Britannia Q1 net seen up 7%; volume growth likely at 8-9%

Moneycontrol Bureau

Britannia's net profit is expected to be up 7 percent at Rs 203 crore in April-June quarter from Rs 189.7 crore in corresponding quarter last fiscal. According to CNBC-TV18 poll, its total income may also gain 9.5 percent at Rs 2211 crore against Rs 2018.6 crore on annual basis.

During the period, EBITDA is seen up 6.1 percent at Rs 306 crore versus Rs 288.4 crore while margins may slip 50 basis points at 13.8 percent versus 14.3 percent year-on-year.

Analysts polled by CNBC-TV18 see Q1 volume growth between 8-9 percent while price mix led growth is seen between 100-150 basis points. Margins may decline in Q1 due to higher raw material prices. Sugar price was up 38 percent while wheat price increased 12 percent. Wheat, sugar and cashew account for 45 percent of the company's cost of goods sold.