Britannia Consolidated Sales and Operating Profits for the Quarter grew 15% and 10% respectively

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Britannia Industries Ltd. (BIL), India’s leading Food Company, reported Consolidated Sales of Rs. 3,508 Crore with a growth of 15% and consolidated operating profit of Rs. 499 Crore with a growth of 10% for the quarter.

The Board of Directors recommended a dividend of 5650% i.e. Rs. 56.5 / share.

The economy was impacted by global geo-political factors which caused further surge in inflation this quarter. We continued to take price increases judiciously and remained aggressive on cost front. In these challenging circumstances, our operating profits for the Quarter grew by 10% and over a 24-month period, by 23%. We shall further take calibrated price increases and drive cost leadership to manage profitability.