Britannia Industries Profit Declines 3.3% To Rs 360 Crore In March Quarter

Britannia Industries reported a consolidated revenue of Rs 360 crore within the January-March quarter of the monetary yr 2020-21, registering a 3.3 per cent decline in revenue year-on-year, in comparison with Rs 372 crore, within the year-ago interval. According to a regulatory submitting by the agency to the BSE on Tuesday, April 27, the corporate reported its working efficiency within the fourth quarter decrease than analysts’ estimates. The nation’s main biscuit producer’s consolidated income from operations stood at Rs 3,130.7 crore within the quarter ended March 2021. 

The firm’s complete income from operations witnessed a rise of 9.2 per cent year-on-year within the March quarter, in comparison with Rs 2,867.70 crore within the year-ago interval.

”Despite the adversarial circumstances, we managed to ship good outcomes by way of topline development, profitability enchancment and market share positive aspects. During the final quarter of the yr, we applied three transformational digital initiatives – an Online Dealer Management System, an Integrated Vendor Management System, and S4 HANA,” mentioned Mr. Varun Berry, Managing Director, Britannia.

Mr Berry famous that through the January-March quarter, the corporate focussed on the essential constructing blocks of brand name constructing, rural distribution, and direct attain. The firm’s price effectivity program for the yr delivered the focused outcomes, delivering robust price management.

He added that on the commodity price entrance, packing materials,  palm oil, in addition to dairy merchandise registered steep will increase, whereas strategic shopping for helped the corporate handle the fee will increase in a higher method.

On Tuesday, shares of Britannia Industries settled 0.01 per cent increased at Rs 3,540 apiece on the BSE.