Britannia Beats Profit Estimates on Steady Packaged Foods Demand
Britannia Industries reported consolidated profit of 7.21 billion rupees for the second quarter ended September 30, beating estimates. Packaged-food demand and price increases helped offset higher costs.
India's Britannia Industries NSE:BRITANNIA reported a quarterly profit that beat estimates on Thursday, as demand for its packaged foods and price increases subdued the impact of higher costs.Consolidated profit stood at 7.21 billion rupees ($76.29 million) for the second quarter ended September 30…