Britannia industries reported their results of June end quarter posting a 19.4% incline in net consolidated profit at Rs.258.08 crore with respect to The same quarter of previous year. The company reported a profit at Rs.216 crore during the April-June 2017 quarter.

Britannia industries total revenue stood at Rs.2585.84 crore, showing a 8.87% increase as compared to the total revenue of Rs.2375.01 crore of the corresponding year of same period.

Although the company has witnessed a decline in profit as compared to the march end quarter of FY18 which was posted at Rs.263.79 crore.

The company stated that the revenue reported, part of total income, for the quarter ended in June 2018 is not comparable to any of the previous period due to the implementation of GST effective from 1st July 2017.

After the release of the financial report the stock prices of Britannia Industries witnessed much volatility during the trading session.

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