Britannia Industries, a leading manufacturer of food products, witnessed a sharp rise in share price on Friday after it disclosed a sharp rise in consolidated net profit for the quarter ended March 2015.  During the quarter, the profit of the company rose 55.35% to Rs 1,672.50 million from Rs 1,076.60 million  in the same quarter last year.

Net sales for the quarter  rose 13.86% to Rs 20,636.40 million, compared with Rs 18,124 million for the prior year period.

Shares of Britannia Industries are trading at Rs 2,450.40, up Rs 165.05, or 7.22% at the Bombay Stock Exchange (BSE) on Friday at 9:56 a.m.

Total volume of shares traded on the bourses today was higher by 7.11% to 396,958 compared with 22-day average volume of 370,621.