Britannia Industries Q1 net profit falls 3.64%

Britannia Industries reported a 3.64 per cent decline in consolidated net profit at Rs 248.64 crore for the quarter ended June 30, 2019.

The company had posted a net profit of Rs 258.08 crore in the corresponding quarter of the previous fiscal.

Total income during the period under review stood at Rs 2,767.8 crore, up 7.03 per cent, as against Rs 2,585.84 crore in the year-ago quarter, Britannia Industries said in a regulatory filing.

During the quarter, the company also posted exceptional expense of Rs 15.61 crore on account of voluntary retirement cost incurred in one of its subsidiaries.