Britannia is expected to increase its net profit in January-March quarter by 30 percent at Rs 217 crore in January-March quarter from Rs 167 crore in corresponding quarter last fiscal. According to a CNBC-TV18 poll, the company's revenue may grow 10 percent at Rs 2273 crore against Rs 2064 crore in year-ago period.
During the quarter, EBITDA is seen up 27 percent at Rs 321 crore against Rs 253 crore while EBITDA margins may stand at 14.1 percent versus 12.3 percent year-on-year.
Analysts polled by CNBC-TV18 feel Britannia's steady revenues aided by volumes and price hikes. In Q4, volume growth may be 8-11 percent. In Q4, revenue may be further aided by 2 percent price/mix led growth. Top line may see 100 basis points (bps) impact due to phasing out of excise duty while distribution expansion and growth in power brands may drive top line growth. Innovations, new launches may further lift sales.
Gross margin is likely to flat due to rising input costs especially in sugar and flour prices. Robust advertising spends may also slightly mitigate expansion. Cost saving measures, however will continue to aid margins.
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