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Britannia: snacks strategy pays off - Views on News from Equitymaster
 
 
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  • Oct 28, 1999

    Britannia: snacks strategy pays off

    India's largest bakery products manufacturer Britannia Industries has reported a 28% surge in its net profit to Rs 130 m in 2QFY2000. The turnover was up by 15% to Rs 3,054 m during the same period.

    (Rs m) 2QFY2000 2QFY1999 Change
    Net Sales 3,054 2,655 15.0%
    Other Income 26 35 -25.7%
    Expenditure 2,827 2,489 13.6%
    Interest 21 14 50.0%
    Depreciation 40 39 2.6%
    Profit before Tax 192 148 29.7%
    Tax 62 46 34.8%
    Profit after Tax 130 102 27.5%
    Net profit margin 4.3% 3.8%  

    Britannia's strategy of positioning itself as a snack food company, with a presence in dairy products segment has helped the company expand its consumer base and hence its bottom line. The company's expenditure went up by 14% to Rs 2,827 m during the period. The company has managed to improve its margins to 4.3% from 3.8% in 3QFY99.

     

     

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