Britannia Industries announced its Q3 results for the financial year 2024-25, reporting a consolidated net profit of ₹582 crore, a 5% increase compared to ₹556.39 crore in the same quarter last year. The company’s revenue for Q3 stood at ₹4,592.62 crore, up 7.9% from ₹4,256.33 crore in the corresponding period last year.
The company, which sells ‘Jim Jam’ and ‘NutriChoice’ biscuits, reported a 5 percent increase in consolidated net profit to Rs 582 crore ($66.43 million) for the three months that ended December 31. The Fast-moving consumer goods (FMCG) firm’s revenue from core operations rose 6.4 percent to ₹4,463 crore in that third quarter, compared year-on-year (YoY) with ₹4,191.83 crores in the same quarter a year ago, according to the consolidated financial statements.
Britannia’s total expenses for the third quarter rose 9 per cent to ₹3,875 crore due to the rise in the cost of materials consumed to manufacture the products, compared to ₹3,544 crore in the same period a year ago.
The cost of materials consumed rose nearly 24 percent to ₹2,630 crore in the October to December quarter, compared to ₹2,129 crore in the same quarter of the previous financial year.
Britannia Industries Share Price
Britannia Industries Ltd shares closed 0.56 percent higher at ₹4,958.95 after Thursday’s trading session, compared to ₹4,931.35 at the previous market close. The company announced its third-quarter results after stock market operating hours on February 6.
This paper incorporated the data obtained from the BSE website to tell that the Indian Motown Company hit its record-high share price of ₹ 6,473.10 on December 3rd, 2024.
This market capitalization, or the market price of Rs 1.19 lakh crore, was considered relevant after the market shut down at the end of February 6 this year.
Britannia Industries shares have given stock market investors nearly 53 percent returns in the last five years. However, the shares are trading 0.68 percent lower in the one-year period. Britannia Industries’ shares have gained 3.75 percent on a year-to-date (YTD) basis.
Britannia’s Q3 Earnings At A Glance
- Net Profit: ₹582.3 crore, a 4.8% YoY increase1. Some sources report a 4.5% rise.
- Revenue: ₹4,592.6 crore, a 7.9% YoY increase1.
- EBITDA: ₹844.9 crore, a 2.9% YoY growth1.
- Domestic Volume Growth: 4-5%, aligning with estimates.
While the company’s net profit and revenue exceeded expectations, its EBITDA margin experienced a slight decrease, standing at 18.4% compared to 19.3% YoY1. Despite this, the management aims to maintain the EBITDA margin in the 17-18% range.