Britannia Q1 FY25 Results: Kolkata-headquartered FMCG firm Britannia - whose popular products include Good Day, Marie Gold, Tiger, Jim Jam, and Nice Time - on Friday reported a consolidated net profit of Rs 504.9 crore for the April-June period, up 10.9 per cent compared with the corresponding period a year ago. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Its revenue from operations grew 6.0 per cent to Rs 4,250.3 crore for the first quarter of the current financial year, 2024-25, according to a regulatory filing. 

According to Zee Business research, Britannia was estimated to log a net profit of Rs 537 crore over revenue of Rs 4,186 crore for the quarter ended June 30. 

“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. We delivered a modest revenue growth of 4 per cent during the quarter, driven by high single-digit volume growth, and improved operating margins over last year. Our market share progressed well as an outcome of sustained investments in Brands, Product excellence, and Innovation," said Varun Berry, Vice Chairman and Managing Director, Britannia. 

On the cost and profitability front, Britannia remains vigilant of "the commodity price fluctuations and evolving geopolitical landscape", said Berry.

Earlier on Friday, Britannia shares ended 0.1 per cent lower at Rs 5,723.2 apiece on BSE, still better than a 1.2 per cent fall in the headline Nifty50 index amid negative global cues.

Catch all the latest stock market updates here. For all other news related to business, market, tech and auto, visit Zeebiz.com.