Britannia Industries Q1 Results Highlights: Net Profit Increases by 14.5%

Indian biscuit manufacturer Britannia Industries announced a consolidated net profit of ₹524 crore for the June quarter. The company's revenue for the quarter stood at ₹4,130 crore.

Britannia Industries Q1 Results Highlights

On August 2, Indian biscuit manufacturer Britannia Industries announced a consolidated net profit of ₹524 crore for the June quarter, reflecting a 14.5% increase from ₹458 crore in the same quarter of the previous financial year.

The company's revenue for the quarter stood at ₹4,130 crore, marking a 4% rise compared to ₹4,010.70 crore in Q1 FY25, according to a regulatory filing. At 10:40 AM, the company’s stock opened at a decline of ₹58.25, priced at ₹5670.40 on the BSE.

A Moneycontrol survey of ten brokerages indicated that Britannia Industries' revenue growth met expectations, projecting a 4% increase to ₹4,178 crore. The net profit was anticipated to be ₹517 crore, up from ₹458 crore in the corresponding quarter of the previous year. Check Britannia industries share price

Britannia Industries Management Commentary

Varun Berry, Vice Chairman & Managing Director said in the company statement, “We have come out of a challenging financial year that witnessed consumption slowdown, particularly in rural India. Our performance this quarter reflects the agile approach to a dynamic market environment and diligent market practices. Our market share progressed well as an outcome of sustained investments in Brands, Product excellence, and Innovation."

He further added, "We continue to make positive strides in rural as we expand distribution footprint and enhance product offerings to align with regional preferences, and well positioned to benefit from the consumption growth in Rural. As a result, rural market share grew at a faster clip than Urban. We are actively leveraging the rapidly growing Modern Trade and E-commerce channels, both growing handsomely compared to previous year. Additionally, we introduced the Pure Magic Stars and Golmaal variant during the quarter, which have contributed to heightened consumer excitement and strengthened our brand franchisee."

About Britannia Industries

Britannia Industries Ltd (BIL) specializes in the production and marketing of bakery and dairy goods. Their bakery range features items like biscuits, bread, croissants, cakes, wafers, and rusk, while their dairy offerings include milk, butter, cheese, ready-to-drink milk beverages, and yogurt.

BIL markets its products under several brand names, including Good Day, Treat, 50-50, Tiger, Crackers, Bourbon, Milk Bikis, MarieGold, and NutriChoice. They distribute and sell their products through various channels such as distributors, direct sales, vendors, and contract packers.

The company's products reach customers in the Asia-Pacific region, the Middle East, Europe, Africa, and the Americas. Britannia Industries Ltd operates manufacturing facilities throughout India and is headquartered in Bangalore, Karnataka, India.