India's Britannia Industries Q4 profit tops view on strong demand

  • Saturday, May 6, 2023
  • Source:ferro-alloys.com

  • Keywords:market, mining industry,mine,ferrochrome
[Fellow]Indian bread and biscuits maker Britannia Industries Ltd on Friday reported a bigger-than-expected 47% jump in quarterly profit as strong demand and past price hikes helped expand margins.

【Ferro-alloys.】：

Indian bread and biscuits maker Britannia Industries Ltd on Friday reported a bigger-than-expected 47% jump in quarterly profit as strong demand and past price hikes helped expand margins.

Britannia, which sells the Marie Gold and Good Day brand of biscuits, reported a consolidated net profit of 5.59 billion rupees ($68.43 million) in the quarter ended March 31, compared with 3.80 billion rupees a year earlier.

Analysts, on average, expected the firm to report a profit of 5.03 billion rupees, per Refinitiv IBES data.

 

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