Biscuit major Britannia Industries on Wednesday saw September-quarter profit beat street estimates amid stable commodity costs. The company reported a 23.1% year-on-year rise in consolidated net profit to Rs 654 crore in Q2, ahead of Bloomberg consensus estimates of Rs 592 crore for the period. However, consolidated revenue growth was sluggish at 3.7% year-on-year to Rs 4,841 crore amid GST transitional issues in Q2. Street estimates had pegged Q2 revenue at Rs 4,951 crore.

The company, which sells ‘Marie Gold’ and ‘Bourbon’ biscuits, reported a 21.8% year-on-year growth in consolidated Ebitda to Rs 955 crore in the second quarter, higher than analysts’ estimates. Bloomberg consensus estimates had pegged Ebitda at Rs 855 crore for the period. Ebitda margins also improved by 290 basis po

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