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

The corporate’s whole 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.

”Regardless of the hostile circumstances, we managed to ship good outcomes by way of topline development, profitability enchancment and market share features,” stated stated Mr. Varun Berry, Managing Director, Britannia. In accordance with the Managing Director, Britannia applied three transformational digital tasks – an On-line Supplier Administration System, an Built-in Vendor Administration System, and S4 HANA, within the final quarter of the 12 months.

Mr Berry famous that throughout the January-March quarter, the corporate focussed on the fundamental constructing blocks of brand name constructing, rural distribution, and direct attain. The corporate’s price effectivity program for the 12 months 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 associated fee will increase in a higher approach.

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