Britannia Industries Limited = RESULTS = FOR Q3 FY 2011 = QTR ENDING DECEMBER 2010 = NET PROFIT UP BY 28.32%

Britannia Industries Limited

NSE Symbol       BRITANNIA

BRITANNIA INDUSTRIES LIMITED has declared its third quarter results for qtr ending December,2010.

Net Sales is Rs.1080 cr – down by 1.35% from previous qtr Of Q2 FY 11 and up by 22.53% from (Q3 FY 10) corresponding qtr.

Total Expenditure is Rs.1035 cr – down by 1.61% from previous qtr and up by 21.39% from corresponding Qtr.

Profit from operations is Rs.48 cr – up by  4.92 cr% from previous Qtr and UP by 45.29% from corresponding Qtr.

Operating profit margins have risen to 5.4%, compared with 4.7% in the year-ago period.

Net Profit is Rs.37 cr up by 17.16% from previous qtr and UP by  A GOOD 28.32% from corresponding Qtr.

Basic EPS is Rs.3.13 compared to Rs.2.67 in Q2 FY 11 and Rs.2.436 (Rs.12.18 / 5)  in corresponding qtr, on a Face Value of Rs.2.

Thus, the results this quarter are QUITE GOOD.

RESULTS TABLE :

BRITANNIA	31-Dec-10	30-Sep-10	30-Jun-10	31-Dec-09
Net Sales	107997	109477	91283	88139
dif %1	1080	-1.35	18.31	22.53
Other Operating Income	289	276	297	423
Increase/decrease in Sit / wip	-322	-4051	1618	-118
Raw Materials	61160	64254	49775	47728
Traded Goods	11017	11911	8276	8962
Employees Cost	2949	2925	2585	2549
Depreciation	1058	1034	996	949
Other Expenditure	27670	29149	24962	25220
Total Expenditure	103532	105222	88212	85290
dif %2	1035	-1.61	17.37	21.39
Profit from Operations	4754	4531	3368	3272
DIF %3	48	4.92	41.15	45.29
Other Income5	1282	971	1994	704
Interest6	957	970	940	81
Exceptional Items7	-	130	-	698
Profit before tax	5079	4402	4422	3197
Tax expense	1345	1215	1139	287
Net Profit	3734	3187	3283	2910
DIF %4	37	17.16	13.74	28.32
Face Value (In Rs	2	2	10	10
Paid Up Equity	2389	2389	2389	2389
Basic EPS	3.13	2.67	13.74	12.18
Diluted EPS	3.12	2.67	13.74	12.18
Public holding (%)	49.04	49.04	49.04	49.04

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