Britannia Industries Limited announced an 8% volume growth for the second quarter of FY25, reflecting strong operational resilience in a challenging market environment. Despite facing steep commodity inflation, particularly in key inputs like wheat, palm oil, and cocoa, the company managed to achieve sequential growth in both revenue and operating profits.
Varun Berry, Vice Chairman & Managing Director of Britannia, commented on the results, stating, “An ~8% volume growth with a sequential increase in revenue and operating profits are satisfactory results in the face of severe commodity inflation leading to a tepid consumer demand scenario in most FMCG categories.” He added that the company demonstrated agility by implementing focused pricing actions and identifying new cost optimization levers, which helped maintain a healthy operating margin of approximately 15.5%.
Britannia’s commitment to becoming a “Total Global Foods Company” remains on track, with strong performance in adjacent businesses such as Croissants, Milk Shakes, Wafers, and its International segment. The company also reported progress in its new distribution strategy, which is being piloted in 25 cities covering over 50,000 outlets, showing promising preliminary results.
Q2FY25 Financial Highlights (YoY):
- Revenue from Operations: Rs 4,667.57 crore, up by 5.3% from Rs 4,432.8 crore in Q2FY24.
- Profit for the Period: Rs 531.55 crore, a decline of 9% compared to Rs 586 crore in Q2FY24.
