New Delhi: Britannia Industries on Tuesday posted 20.47 percent rise in net profit to Rs 45.60 crore for the second quarter ended September 30, 2012.

The company had reported a net profit of Rs 37.85 crore during the corresponding period of previous fiscal.

Net sales of the company rose to Rs 1,402.80 crore for the second quarter, as against Rs 1,290.48 crore in the same period of 2011-12 fiscal, Britannia Industries said in a statement.

Commenting on the results Britannia Industries Managing Director Vinita Bali said: "Despite a sharp and unexpected increase in commodity and fuel cost, we continue to drive profitable growth through focusing on three priority areas of revenue management, cost management and innovation".

Shares of Britannia Industries on Tuesday closed at Rs 479.85 on the BSE, up 1.08 percent from its previous close.

(Agencies)

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