Britannia Industries Q4 Results: Net profit jumps 5% YoY, revenues up 15% to Rs 3508 cr; company declares Rs 56.5 dividend

Britannia Industries Q4 Results: Britannia on Thursday posted a 15% jump in consolidated net sales at Rs 3508 crore for the quarter ended 31 March 2022. Net Profit for the reporting quarter jumped nearly 5%YoY) to Rs 378 cr

Britannia Industries Dividend: The company announced a dividend of Rs 56.5 per share. Source: Reuters

Britannia Industries Q4 Results: Fast Moving Consumer Goods (FMCG) company Britannia Industries Limited on thursday posted a 15 per cent jump in consolidated net sales at Rs 3508 crore for the quarter ended 31 March 2022, the company said in its filing to the exchanges. Net Profit for the reporting quarter jumped nearly 5 per cent Year-on-Year (YoY) to RS 378 cr.

The operating profits grew by 10 per cent at Rs 499 cr. The company announced a dividend of Rs 56.5 per share.

“In this quarter, we delivered a robust top-line growth of 15% and a mid-single digit volume growth which demonstrates the resilience of our brands and a reflection of our execution strengths across divisions & channels," the exchange filing said quoting Varun Berry, Managing Director at Britannia said.

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"We continued to accelerate our rural journey with focus on enhancing reach and sustaining our diligent market practices, which is evident in the consistent market share gains over the years. Our growths in organized trade channels remained robust, wherein revenues from E-commerce doubled over last year. We launched new to market innovations viz. Good Day Harmony, Jeera Marie and Nutrichoice Seeds & Herbs and new variants in Croissant & Wafers to further strengthen our adjacent categories. We have progressed well in our journey of building technologically superior factories. In this context, I am pleased to announce that our new Dairy greenfield factory is on track for commercialization in the next few months. In addition, we are also in the process of setting up 3 greenfield units - in Uttar Pradesh, Tamil Nadu & Bihar," he added.

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"The economy was impacted by global geo-political factors which caused further surge in inflation this quarter. We continued to take price increases judiciously and remained aggressive on cost front. In these challenging circumstances, our operating profits for the Quarter grew by 10% and over a 24-month period, by 23%. We shall further take calibrated price increases and drive cost leadership to manage profitability. We believe in ‘Sustainable Profitable Growth’ and have made rapid strides towards our goals," Berry said.

"I am pleased to inform that we were recognized amongst the “Top 40 of India’s most sustainable companies” by Business World. We are committed towards our pillars of ESG framework – People, Growth, Governance and Resources and are confident of delivering on the targets that we have set for ourselves,” he further said.

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