Britannia Industries Ltd. (BIL), one of India’s leading food Companies, reported sales of Rs. 25,848 MM for the year ended 31st March 2008. This reflects a 17.5% growth over the previous year. Net Profit for the year at Rs. 1,910 MM grew by 77.6%. Operating margin improved by more than 300 basis points. For the last quarter of the year, the Company reported Net Sales of Rs. 6,928 MM & Net Profit of Rs. 610 MM, up 15.6% & 53.6% respectively, over the corresponding quarter last year.

The Board of Directors has recommended a dividend of Rs. 18 per share of Rs. 10 each. Total payout including Dividend Distribution Tax amounts to Rs. 503 MM for the year. th, 2008: Britannia Industries Ltd. (BIL), one of India’s leading food Companies, reported sales of Rs. 25,848 MM for the year ended 31st March 2008. This reflects a 17.5% growth over the previous year. Net Profit for the year at Rs. 1,910 MM grew by 77.6%. Operating margin improved by more than 300 basis points. For the last quarter of the year, the Company reported Net Sales of Rs. 6,928 MM & Net Profit of Rs. 610 MM, up 15.6% & 53.6% respectively, over the corresponding quarter last year.

The Board of Directors has recommended a dividend of Rs. 18 per share of Rs. 10 each. Total payout including Dividend Distribution Tax amounts to Rs. 503 MM for the year. st March 2008. This reflects a 17.5% growth over the previous year. Net Profit for the year at Rs. 1,910 MM grew by 77.6%. Operating margin improved by more than 300 basis points. For the last quarter of the year, the Company reported Net Sales of Rs. 6,928 MM & Net Profit of Rs. 610 MM, up 15.6% & 53.6% respectively, over the corresponding quarter last year.

The Board of Directors has recommended a dividend of Rs. 18 per share of Rs. 10 each. Total payout including Dividend Distribution Tax amounts to Rs. 503 MM for the year. Commenting on the performance, Ms. Vinita Bali, Managing Director, said, “The Company improved its market share during the quarter in an extremely competitive environment and sustained the top line momentum at 18% for the year on top of 28% delivered last year. Additionally, we accelerated investment behind brands and significantly improved margin.”

Britannia launched several new products in the last quarter giving consumers a variety of delicious and wholesome choices - ‘Tiger Banana’, fortified with iron; ‘GoodDay Classic’, range of premium cookies in 3 variants; Bread - fortified with vitamins & minerals and the addition of real fruit & fruit pulp in cake. The Company also introduced a range of its select power brands in Sri Lanka.

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