Britannia Industries Results

Britannia Industries posts 14% profit growth in Q1, but higher fuel and shipping costs linked to West Asia tensions weigh on margins and earnings

Bakery food company Britannia Industries Ltd on Thursday reported a 21.56 per cent rise in consolidated net profit to Rs 679.68 crore for the March quarter of FY26. The company had posted a net profit of Rs 559.13 crore in the January-March quarter a year ago, according to a regulatory filing by Britannia Industries. Britannia Industries' revenue from the sale of products rose 7 per cent to Rs 4,685.95 crore in the March quarter. Its revenue from operations increased 6.46 per cent to Rs 4718.92 crore in the fourth quarter of FY26. It was Rs 4,432.19 crore a year ago. Britannia's total expenses climbed 6.2 per cent to Rs 3,969.96 crore in Q4 FY26. The total income of Britannia, which includes other income, rose 6.2 per cent to Rs 4,774.37 crore in the March quarter. Commenting on the results, its Managing Director and Chief Executive Officer Rakshit Hargave said, "The Business witnessed a steady start to the quarter, with growth of 9 per cent in the first two months, before modera

Berry, who was serving as the Executive Vice-Chairman and MD at Britannia, also got re-designated as the CEO in May following Rajneet Kohli's resignation in March

Britannia Industries shares gained 5 per cent after the FMCG major reported a Y-o-Y profit growth of 23.1 per cent

The FMCG sector in general may have seen a poor year in terms of demand but there's analyst consensus demand is picking up and the worst may be behind the sector

The operating margins contracted by 110 basis points to 17.3 per cent during the March quarter from 18.4 per cent in the year-ago period due to price cuts undertaken during the quarter under review

The weak earnings come in face of intense price competition. The company has previously mentioned reducing certain product prices after competitors took advantage of declining raw material expenses

He also said that the company is rapidly evolving in digital marketing and is leveraging digital in e-commerce

The maker of Good Day and Marie Gold biscuits saw its PBIDT at Rs 745.8 crore. It was down 13.4 per cent on a quarter-on-quarter basis

The maker of Good Day and Marie Gold biscuits saw its PBIDT at ~861.3 crore

Berry told Business Standard in an interview that the company was aiming to increase its revenues from cheese products by five times within the next five years

It sells 49 per cent stake in Britannia Dairy for Rs 262 crore

FMCG major has been gaining market share for 38 consecutive quarters now, stands at 15-yr high

CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent

Analysts, on average, expect the company to post a 2 per cent drop in core profit-after-tax (PAT) to Rs 378 crore in Q1FY23 from Rs 387 crore in the year-ago period.

Its stock price is up 20% since the beginning of August, against 10% rally in Sensex

Analysts forecast a high, single-digit growth in sales volume along with up to 25 per cent YoY growth in net profit for the FMCG giant

Stock hits all-time high on growth uptick in April, May

The FMCG major said that after the initial hiccups, the firm coped up well and witnessed 20 per cent rise in revenues in April, and 28 per cent in May

Net sales were up 5.88 per cent to Rs 3,022.91 crore during the quarter under review as against Rs 2,854.81 crore of the corresponding quarter previous fiscal.