The announcement came with the company s quarterly earnings where it reported a consolidated net profit of Rs 538.28 crore for the quarter ended March 31, 2024. The profit figure was down 3.6% versus Rs 558.66 crore reported in the year-ago period.
Britannia Q4 Results: The PAT was in line with the Street s estimates, which predicted the same at Rs 537 crore. The total revenue reported in the January-March quarter stood at Rs 4,069.36 crore, which was up nearly 1% over Rs 4,023.18 crore reported by in the corresponding quarter of the last financial year.
Britannia Industries anticipates a 1.5% YoY PAT decline to Rs 551 crore due to price cuts. Revenue growth expected. Key monitorables include rural demand trends, new launches, and distribution expansion.