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Britannia Industries seeks bids for 8.6 acres in Chennai land sale: Report

12 Aug 2013 Evaluate

Britannia Industries, which reported nearly two-fold rise consolidated net profit to Rs 89.58 crore for the first quarter ended June 30, 2013, is reportedly seeking bids for 8.6 acres in Chennai land sale.

Meanwhile, the biscuit and cheese maker's net sales in the April-June quarter rose 14% from a year ago to Rs 1,540 crore. Its operating margin for the three-month period expanded to 7.7% from 4.7 percent in the year ago quarter.

Peers
Company Name CMP
Nestle India 1382.00
Varun Beverages 435.55
Britannia Industries 4937.00
LT Foods 430.00
Hatsun Agro Product 1157.65
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