Britannia Industries: Net profit plus ten percent in Q3/2008

Kolkata / IN. (bi) Britannia Industries Ltd., one of India´s leading food companies, reported sales of 83,86 billion INR for the quarter ended 30th September, a growth of 27,3 percent. Net profit increased ten percent to 533 million INR. Commenting on the performance, Managing Director Vinita Bali said: «Revenue growth was driven by focused investment in brands, geographies and channels. Volume growth was 17,5 percent. All of our Power Brands grew double digit and Tiger, our largest brand saw its highest share increase in a very competitive market. High input inflation continues to challenge margins and our cost effectiveness initiatives are being further strengthened to contain cost».