Britannia Industries Q1 profit seen down 5%, domestic volume growth may be 0-1%

Biscuit maker Britannia Industries is expected to start the financial year with weak earnings as profit in Q1 is seen falling 5.1 percent year-on-year to Rs 209 crore.

Revenue during the quarter is likely to increase 2.7 percent to Rs 2,255 crore compared with Rs 2,196.6 crore in same quarter last year, according to average of estimates of analysts polled by CNBC-TV18.

EBITDA (earnings before interest, tax, depreciation and amortisation) may decline 7.7 percent year-on-year to Rs 292 crore and margin may contract 150 basis points to 12.9 percent in Q1.

Margin is likely to be more important than topline as revenue will see GST impact, raw material inflation was softer than expected and price hike (7-8 percent in Q4FY17), experts feel.