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
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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.
For the quarter ended June 30, 2019, Britannia Industries reported a 5.9 per cent year-on-year (YoY) growth in consolidated net sales at Rs 2,677.3 crore, while its net profit fell by 3.7 per cent YoY
During the quarter, the company also posted an exceptional expense of Rs 15.61 cr on account of voluntary retirement cost incurred in one of its subsidiaries
Consolidated revenue rose at the rate of 6% to Rs 2,316 crore