February 12, 2018 / 12:25 PM / in 3 months

Britannia Industries third-quarter profit jumps 20 percent, misses estimates

(Reuters) - Packaged food major Britannia Industries Ltd posted a 20 percent increase in quarterly profit on Monday, but missed street estimates.

A worker sorts broken biscuits on a conveyor belt at the Britannia factory in New Delhi June 3, 2011. REUTERS/Adnan Abidi/Files

Net profit for the three-months ended Dec. 31 stood at 2.64 billion rupees ($41.05 million) versus 2.20 billion rupees a year ago, the biscuit-maker said. bit.ly/2G4dvbe

Analysts expected a profit of 2.74 billion rupees, Thomson Reuters data showed.

Total revenue from operations grew 9 percent to 25.67 billion rupees.

($1 = 64.3050 Indian rupees)

Reporting By Arnab Paul and Vishal Sridhar in Bengaluru; Editing by Biju Dwarakanath

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