Britannia share price rises over 1% amid positive Q3 numbers; check key details

Shares of the FMCG firm Britannia Industries Ltd saw a positive start on Friday, February 7, as it reported a 4.8% rise in consolidated net profit on Thursday to ₹582.3 crore for the third quarter ended December 2024, helped by volume gains and price hikes.

The company had posted a net profit of ₹555.66 crore in the October-December quarter a year ago, according to a regulatory filing from Britannia Industries.

Shares of the biscuit maker surged 1.23% on BSE to ₹5019.85 apiece during the morning trade. On NSE, the company was trading up 0.82%.

Its revenue from operations increased 7.9% to ₹4,592.62 crore in the December quarter as against to ₹4,256.33 crore in the corresponding quarter.

Commenting on the results, Vice Chairman & Managing Director Varun Berry said: "Despite the ongoing subdued demand across FMCG categories and increased competitive pressures, we achieved a strong performance, with both value and volume growing about 6% each on a year-on-year basis."

The inflation on key input materials of Wheat, Palm Oil, Cocoa etc. remains on an upward trajectory, which we mitigated through judicious price increases, focused brand investments and fixed cost leverage, helping us sustain operating margins while maintaining competitiveness, he said.

Total expenses of Britannia Industries, which owns popular brands such as Good Day, Tiger, NutriChoice, Milk Bikis, and Marie Gold, increased 9.3% during the reporting quarter to ₹3,874.65 crore.

"Our adjacent businesses such as Dairy Drinks, Croissant and Wafers witnessed double-digit growths," said Berry.

Britannia's total income was at ₹4,655.08 crore in the December quarter, up 8.08%.

Over the outlook, Berry said Britannia will closely monitor the commodity price inflation and implement targeted price increases for specific brands and categories, as needed.

"Our focus shall continue to be on driving market share while sustaining profitability," he said.