Britannia Q2FY22 revenues to witness 7.5-11.8% surge yoy as per estimates by two brokerages; results on 8 November

Britannia Q2FY22 Earnings: Fast Moving Consumer Goods (FMCG) company Britannia Industries Limited is expected to report an 11.8 per cent year-on-year jump (yoy) in its revenues at Rs 3,824 cr for the quarter ended 30 September. The net sales are expected to grow 12.4 per cent sequentially on the back of strong performance and a 10-12 per cent volume growth, as per the estimates by Yes Securities.  

The brokerage firm also expects margins to improve for the reporting quarter. 

See Zee Business Live TV Streaming Below:

The Earnings Before Interest Tax, Depreciation and Amortisation (EBITDA) is estimated at Rs 627 crore, which is a decline by 325 bps yoy and up by 13 bps on the quarter-on-quarter (qoq) basis.  

The Profit After Tax (PAT) or net profit is seen at Rs 444.8 crore, which is 10.3 per cent decline yoy. Sequentially, it is expected to go up by 14.2 per cent. 

The company will be announcing its Q2FY22 earnings results on 8 November.  

Meanwhile, another brokerage firm Elara Capital sees the net sales at Rs 3675 crore, which is a 7.5 per cent jump on the yoy basis and 8 per cent on the qoq basis. The CAGR (Compound Annual Growth Rate) is expected at 12.2 per cent according to this brokerage.  

EBITDA is expected at Rs 683.2 cr, up 1.2 per cent yoy and 23.4 per cent. The 2-year CAGR is seen at 20 per cent. 

The recurring PAT is likely to be around Rs 5124 cr for the quarter ended 30 September 2021, which is higher by 2. Per cent from the Q2FY2020. On the qoq basis, it is expected to be 31.5 per cent up. The 2-year CAGR stands at 5.8 per cent. 

The raw material cost could weigh in on the margins. 

The shares of Britannia Industries ended at Rs 3665 on the NSE on 4 November, up almost 1 per cent or Rs 35 from the last closing price.