Company Meeting Britannia Industries Limited

Speech delivered by Mr. M. M. Sabharwal, Chairman, Britannia Industries Limited, at the Annual General Meeting at Calcutta on 10th November, 1982.
The results for the year ended Juno 1982 have shown an impres-sive improvement. The turnpver at Rs. 93.68 crores increased by 26% and profit before tax at Rs. 5.20 crores increased by over 50% on monthly average basis compar-ed with the results of the previous year which comprised a 15-month period. Profit before depreciation and tax at Rs. 6.11,72,000 is the hightest on record. Exports ex-ceeded the Rs. 10-crore mark, again the highest on record and an improvement of 100% over the previous year. This all-round im-provement was achieved by the