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Britannia Industries Q2 Results: Net Profit Misses Estimates Amid Inflation Pressure

Britannia Industries’ net profit fell 1% sequentially to Rs 384.22 crore in the quarter ended September.

Sesa Sen
Britannia biscuits on display in a shop. (Photo: BloombergQuint)

Britannia Industries Ltd.’s quarterly profit declined missing estimates amid a spike in inflation in palm oil, industrial fuel and packaging.

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Sesa Sen
Sesa is Principal Correspondent tracking India's consumption story. She wri... more
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GST Rejig: Post-Sale Discounts To Dealers Not Subject To GST, Says CBIC

  • chevron-double-right Recipients of goods need not reverse ITC when receiving discounts via credit notes
  • chevron-double-right Dealer discounts for competitive pricing are treated as price reductions, not GST
  • chevron-double-right Discounts under agreements with end customers form part of the overall consideration
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