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Britannia shares settle higher even as net profit declines 40% in Q3FY24

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Britannia s consolidated net profit rose 36% year-on-year (YoY) to Rs 458 crore for the quarter ended June 2023, missing estimates. It was Rs 337 crore in the year-ago quarter. An ET Now Poll saw the profit figure around Rs 518 crore. Revenue from operations during the first quarter rose 8% YoY to Rs 4,011 crore. The same stood at 3,701 crore in the last year period.

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