Britannia's profit climbs 36pc

BENGALURU, Aug 05 (Reuters): India's Britannia Industries reported a near-36 per cent jump in quarterly earnings on Friday as the Marie Gold biscuits maker stocked up its products in mom-and-pop stores across rural markets.

Britannia, which also sells cakes and breads, posted a consolidated profit of 4.58 billion rupees in the first quarter, compared with 3.37 billion rupees a year. Sales of chocolates and biscuits have defied the inflation-led volatility in demand for branded consumer goods.