Britannia’s Q2FY25 Results

• Britannia reported a 9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended Sept (Q2FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5%.
• Its expenses for the quarter were up by 11% QoQ and 8% YoY.
• The net profit increased 5% QoQ and decreased 9% YoY.
• The earnings per share (EPS) of Britannia stood at 22.1 during Q2FY25.

Britannia’s Financial Statements for Q2FY25:

Financials:

• Britannia's Q2 FY25 consolidated sales grew 4.5% to ₹4,566 crores, with PAT declining 9.6%.
• Sales increased 10.6% and PAT grew 5.1% compared to the previous quarter.
• For the six months ending September 30, 2024, sales grew 4.3%, while PAT declined 0.8%.

Management Commentary:

Mr. Varun Berry, Vice Chairman & Managing Director, said:

• Achieved ~8% volume growth despite commodity inflation and weak FMCG demand.
• Maintained a healthy operating margin of ~15.5% through focused pricing and cost optimization.
• Continued investment in capability enhancement, brand development, and market share growth.
• Adjacent businesses like Croissants, Milk Shakes, Wafers, and International grew at a healthy pace.
• Pilots in 25 cities covering 50,000 outlets showed promising results in optimising distribution.
• Reaffirmed commitment to ESG framework focused on People, Growth, Governance, and Resources for sustainability.

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