The company had logged a net profit of Rs 520.13 crore in the April-June period a year ago, according to a regulatory filing from the bakery food company.
Revenue from the sale of products was up 9.47 per cent to Rs 4,964.37 crore in the June quarter. Revenue from operations was higher by 8.17 per cent to Rs 4,999.97 crore.
Commenting on the results, MD and CEO Rakshit Hargave said:“ The year started with West Asia conflict, leading to a steep increase in cost of fuel and shipment charges across our domestic & international businesses, which we have been able to navigate well during this quarter delivering a healthy volume and value growth.”
The company, facing competition from local rivals, said it is also gaining ground against competition, with profits growing ahead of topline in double digit over last year.
“Most key categories saw positive sequential momentum as we exited the quarter with a mid-teens revenue growth, anchored by rapid scaling in e-commerce and robust growth in General Trade, aided by higher advertisement, influencers & promotion spends,” he said.Moreover, its International Business also recovered sequentially as supply chain constraints began normalising in last part of the quarter, said Hargave.Total expenses were at Rs 4,262.24 crore, up 7.27 per cent in Q1/FY27.
Total income, which includes other income, was higher by 8.16 per cent to Rs 5,061.38 crore.
Over the outlook, the company said it will continue to closely monitor the evolving geopolitical situation in West Asia and crude oil volatility for potential impact on international operations and domestic input costs.
“We will remain agile in our actions to deliver healthy, sustainable revenue growth amid an improving domestic demand environment, driven by sharp innovation, strong brand investments, and disciplined margin management through accelerated cost efficiency initiatives,” he said.
Shares of Britannia Industries on Thursday settled at Rs 5,430 apiece on BSE, down 0.26 per cent from the previous close.
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