On August 2, Britannia Industries reported a significant increase in its consolidated net profit for the June quarter, reaching Rs 524 crore. This marks a 14.5 percent rise from Rs 458 crore in the same quarter of the previous financial year.
The company’s revenue from operations also saw a growth of 4 percent, coming in at Rs 4,130 crore, up from Rs 4,010.70 crore in Q1 FY25, according to a regulatory filing.
These results align with market expectations, as a Moneycontrol poll of ten brokerages had anticipated a revenue growth of 4 percent to Rs 4,178 crore and a net profit of Rs 517 crore for the quarter.
According to Varun Berry, Vice Chairman & Managing Director, Britannia Industries, “We come out of a challenging financial year that witnessed consumption slowdown, particularly in Rural India. Our performance this quarter reflects the agile approach to a dynamic market environment and diligent market practices. Our market share progressed well as an outcome of sustained investments in Brands, Product excellence and Innovation.”
Berry also pointed out that the company was making efforts to increase its distribution reach in rural areas and product offerings with regional preferences. This has helped the company gain market share at a faster pace in rural areas versus urban areas. He also mentioned that there was strong growth in modern trade and e-commerce channels.
Additionally, product introductions like Pure Magic Stars and the Golmaal variant in the quarter have further built consumer excitement and strengthened our brand franchise.
Britannia Industries continues to navigate market challenges with a strategic focus on brand investment, product excellence, and innovation, positioning itself to benefit from consumption growth in rural areas.
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Source: Moneycontrol
News Desk
