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India's Britannia beats profit estimates on steady packaged foods demand

By Reuters News

Nov 5 (Reuters) - India's Britannia Industries BRIT.NS reported a quarterly profit that beat estimates on Thursday, as demand for its packaged foods and price increases subdued the impact of higher costs.

Consolidated profit stood at 7.21 billion rupees ($76.29 million) for the second quarter ended September 30, compared to 6.54 billion rupees a year earlier. Analysts, on average, expected 7.17 billion rupees, according to data compiled by LSEG.

($1 = 94.5075 Indian rupees)

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