For the second quarter ended 30 September, Britannia s gross margin was at 42.9 per cent, up from 41.9 per cent in the first quarter and 38.9 per cent a year earlier, , britannia
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Britannia, which also sells cakes and breads, on Friday posted a consolidated profit of 4.58 billion rupees ($55.36 million) for the first quarter ended June 30, while analysts polled by Refinitiv were looking at a profit of 5.01 billion rupees.
Shares of India s Britannia
Industries fell as much as 3.6% on Monday to a
two-month low as analysts raised growth concerns after price
cuts dragged the biscuits maker s quarterly profits below.