Britannia Industries today reported a 23 per cent year-on-year decline in its consolidated net profit to Rs. 384.22 crore for the quarter ended September, which was below analysts’ expectations of Rs. 447 crore. The biscuit maker’s consolidated total revenue from operations, however, rose 5.5 per cent on-year to Rs. 3,607.4 crore for the reported quarter, which was largely in line with estimates.
