Its operating profit margins expanded 50 bps YoY to 17.7% whole EBITDA also rose around 9% YoY to Rs 753 crore.
Britannia MD Varun Berry said the modest revenue growth was driven by high single-digit volume growth, and improved operating margins over last year.
ETMarkets.com“We come out of a challenging financial year that witnessed consumption slowdown, particularly in Rural India. Our performance this quarter reflects the agile approach to a dynamic market environment and diligent market practices,” Berry said, adding that the rural market share grew at a faster clip than urban.
“We are actively leveraging the rapidly growing Modern Trade and E-commerce channels, both growing handsomely compared to previous year. Additionally, we introduced the Pure Magic Stars and Golmaal variant during the quarter, which have contributed to heightened consumer excitement and strengthened our brand franchisee,” he said.
On the cost and profitability front, the company said it remains vigilant of the commodity price fluctuations and evolving geopolitical landscape. Britannia’s cost efficiency program continues to yield operational savings, ensuring robust operating margins.
Ahead of the announcement of the quarterly numbers, the company’s shares ended Friday’s session marginally higher at Rs 5,751 on BSE.
