Britannia’s Q2FY25 Results
Britannia’s revenue increased 5% YoY
- 13 Nov 2024
- Britannia reported a 9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended Sept (Q2FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5%.
- Its expenses for the quarter were up by 11% QoQ and 8% YoY.
- The net profit increased 5% QoQ and decreased 9% YoY.
- The earnings per share (EPS) of Britannia stood at 22.1 during Q2FY25.
Britannia’s Financial Statements for Q2FY25:
| (Rs crores) | Q2FY24 | Q1FY25 | Q2FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 4,485 | 4,306 | 4,714 | 9% | 5% |
Total expenses | 3,686 | 3,600 | 3,995 | 11% | 8% |
Profit before tax | 799 | 681 | 715 | 5% | -10% |
Tax | 212 | 176 | 184 | 4% | -13% |
Profit after tax | 587 | 505 | 532 | 5% | -9% |
Earnings per share | 24.4 | 21.0 | 22.1 |
Financials:
- Britannia's Q2 FY25 consolidated sales grew 4.5% to ₹4,566 crores, with PAT declining 9.6%.
- Sales increased 10.6% and PAT grew 5.1% compared to the previous quarter.
- For the six months ending September 30, 2024, sales grew 4.3%, while PAT declined 0.8%.
Management Commentary:
Mr. Varun Berry, Vice Chairman & Managing Director, said:
- Achieved ~8% volume growth despite commodity inflation and weak FMCG demand.
- Maintained a healthy operating margin of ~15.5% through focused pricing and cost optimization.
- Continued investment in capability enhancement, brand development, and market share growth.
- Adjacent businesses like Croissants, Milk Shakes, Wafers, and International grew at a healthy pace.
- Pilots in 25 cities covering 50,000 outlets showed promising results in optimising distribution.
- Reaffirmed commitment to ESG framework focused on People, Growth, Governance, and Resources for sustainability.
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
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