Britannia’s Q1FY25 Results
Britannia’s revenue increased 6% YoY
- 06 Aug 2024
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- Britannia reported a 4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6%.
- Its expenses for the quarter were up by 6% QoQ and 4% YoY.
- The net profit decreased 6% QoQ and increased 11% YoY.
- The earnings per share (EPS) of Britannia stood at 21 during Q1FY25.
Britannia's Financial Statements for Q1FY25:
| (₹ crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 4,065 | 4,127 | 4,306 | 4% | 6% |
Total expenses | 3,446 | 3,388 | 3,600 | 6% | 4% |
Profit before tax | 622 | 735 | 681 | -7% | 10% |
Tax | 167 | 198 | 176 | -11% | 6% |
Profit after tax | 455 | 537 | 505 | -6% | 11% |
Earnings per share | 19 | 22.4 | 21 |
Financials:
- Revenue: Revenue grew by 6% year over year to ₹4,306 crores, up from ₹4,065 crores in the previous year.
- Net Profit: Increased by 11% year-on-year to ₹505 crores in Q1FY25.
- Earnings Per Share (EPS): ₹21, compared to ₹19 in Q1FY24.
- Operating Profit Margins: Expanded by 50 bps YoY to 17.7%, compared to 17.2% last year.
- EBITDA: Rose by around 9% YoY to ₹753 crores, compared to ₹692 crores in the same quarter last year.
Management Commentary:
Mr. Varun Berry, Vice Chairman & Managing Director, said,
- “We came out of a challenging financial year that witnessed a consumption slowdown, particularly in Rural India. Our performance this quarter reflects the agile approach to a dynamic market environment and diligent market practices.
- 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. Our market share progressed well as an outcome of sustained investments in Brands, Product excellence, and Innovation.
- We continue to make positive strides in Rural as we expand distribution footprint and enhance product offerings to align with regional preferences, and well positioned to benefit from the consumption growth in Rural.
- As a result, rural market share grew at a faster clip than Urban. We are actively leveraging the rapidly growing Modern Trade and E-commerce channels, both growing handsomely compared to previous year. Additionally, we introduced the Pure Magic Stars and Golmaal variant during the quarter, which have contributed to heightened consumer excitement and strengthened our brand franchisees.”
Data Source: BSE, Company announcements
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