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Feb 03, 2023, 12.30 PM

Britannia Q3 net profit rises 151%

The Consolidated Sales for the nine months ended 31st December 2022 grew 16% to Rs. 12,093 Crores.

Operating Profit grew 55% to Rs. 760 Crores.

Britannia’s Consolidated sales for the Quarter ended 31st December 2022 grew 16% to Rs. 4,101 Crores, Operating Profit grew 55% to Rs. 760 Crores and Net Profit grew 151% to Rs. 932 Crores. 

The Net Profit includes an exceptional gain (net of tax) of Rs. 359 Crores,pursuant to a Joint Venture agreement with Bel SA for the Cheese business and consequent sale of 49% equity stake in its subsidiary &
fair valuation of the residual stake of 51%.

The Consolidated Sales for the nine months ended 31st December 2022 grew 16% to Rs. 12,093 Crores, Operating Profit grew 24% to Rs. 1,869 Crores and Net Profit (including exceptional item) grew 54% to Rs. 1,763 Crores. 


 

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