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By Nishtha Pandey Sept 26, 2022 11:01:18 AM IST (Updated)
Britannia Industries, famous for biscuits brands Good Day biscuits and Tiger Biscuits, reported a decline of 13.24 percent in consolidated net profit at Rs 335.74 crore for the April-June quarter as compared to Rs 387.01 crore in the corresponding period a year ago.
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Shares of Britannia Industries went up by 0.6 percent in early morning trade after the company’s board said that it had elevated Varun Berry to executive vice-chairman and managing director with immediate effect.
At 10:11 am, shares of Britannia Industries were trading at Rs 3807, up 0.41 percent from the previous close on the BSE.
The multinational bread corporation, on Friday, September 23, also declared Rajneet Kohli's appointment as executive director and CEO, beginning on September 26, 2022. Kohli will report to Berry.