Britannia stock rises as profit surges 65.68%

Britannia Industries ' stock rose in morning trade on Tuesday on 65.68 per cent increase in consolidated net profit at Rs 97.64 crore for the second quarter ended September 30, 2013.

The company had posted a consolidated net profit of Rs 58.93 crore for the same period previous fiscal.

Company's net sales increased to Rs 1,740.48 crore in the July-September quarter, up 12.82 per cent from Rs 1,542.67 crore during the same period last year, Britannia Industries said in a filing to the BSE.

Overall expenses during the quarter stood at Rs 1,615.95 crore, up 8.79 per cent as against Rs 1,485.27 crore in the corresponding quarter a year ago.

At 11: 27 am, the stock was trading  5.67 per cent or 50 points higher at Rs 925.60 on the BSE.
 
-With PTI inputs