Britannia Industries, a bakery food company, has reported a 40.4% decline in consolidated net profit for the third quarter ended December 2023. The net profit stood at Rs 555.66 crore, compared to Rs 932.40 crore in the same quarter the previous year. The company’s net sales during the third quarter of the current fiscal grew by 2.2% to Rs 4,191.83 crore. The decline in net profit is attributed to the higher base in the year-ago quarter, which included gains on the sale of a 49% equity stake in Britannia Dairy Private.
Britannia Industries Reports 40.4% Decline in Q3 Net Profit
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/02/07171228/newindianexpress_2024-02_06341ffc-6a34-4c30-8413-d94823412ce5_2024020631157821-ezgif.com-avif-to-jpg-converter-860x589.jpg)