April 20, 2024


The business lovers

Britannia Industries Q3 results: Net profit rises 22.4{ae9868201ea352e02dded42c9f03788806ac4deebecf3e725332939dc9b357ad} YoY to Rs 452 cr

Britannia on Friday noted a 22.four for every cent rise in internet earnings at Rs 452 crore for the quarter ended December 31, 2020 (Q3FY21). It was Rs 369.6 crore during the corresponding interval a yr ago. Nevertheless, sequentially, the earnings declined 8.6 for every cent. The company experienced posted a earnings of Rs 495.20 crore in the September quarter (Q2FY21).

Commenting on the functionality, Varun Berry, managing director, explained: “We proceed to concentration our efforts on the essential creating blocks of our organization which consist of direct attain, rural distribution, range marketing, larger throughput, salesmen productiveness and spend in maximizing our brand fairness through centered product or service campaigns.”

Revenue from operations rose 6.1 for every cent yr-on-yr to Rs 3,165 crore in contrast to the income of Rs two,982 crore during the very same interval a yr before. The income was Rs 3,419.61 crore in the September quarter.

“The company has been constantly getting market place share over the final numerous quarters,” Britannia explained in a inventory exchange filing.

The firm’s earnings before fascination, taxes, depreciation and amortisation (EBITDA) came in at Rs 611 crore.

“On the value front, we witnessed moderate inflation in the resources charges apart from Palm oil the place we witnessed a substantial enhance. We neutralised the inflation by accelerating our value efficiencies and sustained the new efficiencies that we witnessed during the Covid-19 induced lockdown. These measures helped us document a 260 bps enhance in working earnings during the existing quarter in contrast to final yr,” Berry explained.

The overall revenue of the company came in at Rs 3,248.17 crore during the quarter beneath evaluation as against Rs 3,047.86 crore in the very same interval a yr before. Meanwhile the overall fees stood at Rs two,634.forty six crore in Q3FY21.

Shares of Britannia closed 1.07 for every cent decreased at Rs 3,541.30 a piece on BSE.

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