Britannia Industries Q2 Results: Revenue Grows 5%

Britannia Industries Ltd reported a 10% drop in its consolidated net profit for the second quarter, with earnings at ₹531 crore for the period ending September 2024, compared to ₹588 crore in the same quarter last year.

Britannia Industries Q2 Results Highlights

• Revenue: Rose 5% YoY to ₹4,668 crore in the second quarter, compared with ₹4,433 crore in the same quarter of last year.
• Net Profit: ₹531 crore in the quarter ended September 2024.
• Stock Market: On Monday, Britannia’s shares ended the trading day nearly 6% lower at ₹5,404.9 on the NSE.

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Britannia Industries Management Commentary

The company reported an 8% increase in volume during the second quarter, and management noted that the sequential rise in revenue and operating profits is a satisfactory outcome, especially given the challenging environment of significant commodity inflation and subdued consumer demand across most FMCG categories. 

"We are committed to investing in capability enhancement and brand development with the clear objective of driving market share and sustaining profits," said Varun Berry, Vice Chairman & Managing Director, Britannia said.

"The preliminary results of the pilots across 25 cities covering more than 50,000 outlets are encouraging," Britannia said.

Stock Market Reaction after Britannia's Quarter Results

On Monday, Britannia’s shares closed the trading session down by nearly 6%, settling at ₹5,404.9 on the NSE.

About Britannia Industries

Britannia Industries Ltd (BIL) is engaged in the manufacturing and marketing of a wide range of bakery and dairy products. Its bakery offerings include biscuits, bread, croissants, cakes, wafers, and rusk, while its dairy range covers milk, butter, cheese, ready-to-drink milk beverages, and yogurt. BIL markets these products under well-known brands like Good Day, Treat, 50-50, Tiger, Crackers, Bourbon, Milk Bikis, MarieGold, Winkin Cow, and NutriChoice. The company distributes its products through a network of distributors, direct sales, vendors, and contract packers, with a reach extending across Asia-Pacific, the Middle East, Europe, Africa, and the Americas.