

8220;This is our 6th consecutive quarter of 20 per cent growth across all businesses. We have also launched several new products like 8216;Vita Marie Honey Oats8217;,8217;Britannia Gourmet Cheese8217;,8217;Tiger Zor 8212; Badam Milk8217; etc,8221; Britannia Managing Director Vinita Bali said.

The company said it will continue to focus on cost effectiveness,operational efficiencies and driving consumer off-take to generate profitable growth.

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