Net sales of Britannia Industries have increased 7.90% YoY to ₹4,592.61 crores in the third quarter of FY25. Net profit attributable to owners of the company increased 4.55% to ₹581.69 crores. In this blog, you’ll find the analysis of Britannia Q3 results and the future outlook of the FMCG player.
Britannia Q3 Results FY25: Profit and Income Growth
- Operating profit margin has declined from 19.29% to 18.40%, leading to a 2.90% rise in operating profit to ₹844.90 crores in Q3 FY25.
- Raw material cost as a % of total sales (net of stock adjustments) increased from 50.27% to 57.06% in the Britannia Q3 results.
- The purchase of finished goods cost fell from 5.63% to 4.35%.
- Employee costs decreased from 4.69% to 2.30%.
- Other expenses fell from 20.02% to 17.96%.
- Other income rose 23.54% to ₹62.46 crores in the Britannia Q3 results.
- PBIDT rose 4.10% to ₹907.36 crores.
- PBDT rose 2.65% to ₹862.8 crores.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
| Particulars | Q3 FY25 (in ₹ Cr) | Q3 FY24 (in ₹ Cr) | Variance (%) |
|---|---|---|---|
| Net Sales (including other operating income) | 4,592.61 | 4,256.33 | 8% |
| Operating Profit (OP) | 844.9 | 821.09 | 3% |
| Other Income | 62.46 | 50.56 | 24% |
| PBIDT (Profit before interest, depreciation, tax) | 907.36 | 871.65 | 4% |
| Interest | 44.56 | 31.09 | 43% |
| PBDT (Profit before depreciation & tax) | 862.8 | 840.56 | 3% |
| Depreciation | 82.38 | 78.09 | 5% |
| PBT (Profit before tax) | 780.42 | 762.47 | 2% |
| Share of Profit/(Loss) from Associates | -2.04 | -1.34 | -52% |
| PBT (after Share of Profit/Loss from Associates) | 778.38 | 761.13 | 2% |
| Taxation | 196.08 | 202.57 | -3% |
| PAT (Profit after tax) | 582.3 | 555.66 | 5% |
| Minority Interest (MI) | 0.61 | -0.73 | 184% |
| Net Profit | 581.69 | 556.39 | 5% |
| EPS (in ₹) | 24.15 | 23.19 | 4% |
Britannia Q3 Results: Management Commentary and Outlook
Mr. Varun Berry, Vice Chairman & Managing Director of Britannia said, “Despite the ongoing subdued demand across FMCG categories and increased competitive pressures, we achieved a strong performance, with both value and volume growing about 6% each on a year-on-year basis.
The inflation on key input materials of Wheat, Palm Oil, Cocoa etc. remains on an upward trajectory, which we mitigated through judicious price increases, focused brand investments and fixed cost leverage, helping us sustain operating margins while maintaining competitiveness.
We continued expanding our distribution network, reaching directly to about 29 Lakh outlets nationwide. Our focus states outperformed the other regions with a 2.6x growth during the quarter, driven by our partnership with about 31,000 rural distributors.
Strengthening our portfolio with new innovation launches such as the Dual Flavoured Layer Cake and Triple Chocolate Croissants helped enhance the consumer palette, while the other existing in-market products continued to deliver healthy revenues.
Our adjacent businesses such as Dairy Drinks, Croissants, and Wafers witnessed double-digit growths, pushing our agenda of being a “Total Global Foods Company” forward. We will closely monitor the commodity price inflation and implement targeted price increases for specific brands and categories, as needed.
Our focus shall continue to be on driving market share while sustaining profitability. We reaffirm our commitment to our ESG framework of People, Growth, Governance, and Resources and shall continue to focus on our initiatives to build a Sustainable and Profitable business.”
Want to invest in the Britannia shares? Open a Demat Account with SMC Global Securities and pick the stocks that match your goals and risk profile. Stay tuned for the latest updates and insightful financial blogs on Nifty 50 companies quarterly results.
Reference:
SMC Global Securities Research Team
Author: All Content is verified by SMC Global Securities.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
