The Indian biscuit maker Britannia Industries on August 2 reported a consolidated net profit of Rs 524 crore for the June quarter, a growth of 14.5 percent from the same quarter of the previous financial year at Rs 458 crores.
The company's revenue came in at Rs 4,130 crore, rising 4 percent, the company said in a regulatory filing as compared to Rs 4,010.70 crore in Q1 FY25.
According to a Moneycontrol poll of ten brokerages, Britannia Industries meets estimates at four percent revenue growth at Rs 4,178 crore. Net profit was expected at Rs 517 crore from Rs 458 crore from the corresponding quarter last year.
Varun Berry, Vice Chairman & Managing Director said in the company statement, “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."
On rural consumption, Berry further added that expansion in distribution footprint and product offerings to align with regional preferences, to benefit consumption. "...rural market share grew at a faster clip than Urban. Additionally, we introduced the Pure Magic Stars and Golmaal variant during the quarter, which have contributed to heightened consumer excitement and strengthened our brand franchisee."
The company opened at a decline of 58.25 at Rs 5670.40 on BSE at 10:40 AM.
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