Britannia Industries started FY24 on a high note, with a 10.51% increase in net profit, reaching ₹505.64 crore. This growth came from strong demand, smart cost-saving, and strategic market moves.
Their revenue also grew by 4.03%, hitting ₹4,129.92 crore. Britannia’s focus on innovation and expansion keeps them strong in a competitive market. Here’s a closer look at what made this quarter successful:
Overview
| Metric | Q1 FY 2024-25 | Q1 FY 2023-24 | % Change |
|---|---|---|---|
| Net Profit | ₹505.64 crore | ₹457.55 crore | 10.51% |
| Revenue | ₹4,129.92 crore | ₹3,969.84 crore | 4.03% |
| Operating Margin (OPM) | 18.23% | 17.35% | – |
| Profit Before Tax (PBT) | ₹705.74 crore | ₹621.99 crore | 13% |
| Profit Before Depreciation and Tax (PBDT) | ₹779.67 crore | ₹692.75 crore | 13% |
Financial Overview
Britannia Industries had a great start to the financial year 2024-25. Their net profit jumped by 10.51%, reaching ₹505.64 crore, up from ₹457.55 crore last year.
Their revenue also grew by 4.03%, hitting ₹4,129.92 crore compared to ₹3,969.84 crore last year. This growth was driven by more sales and better profit margins.
Varun Berry, the Vice Chairman & Managing Director, mentioned that despite a tough year with slow consumption, especially in rural areas, Britannia managed to grow through investments in brands, product quality, and innovation.
Key Points
Britannia’s profit margin improved to 18.23% from 17.35% last year because they focused on saving money and being more efficient.
After sharing their results, Britannia’s shares went up by 0.39%, closing at ₹5,751.
Britannia is growing its distribution and improving its products to match regional tastes. They aim to capture more of the rural market.
Britannia keeps a close watch on commodity prices and global events. They are committed to improving their capabilities and brand strength while keeping prices competitive.
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People May Ask
What was Britannia’s net profit for Q1 FY24?
Britannia made a net profit of ₹505.64 crore in Q1 FY24, which is a 10.51% increase from ₹457.55 crore last year.
How much did Britannia’s revenue grow in Q1 FY24?
Their revenue grew by 4.03%, reaching ₹4,129.92 crore compared to ₹3,969.84 crore last year.
What helped Britannia grow this quarter?
The growth was due to more sales, better profit margins, and investments in brands, product quality, and innovation.
How did Britannia’s operating margin change in Q1 FY24?
The operating margin improved to 18.23% from 17.35% last year, thanks to cost-saving measures.
What challenges did Britannia face last year?
They faced a slowdown in consumption, especially in rural areas, but still managed to grow.
How did Britannia’s shares react to the Q1 FY24 results?
Britannia’s shares went up by 0.39%, closing at ₹5,751 after the results were announced.
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