Britannia Q3 Results: PAT Up 4.5%, Beats Expectations

Britannia Industries Q3 Results: Consolidated PAT Rises 4.5% YoY, Beats Estimates

Britannia Industries, a leading FMCG company, announced its Q3 results, reporting a 4.5% year-on-year (YoY) growth in consolidated net profit (PAT), reaching Rs 582 crore. This figure exceeded market expectations, which had estimated a PAT of Rs 517 crore.

Key Financial Highlights

Here's a breakdown of Britannia Industries' key financial results for Q3:

• Consolidated Net Profit (PAT): Increased by 4.5% YoY to Rs 582 crore (vs. Rs 556 crore in the same period last year).
• Revenue from Operations: Rose by 8% YoY to Rs 4,593 crore (vs. Rs 4,256 crore in the corresponding quarter of the previous year).
• Expenses: Increased to Rs 3,875 crore, up from Rs 3,544 crore in Q3FY24, but down from Rs 3,995 crore in the July-September quarter of FY25.

Nine-Month Performance

For the nine-month period ending December 31, 2024:

• Consolidated Sales: Stood at Rs 13,159 crore, growing by 5%.
• Net Profit: Reached Rs 1,619 crore, growing by 1.3% on a year-on-year basis.

Management Commentary

Varun Berry, Vice Chairman & Managing Director, commented on the company's performance, highlighting the strong results achieved despite subdued demand across FMCG categories and increased competition. He noted that both value and volume grew by approximately 6% each YoY. The company mitigated the impact of rising inflation on key input materials through strategic price increases, focused brand investments, and fixed cost leverage, allowing it to sustain operating margins while remaining competitive.

Strategic Initiatives

Britannia Industries continued to expand its distribution network, now reaching approximately 29 lakh outlets nationwide. Focus states outperformed other regions with a 2.6x growth during the quarter, driven by a partnership with around 31,000 rural distributors. The company also strengthened its portfolio with new product launches and witnessed double-digit growth in adjacent businesses like Dairy Drinks, Croissants, and Wafers.

Future Outlook

Britannia Industries will continue to monitor commodity price inflation closely and implement targeted price increases for specific brands and categories as needed. The company remains focused on driving market share while sustaining profitability.

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Categories: Britannia Industries, FMCG earnings, Q3 Results