Britannia Q1 Profit Up 14% To Rs 591 Crore
Britannia Industries has reported a 14% year-on-year increase in consolidated net profit to Rs 591 crore for the quarter ended June.
- Consolidated net profit: Rs 591 crore, up 14% from Rs 521 crore a year earlier
- Consolidated net sales: Rs 4,964 crore, up 9.5%
- Standalone net profit: Rs 576.3 crore, up 16%
- Standalone sales: Rs 4,791.88 crore, up from Rs 4,357.64 crore
- Consolidated expenses: Up 7%, driven by raw material costs rising to Rs 2,799.6 crore
Navigating Freight Costs While Gaining Share
Rakshit Hargave, Managing Director and Chief Executive Officer, said, "The year started with the West Asia conflict, leading to a steep increase in cost of fuel and shipment charges across our domestic & international businesses, which we've been able to navigate well during this quarter, delivering a healthy volume and value growth while also gaining ground against competition, with profits growing ahead of topline in double-digit over last year."
E-Commerce And Brand Spend Behind The Growth
Hargave said most key categories saw sequential improvement through the quarter, with the business exiting the period at mid-teens revenue growth, supported by rapid expansion in e-commerce and strong growth in general trade, aided by higher advertisement, influencer and promotional spending. He said Britannia will keep monitoring West Asia's geopolitical situation and crude oil volatility, while continuing to lean on "sharp innovation, strong brand investments, and disciplined margin management" to sustain growth.
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