Britannia Industries reported 118% jump in June-20 net profits at Rs.543 crore. The surge in profits was largely driven by robust demand for its cookies, cakes and biscuits, which helped Britannia to draw significant sales. As a trend, more Indian households turned to branded packaged foods to avoid any packaging risks and to avoid infections of any sort.

Total sales revenue grew 267% to Rs.3421 crore despite some headwinds in the last few months due to the mandatory lockdowns and the consequent impact on demand. The lockdown also forced factories to shut temporarily and caused labour shortage for manufacturers, which has impacted most of the FMCG businesses.

The CEO of Britannia admitted that once the lockdown was eased, the focus was on getting the distribution infrastructure back to pre-COVID levels. Britannia also focused heavily on expanding its rural and hinterland franchise. Britannia also witnessed moderate price inflation helping keep costs in check. Britannia also aggressively rationalized spends.