Britannia Industries Ltd.

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.