BENGALURU/CHENNAI (Reuters) – Indian biscuit maker Britannia Industries beat estimates for fourth-quarter profit on Friday, aided by strong demand from urban consumers amid stable raw material prices.
Britannia, which sells Jim Jam and NutriChoice biscuits, reported a consolidated net profit of 5.38 billion rupees ($64.5 million) for the three months ended March 31, compared with 5.59 billion rupees a year earlier.
Analysts had expected a profit of 5.37 billion rupees, according to data from LSEG.
($1 = 83.3781 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru and Praveen Paramasivam in Chennai; Editing by Shinjini Ganguli)
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