BRITANNIA INDUSTRIES = FIRST QTR = Q1 FY 2011 RESULTS = STAND ALONE = SALES UP 25% PROFITS DOWN 31%

Britannia Industries Limited

Q1 FY 2011 RESULTS

STAND ALONE

RESULTS COMPARISON

Britannia Industries limited has declared improved results for the first quarter.

Net Sales has improved by 24.8% to Rs.912.83 cr from Q1 FY10 (Rs.731.24 Cr) – and proportionately (Q1 FY11 x 4) by 7.3% from FY2010 (Rs.3401.40Cr).

Raw Materials consumption has also gone up by 28.4% to Rs.497.75 Cr from Q1 FY10 (Rs.387.61 cr) – and proportionately by 6.1% from FY 2010 (Rs.1877.14 Cr).

Consequently, the total Expenditure has gone up by 29.6% to Rs.882.12 Cr from Q1 Fy 10 (Rs.680.42 Cr) – and proportionately by 7.6% from FY 2010 (Rs.3278.85 Cr).

Profit from Operations is therefore down by 37% to Rs.33.68 Cr from Q1 FY 2010        (Rs.53.44 Cr) – and proportionately down by 2.2% from FY2010 (Rs.137.75 Cr).

Interest costs at Rs.9.40 cr is up by 1046% from Q1 FY2010 (Rs.0.82 cr)  - - and proportionately up by 788.9% from FY2010 (Rs.4.23 Cr).

Net Profit is Rs.32.83 Cr – down by 30.7% from Q1 FY10 (Rs.47.37 Cr) – but proportionately up by 12.7% from FY2010 (Rs.116.50 Cr).

Basic EPS is Rs.13.74 down by 30.7% from Q1 FY10 (Rs.19.83) – but up proportionately by 12.7% from FY2010 (Rs.48.77). At current EPS rate, annual EPS could be Rs.55.

At current market price of Rs.2169, the PE Ratio comes to 39.44.

RESULTS IN FIGURES:

BRITANNIA IND	Jun-10	Jun-09	Dif%1	FY10NC	Dif%2
Net Sales	91283	73124	24.8	340140	7.3
Other Optg Income	297	262	13.4	1520	-21.8
SIT & WIP	1618	269	501.5	-2135	-403.1
Raw Materials	49775	38761	28.4	187714	6.1
Traded Goods	8276	5419	52.7	31312	5.7
Employees Cost	2585	2410	7.3	9952	3.9
Depreciation	996	912	9.2	3755	6.1
Other Exp	24962	20271	23.1	97287	2.6
Total Exp	88212	68042	29.6	327885	7.6
Profit.Operations	3368	5344	-37	13775	-2.2
Other Income	1994	1265	57.6	4011	98.9
P B I & EI	5362	6609	-18.9	17786	20.6
Interest	940	82	1046	423	788.9
P A I B B E I	4422	6527	-32.3	17363	1.9
Excepti.Items	-	698		5286
Profit before tax	4422	5829	-24.1	12077	46.5
Tax expense	1139	1092	4.3	427	967
P A T	3283	4737	-30.7	11650	12.7
Net Profit	3283	4737	-30.7	11650	12.7
Dividend.%	-	-		250
Face Value.Rs	10	0		10
Paid Up Equity	2389	-		2389
Reserves	-	-		37236
Basic EPS	13.74	19.83	-30.7	48.77	12.7
Public holding.%	49.04	49.04	0	49.04

ANNOUNCEMENTS

TO THE EXCHANGE

09-08-2010        Britannia Industries Limited has informed the Exchange regarding a press release dated August 09, 2010, titled "Britannia sales grow 25%". 

09-08-2010        Britannia Industries Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 91283 lacs for quarter ending on 30-JUN-2010 against Rs. 73124 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 3283 lacs for the quarter ending on 30-JUN-2010 against Rs. 4737 lacs for the quarter ending on 30-JUN-2009.      -

27-05-2010        Britannia Industries Limited has informed the Exchange regarding a press release dated May 27, 2010, titled "Britannia sales grow 9%; Recommends Dividend of 250% & sub-division of shares".

27-05-2010        Britannia Industries Limited has informed the Exchange that the Board of Directors at its meeting held on May 27, 2010 approved the following proposal: Sub-division of each Equity Share of the Company of the face value of Rs. 10/- each fully paid up into 5 Equity Shares of the face value of Rs. 2/- each on and from the Record Date to be announced after the proposal is approved by the shareholders at the forthcoming Annual General Meeting.

27-05-2010        Britannia Industries Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 377084 lacs for year ending on 31-MAR-2010 against Rs. 342123 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 10318 lacs for the year ending on 31-MAR-2010 against Rs. 15148 lacs for the year ending on 31-MAR-2009.

27-05-2010        Britannia Industries Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 340140 lacs for year ending on 31-MAR-2010 against Rs. 311221 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 11650 lacs for the year ending on 31-MAR-2010 against Rs. 18040 lacs for the year ending on 31-MAR-2009.

22-03-2010        Britannia Industries Ltd has informed the Exchange that the Committee of the Board of Directors of the Company at its meeting held on March 22, 2010, has approved allotment of 2,38,90,163 8.25% Secured Redeemable Non-Convertible Debentures of Rs. 170/- each (Bonus Debentures) amounting to an aggregate value of Rs. 406,13,27,710/- from the General Reserve by way of distribution as bonus, to the Members based on their equity holding on the Record Date i.e. March 09, 2010 in the ratio of one Bonus Debenture of Rs.170/- for every equity share of Rs.10/- held. This allotment has been made pursuant to the Scheme of Arrangement sanctioned by the Calcutta High Court by its Order passed on February 11, 2010. The Bonus Debentures carry interest at 8.25% per annum payable annually in arrears i.e. 1st year interest on March 22, 2011, 2nd year interest on March 22, 2012 and 3rd year and final interest together with the redemption proceeds on March 22, 2013. The Bonus Debentures have a tenure of three years and will be redeemed on March 22, 2013.

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