Britannia Industries has posted a net profit of Rs 116.5 crore for the quarter that ended on 31st March 2010. This net profit figure has declined by 35% in the quarter as compared to the same quarter in the last fiscal. Britannia, Industries produces and sells products across the bakery and dairy categories.

As per the analysts, heavy price rise of the commodities and the higher promotional expenses have affected the bottom line of the company.

So far as the net sales of the firm are concerned, it has gone up to Rs 3401.40 crore during the January-March period of fiscal year 2009-10.

It was Rs 3,112.21 crore for the same quarter last year. There has been a hike of 9.3% in the net sales of the firm this year against last year.

The annual net profit of the company was reported to be fallen down to Rs 34.34 crore for the year under review from Rs 416.64 crore last year with a decline of 34.34%.

The board has decided to recommend a dividend of each equity share of face value of Rs 10 into 5 equity shares of Rs 2 each for the financial year 2009-10 subject to the approval of the share holders.