Britannia shares rise 2% after healthy growth in Q1 net profit; check details

The company informed stock exchanges on Saturday that its consolidated revenue from operations rose 4% to around ₹4,130 crore in the June quarter compared to ₹3,970 crore a year ago.

Consolidated net profit jumped 10.5% to ₹505.6 crore during the June quarter, compared to ₹457.5 crore in the year-ago period. Before exceptional items, net profit stood at ₹524 crore in Q1FY25, growing 14.5% year-on-year.

Commenting on the earnings, Britannia Industries vice chairman and managing director Varun Berry said: “We come out of a challenging financial year that witnessed consumption slowdown, particularly in rural India…We delivered a modest revenue growth of 4% during the quarter, driven by high single-digit volume growth and improved operating margins over last year.”

“We are committed to investing in capability enhancement and brand development while maintaining price competitiveness with the clear objective of driving market share and sustaining profits,” he added.

After the announcement, the Britannia Industries stock gained as much as 2.1% on Monday to hit an intraday high of ₹5,842.95 apiece on the National Stock Exchange of India (NSE). The share price has gained over 19% in the past one year compared with a 24% rise in the benchmark Nifty index.

Britannia Industries also announced on Saturday that its board of directors has approved the sourcing of renewable energy for its Ranjangaon factory in Maharashtra, and consequent investment of ₹4.3 crore, equivalent to a 26% stake in the equity share capital of special purpose vehicles of Amplus Energy Solutions Pte. Ltd, subject to due diligence by the company. The details of the acquisition will be intimated upon the completion of the transaction.

Britannia Industries shares are trading 0.3% higher at ₹5,740 apiece on the NSE at 12:00 pm.