Britannia Industries Ltd. consolidated net profit rises by 118.26 per cent yoy in Q1FY21

Britannia Industries Ltd., an Indian food-products corporation and a part of the Wadia Group announced its quarterly results on July 17, 2020.                                        
The company posted a consolidated net profit of Rs 542.68 crore for Q1FY21 , which increased by 118.26 per cent, as compared to Q1FY20 when it reported Rs 248.64 crore.                                        
The consolidated net sales reported in Q1FY21  came in at Rs 3,420.67 crore, which increased by 26.68 per cent YoY from Rs 2,700.35 crore in Q1FY20.                                        
At EBITDA level, the company stood at Rs 716.93 crore in Q1FY21  that increased by 81.66 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 394.66 crore.                                        
EBITDA margin as of Q1FY21  was at 20.96 per cent that increased by 634 bps YoY. The net profit margin in Q1FY21  came in at 15.86 per cent , which increased by 665 bps YoY. The net profit margin in Q1FY20 was at 9.21 per cent.    

The stock closed 1.81 per cent down at Rs 3,784.10 on BSE.