[ad_1]
Britannia Q3 Outcomes: Main biscuits maker Britannia Industries Ltd on Thursday reported a 4.8 per cent rise in consolidated web revenue to Rs 582.3 crore for the third quarter ended December 2024, helped by quantity good points and worth hikes.
The corporate had posted a web 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 mentioned: “Regardless of the continued subdued demand throughout FMCG classes and elevated aggressive pressures, we achieved a robust 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 on. Stays on an upward trajectory, which we mitigated by means of considered worth will increase, targeted model investments and stuck price leverage, serving to us maintain working margins whereas sustaining competitiveness, he mentioned.
Complete bills of Britannia Industries, which owns well-liked manufacturers similar 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 similar to Dairy Drinks, Croissant and Wafers witnessed double-digit growths,” mentioned 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 retailers nationwide.
Over the outlook, Berry mentioned 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 mentioned.Britannia Industries shares on Thursday settled at Rs 4,958.95 apiece on BSE, up 0.56 per cent from its earlier shut.
[ad_2]
Source link
