New Delhi: Britannia Industries Ltd on Monday reported an increase of 4.96 percent in consolidated net profit at Rs 377.95 crore for the fourth quarter ended March 2022, led by an increase in topline and volume growth.

The company had posted a net profit of Rs 360.07 crore in the January-March quarter a year ago, it said in a regulatory filing.

Britannia Industries' total expenses were at Rs 3,085.45 crore, up 14.19 percent in t fourth quarter of FY 2021-22. It was at Rs 2,701.87 crore in the previous year.

"In this quarter, we delivered a robust topline growth of 15 percent and a mid-single-digit volume growth, which demonstrates the resilience of our brands and a reflection of our execution strengths across divisions. and channels," said Britannia Industries Managing Director Varun Berry.

The company continued to accelerate its rural journey during the quarter with a focus on enhancing its reach.

While talking about inflation, Berry said the economy was impacted by global geopolitical factors which caused a further surge this quarter.

Source- PTI