AIMING FOR THE SKY

Article Abstract:

Britannia Industries (BI) has increased its sales by 12 percent and net profit by 62 percent in 1997-98. Its gross margins increased to 6.31 percent in 1997-98 from 4.81 percent in 199697. The company has entered into a technical collaboration with Group Danone of France to launch cheese products and dairy whitener. It also plans to introduce mineral water and milk based beverages with the help of the French company. It has introduced 14 new products including the tiger brand of biscuits in 1997-98. It plans to concentrate more on exporting biscuits to Russia, Sri Lanka and Africa. The Foreign Investment Promotion Board has given permission to Group Danone to increase its holding in BI to 50.20 percent. (khr) -------------------------------------------------------- Financial Results of Britannia Industries (Rs in crore) -------------------------------------------------------- Particulars 1997-98 1996-97 -------------------------------------------------------- Net sales 847.84 752.33 -------------------------------------------------------- Other income 11.34 11.66 -------------------------------------------------------- Interest 4.92 5.48 -------------------------------------------------------- Depreciation 11.82 7.27 -------------------------------------------------------- Tax 13.47 11.60 -------------------------------------------------------- Net profit 28.93 17.88 -------------------------------------------------------- Equity capital 18.57 18.57 -------------------------------------------------------- Reserves 112.78 83.85 -------------------------------------------------------- Earnings per share (Rs) 15.58 9.63 --------------------------------------------------------

Comment:

Ups sales by 12% and net profit by 62% in 1997-98 and gross margins up 6.31% in 1997-98

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BRITANNIA NET UP 62%, TO PAY 50%

Article Abstract:

Britannia Industries Ltd (BIL), a biscuit producer, has reported a 62 percent rise in its net profit during 1997-98. During this period, its sales grew by 13 percent. Sales of biscuits in volume terms increased by 6 percent after the introduction of its Tiger brand. ------------------------------------------------------------ Financial Performance of Britannia Industries Ltd (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Sales 847.80 752.30 ------------------------------------------------------------ Profit Before Tax 42.40 29.50 ------------------------------------------------------------ Net Profit 28.90 17.90 ------------------------------------------------------------

Comment:

Reports 62% rise in its net profit during 1997-98 with sales growing by 13%

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TAMIL NADU NEWSPRINT AND PAPERS LIMITED

Article Abstract:

Tamil Nadu Newsprint and Papers Limited of Chennai has announced its unaudited financial results for the quarter ended September 30, 1998. (gs)

Newsprint, Newsprint Mills, TAMIL NADU NEWSPRINT AND PAPERS Ltd.

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