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News Details

01/02/2023 19:40

Britannia Ind. Q3 net profit zooms 115.09% at Rs 766.93 cr

The company reported standalone net profit of Rs 766.93 crore for the quarter ended December 31, 2022 as compared to Rs 356.57 crore in the same period last year, registering a year-on-year growth of 115.09 per cent.

Net revenue of the company rose moderately by 15.94 per cent at Rs 3,911.40 crore in October-December quarter of this fiscal as against Rs 3,373.70 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 12.59 per cent to Rs 3,221.35 crore from Rs 2,861.23 crore in year ago period.

Other Income dipped by 9.34 per cent at Rs 48.42 crore versus (Dec'21 Rs 53.41 crore).

Operating Profit surged by 54.12 per cent to Rs 789.82 crore as against Rs 512.47 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 32.92 per cent in December quarter.

Interest grew by 2.11 per cent y-o-y to Rs 35.40 crore, while Taxation increased by 61.87 per cent at Rs 213.65 crore (Dec'21 Rs 131.99 crore).