Report on Shemaroo

Britannia’s net profit leaps 22.4% to Rs 452 crore in Q3

Total income during the quarter came in at Rs 3,248.17 crore.

NEW DELHI: FMCG major Britannia Industries has reported a 22.4 per cent rise in net profit at Rs 452 crore for the quarter ended 31 December 2020 (Q3 FY21). It was Rs 369.6 crore during the corresponding period a year ago. However, sequentially, the profit declined 8.6 per cent. The company had posted a profit of Rs 495.20 crore in the September quarter.

Revenue from operations rose 6.1 per cent year-on-year to Rs 3,165 crore compared to the revenue of Rs 2,982 crore during the same period a year earlier. The revenue was Rs 3,419.61 crore in the previous quarter.

"The company has been consistently gaining market share over the last several quarters," Britannia said in a BSE filing.

The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at Rs 611 crore.

Total income of the Good Day biscuits manufacturer came in at Rs 3,248.17 crore during the quarter under review as against Rs 3,047.86 crore in the same period a year earlier. Meanwhile the total expenses stood at Rs 2,634.46 crore in Q3 FY21.

Britannia managing director Varun Berry said, "We continue to focus our efforts on the basic building blocks of our business which include direct reach, rural distribution, range selling, higher throughput, salesmen productivity and invest in enhancing our brand equity through focused product campaigns."

The company's expense-to-revenue ratio fell to 83.2 per cent in the quarter ended December, down from 85.5 per cent a year earlier.

"On the cost front, we witnessed moderate inflation in the materials prices except Palm oil where we witnessed a significant increase. We neutralised the inflation by accelerating our cost efficiencies and sustained the new efficiencies that we witnessed during the Covid2019 induced lockdown. These measures helped us record a 260 bps increase in operating profit during the current quarter compared to last year," Berry added.

Latest Reads
Women's Day 2021: Brands inspire, bat for gender equality

Every year in the countdown March 8, brands go all out to woo the ‘fairer sex’, leaving no stone unturned. We are bombarded by a plethora of deals for retail therapy and tempting offers for some actual therapy at spas and salons to pamper women this one day of the year.

MAM Marketing MAM
Central’s new Insta-web series says #WomenWearItBetter

Women’s Day is all about celebrating the true essence of being a woman. To capture the same, Central has released a campaign called #WomenWearItBetter this Women’s Day.

MAM Marketing MAM
Adidas celebrates Women’s Day with Watch Us Move campaign

In the run-up to International Women’s Day, global sportswear giant Adidas has launched Watch Us Move – a campaign to celebrate womanhood and their freedom of movement.

MAM Marketing MAM
Khud Bane Ho Toh, Greenply Banta Hain salutes the resilient human spirit

Furniture manufacturer Greenply Industries has launched a new set of TV campaigns Khud bane Ho Toh, Greenply Banta Hain, which celebrates the resilience of human spirit and highlights the journey of every self-made individual, from humble beginnings, sobering failures to their path of greatness.

MAM Marketing MAM
Jaguar Land Rover to lay off a third of India workforce

Tata Group-owned Jaguar Land Rover (JLR) is undertaking its biggest ever retrenchment drive in its India operations, slashing its workforce by nearly a third, according to a report by Business Today.

MAM Marketing MAM
Why Havells’ new ceiling fan is actually a ‘Feeling Fan’

MUMBAI: Leading FMEG Havells India has rolled out a new advertisement campaign for its technologically advanced ceiling fan category. Conceptualised by Mullen Lintas Delhi, the campaign “It's not just a fan, it's a ‘Feeling Fan’” showcases IoT (Internet of Things) enabled smart features like voice...

MAM Media and Advertising Ad Campaigns
Ahead of Women’s Day, Reebok says ‘It’s A Man’s World’

MUMBAI: British-American footwear and clothing company Reebok has launched its latest campaign titled ‘It’s A Man’s World’ in association with MADWOMEN, an all-female creative collective. The campaign unveiled in the run-up to Women’s Day, featuring two collections comprising six iconic sneakers,...

MAM Media and Advertising Ad Campaigns
Chingari celebrates woman power with #SheGotSpark

MUMBAI: Homegrown short-video sharing platform Chingari is celebrating women power with its distinctive campaign #SheGotSpark. Find women from every walk of life as they share their courageous stories of proving themselves via their videos. The chosen few motivational videos get featured by...

MAM Media and Advertising Ad Campaigns

Sign up for our Newsletter

subscribe for latest stories

* indicates required