Britannia Industries announced a strong performance for the first quarter, ending June 30, with notable increases in profit and revenue.
Key Financial Highlights:
| Metric | Current Quarter | Previous Year | Change |
|---|---|---|---|
| Consolidated Profit | ₹506 crore | ₹458 crore | +10.5% YoY |
| Revenue | ₹4,130 crore | ₹3,964 crore | +4% YoY |
| EBITDA | ₹753 crore | ₹692 crore | +9% YoY |
| Operating Margin | 17.7% | 17.2% | +50 bps |
Performance Insights:
- Revenue Growth: The company’s revenue grew by 4% year-on-year, reaching ₹4,130 crore.
- Profit Increase: Consolidated profit after tax (PAT) rose 10.5% to ₹506 crore.
- Margin Expansion: Operating profit margins improved to 17.7%, up from 17.2% last year.
- EBITDA: The EBITDA saw an increase of around 9%, totaling ₹753 crore.
Management Commentary:
Britannia’s Managing Director, Varun Berry, highlighted that the modest revenue growth was driven by high single-digit volume increases and improved operating margins. Berry emphasized that the company has adapted well to market challenges and noted a significant rise in rural market share.
Berry also mentioned the company’s strategic focus on expanding in the Modern Trade and E-commerce channels, which have grown significantly compared to the previous year. New product launches, including Pure Magic Stars and Golmaal variants, have generated positive consumer response and bolstered the brand’s market presence
