Britannia Industries Ltd's Q3FY25 Quarterly Results

Result Summary

• Britannia Industries Ltd reported a 1.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8.1%.
• Its expenses for the quarter were down by 3.0% QoQ and up 9.3% YoY.
• The net profit increased 9.5% QoQ and increased 4.8% YoY.
• The earnings per share (EPS) of Britannia Industries Ltd stood at 24.1 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Britannia Industries Ltd is a leading player in the Indian food industry, renowned for its extensive range of bakery and dairy products. The company is a major manufacturer of biscuits, bread, cakes, rusk, and dairy goods, including cheese and milk-based beverages. Britannia has a significant presence in the Indian market and continues to expand its footprint internationally. The company has been focused on innovation and quality, making it a trusted brand among consumers. Recently, Britannia has been concentrating on expanding its product portfolio and enhancing its supply chain capabilities to meet growing consumer demand.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Britannia Industries Ltd reported a total income of ₹4655.08 crores. This represents a decrease of 1.2% from the previous quarter (Q2FY25), where the total income was ₹4713.57 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), there is an increase of 8.1% from ₹4306.89 crores. This year-over-year growth highlights a positive upward trend in revenue generation over the past year. Despite the quarter-over-quarter decline, the company has managed to sustain its income levels above the prior year's comparative period.

Profitability

Britannia Industries Ltd's profitability in Q3FY25 shows a mixed performance. The profit before tax for this quarter stood at ₹780.43 crores, marking an 8.6% increase from the preceding quarter's profit before tax of ₹718.55 crores. When compared year-over-year, the profit before tax increased by 2.7% from ₹759.57 crores in Q3FY24. The company incurred a tax expense of ₹196.09 crores in Q3FY25, which is 6.8% higher than the tax of ₹183.60 crores in Q2FY25, but 3.2% lower than the tax expense in Q3FY24, which was ₹202.57 crores. The profit after tax for Q3FY25 was ₹582.30 crores, reflecting a 9.5% increase from the previous quarter and a 4.8% increase from the same quarter last year.

Operating Metrics

In terms of operating metrics, Britannia Industries Ltd has demonstrated stability and growth. The earnings per share (EPS) for Q3FY25 was ₹24.10, which represents a 9.0% increase from the EPS of ₹22.10 in Q2FY25. Compared to Q3FY24, the EPS saw a growth of 4.3% from ₹23.10. Total expenses for Q3FY25 were reported at ₹3874.65 crores, which is 3.0% lower than the expenses in Q2FY25, amounting to ₹3994.87 crores. However, on a year-over-year basis, total expenses increased by 9.3% from ₹3544.42 crores in Q3FY24. This data indicates a decrease in quarter-over-quarter expenses and an increase in year-over-year expenses.

Overall, Britannia Industries Ltd has shown financial resilience, maintaining a positive trajectory in earnings and profitability metrics despite some fluctuations in revenue and expenses.