Britannia Q3 Outcomes: Main biscuits maker Britannia Industries Ltd on Thursday reported a 4.8 per cent rise in consolidated internet revenue to Rs 582.3 crore for the third quarter ended December 2024, helped by quantity beneficial properties and worth hikes.
The corporate had posted a internet revenue of Rs 555.66 crore within the October-December quarter a yr in the past, in accordance with a regulatory submitting from Britannia Industries.
Income from operations rose by 7.9 per cent to Rs 4,592.62 crore within the December quarter in comparison with Rs 4,256.33 crore within the corresponding quarter.
Commenting on the outcomes, Vice Chairman & Managing Director Varun Berry stated: “Regardless of the continuing subdued demand throughout FMCG classes and elevated aggressive pressures, we achieved a powerful efficiency, with each worth and quantity rising about 6 per cent every on a year-on-year foundation.” The inflation on key enter supplies of Wheat, Palm Oil, Cocoa and so forth. Stays on an upward trajectory, which we mitigated via even handed worth will increase, centered model investments and stuck value leverage, serving to us maintain working margins whereas sustaining competitiveness, he stated.
Whole bills of Britannia Industries, which owns common manufacturers corresponding to Good Day, Tiger, NutriChoice, Milk Bikis, and Marie Gold, elevated 9.3 per cent within the December quarter to Rs 3,874.65 crore.
“Our adjoining companies corresponding to Dairy Drinks, Croissant and Wafers witnessed double-digit growths,” stated Berry.
Britannia’s complete earnings was at Rs 4,655.08 crore within the December quarter, up 8.08 per cent.
It continued increasing its distribution community, reaching on to about 29 Lakh shops nationwide.
Over the outlook, Berry stated Britannia will carefully monitor the commodity worth inflation and implement focused worth will increase for particular manufacturers and classes, as wanted.
“Our focus shall proceed to be on driving market share whereas sustaining profitability,” he stated.
Britannia Industries shares on Thursday settled at Rs 4,958.95 apiece on BSE, up 0.56 per cent from its earlier shut.
