Britannia Q2 Results Highlights: Net profit declines 9.6% to ₹531.45 crore, revenue up 4%

Commenting on the performance, Varun Berry, Vice Chairman & Managing Director, said, "A ~8% volume growth with a sequential increase in revenue and operating profits are satisfactory results in the face of severe commodity inflation leading to a tepid consumer demand scenario in most FMCG categories. In the context of steep rise in prices of key commodities such as Wheat, Palm, Cocoa etc, we demonstrated agility in initiating focused pricing actions and identifying new levers for cost optimization across the value-chain. As a result, we maintained a healthy operating margin of ~15.5% during the quarter. We are committed to investing in capability enhancement and brand development with the clear objective of driving market share and sustaining profits."

He added, "Our agenda of being a 'Total Global Foods Company' is progressing well with our adjacent businesses such as Croissant, Milk Shakes, Wafers and International growing at a healthy pace. Making strides in this direction, we are working on redefining our distribution strategy to optimize range distribution and improve outlet servicing, and the preliminary results of the pilots across 25 cities covering more than 50,000 outlets are encouraging. We reaffirm our commitment to our ESG framework of People, Growth, Governance and Resources and shall continue to focus on our initiatives to build a Sustainable and Profitable business."

• Good Day
• Marie Gold
• 50-50
• Milk Bikis
• Tiger
• Jim Jam
• Bourbon
• Toastea
• Treat Croissant
• Gobbles

• Nusli N Wadia, Chairman
• Varun Berry, Executive Vice-Chairman and Managing Director
• Rajneet Singh Kohli, Executive Director and CEO
• N Venkataraman, Executive Director and CFO
• Ness N Wadia, Non-executive Director Non-independent Director
• Ajay Shah, Non-executive Independent Director
• YSP Thorat, Non-executive Independent Director
• Tanya Dubash, Non-executive Independent Director
• Pradip Kanakia, Non-executive Independent Director
• Sunil S Lalbhai, Non-executive Independent Director
• Urjit Patel, Non-executive Independent Director

• Traded volume: 3.47 lakh
• Traded value: ₹200.53 crore
• Market capitalisation: ₹1,36,307.37 crore
• Free float m-cap: ₹66,628.64 crore

• Current price: ₹5,695.9 (-0.89%)
• Previous close: ₹5,747.1
• Open: ₹5,801.6
• Low: ₹5,678.1

According to analysts, the company might post an increase of around 7% in revenue from operations and net profit for Q2 FY25.

The net profit might be in the range of ₹628 to ₹636 crore compared to ₹587 crore in the same period last fiscal. The revenue could be around ₹4,750 crore.

Britannia Industries results: How the company performed in Q1 FY25

In the first quarter of the financial year 2024-025, Britannia Industries posted a 14.5% jump in its consolidated net profit to ₹524 crore, up from ₹458 crore in the year-ago period.

Revenue from operations stood at ₹4,130 crore, up 45 from 4,010.70 in Q1 FY24.

Britannia Industries share price

Ahead of earnings, shares of Britannia Industries are trading 0.9% higher at ₹5,799.75 per share on the NSE. The company's market capitalisation stands at ₹1,39,697.59 crore.

On the BSE, the stock is up 0.65% to ₹5,786.15 apiece.