Britannia Ind Q2 net profit rises 33%

Britannia Ind posted a profit before tax (PBT) of Rs 498 crore for the second quarter ended September 30, 2019 (Q2FY19), up 8.5 per cent when compared with the corresponding period of the previous fiscal. The net profit for the period grew 33 per cent to Rs 403 crore on a yoy basis on account of re-measurement of deferred tax in accordance with lower corporate tax rate. It reported a consolidated revenue growth of 6 per cent for the quarter at Rs 3,049 crore on YoY basis, in line with industry estimates.