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Britannia consolidated net profit up by 74%, recommends dividend of 800%
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Saturday, 23 May, 2015, 08 : 00 AM [IST]
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Our Bureau, Bengaluru
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fiogf49gjkf0d Britannia Industries Ltd has reported consolidated revenue growth of 13.8% for the year at Rs 7,775 crore. Profit from operations for the year stood at Rs 719 crore which is an increase by 32.2%. Net profit increased by 74.2% to Rs 689 crore for the year.
On a standalone basis, revenue stood at Rs 7,100 crore and increased by 13.9%. Profit from operations for the year at Rs 654 crore increased by 22.7% and on an equalised basis at Rs 707 crore grew to 32.5%. Net profit increased by 68.3% to Rs 622 crore.
In Q4, consolidated revenue grew 14.3% at Rs 2,032 crore. Profit from operations stood at Rs 204 crore reporting an increase by 38.4% and on an equalised basis at Rs 231 crore grew 56.8%.Net profit increased by 55.4% to Rs 167 crore.
On a standalone basis, revenue increased by 14% to Rs 1,847 crore. Profit from operations increased by 20.8% to Rs 179 crore and on an equalised basis at Rs 205 crore grew to 38%. Net profit increased by 54.1% to Rs 141 crore.
The board of directors recommended a dividend of 800% which is Rs 16 / share.
Commenting on the performance, Varun Berry, managing director, Britannia Industries Ltd, said, “We continued the growth momentum with revenue growth of 14% and 200 bps expansion in operating margin on an equalised basis for the year, despite no pickup in the market growth. This was achieved through strengthening of distribution; tight management of fixed costs and through increased cost-efficiencies.”
“In the second half of the year we embarked on our innovation journey with organoleptically delightful products being launched in the market with the objective of tapping new sources of growth and profitable revenue, while building brand differentiation and relevance. We are confident that our strong & passionate team shall take the business to even greater heights in the coming future,” said the Britannia chief.
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