Britannia Q1 Net Up 67% at Rs 189 Cr

New Delhi: Britannia Industries on Tuesday reported a 66.86 per cent jump in consolidated net profit at Rs 189.66 crore for the fiscal first quarter that ended on June 30, 2015, helped by operational efficiency.

The company had registered a net profit of Rs 113.66 crore for the corresponding period a year ago, it said in a filing to the BSE.

Net sales rose to Rs 2,002.51 crore, up 12.96 per cent from Rs 1,772.63 crore a year ago.

"Our results are a reflection of our focus on driving consumer off-take and operational efficiencies to generate sustainable and profitable growth, despite the slowdown witnessed in the FMCG sector," Britannia Industries managing director Varun Berry said.

"We remain committed to tap new sources of growth and focus on commercialising consumption opportunities across our product portfolio," he added.

Britannia's overall expenses in the quarter stood at Rs 1,757.52 crore, up 6.56 per cent from Rs 1,649.18 crore in the year-ago period.