Britannia Beats Street Estimates: Robust Growth in Q3 FY24 Despite Rising Costs

Britannia Industries Ltd. announced its Q3 FY2024 financial results on February 6, 2025, reporting a 5% year-on-year rise in net profit to ₹582 crore, exceeding analysts' estimates of ₹521 crore. The growth was driven by strategic price increases that helped counter rising commodity costs.

 

The company’s consolidated revenue grew by 8% to ₹4,593 crore, while total expenses increased by 9% to ₹3,875 crore, reflecting higher input costs. Britannia, known for popular brands like Good Day, Marie Gold, NutriChoice, and Jim Jam, continues to strengthen its position in the FMCG sector through innovative product launches and expanding distribution networks.

 

CEO Varun Berry emphasized that cost efficiency measures and premiumization strategies contributed to the company’s resilience amid inflationary pressures. Looking ahead, Britannia plans to enhance its rural reach and digital capabilities, ensuring sustained growth in a competitive market.

Source: Reuters