Britannia Industries (BRITANNIA) Q2 24/25 earnings summary

Executive summary

• Q2 FY25 revenue from operations reached ₹4,667.57 crore, up 4.5% year-over-year, with steady growth despite high inflation and subdued urban demand.

• Net profit for Q2 FY25 was ₹531.55 crore, down 9.6% year-over-year, reflecting margin pressure from inflation and exceptional costs.

• Maintained strong market share in biscuits, supported by distribution expansion, brand investments, and leadership in pricing trends.

• Strategic focus on distribution expansion, digital adoption, innovation, and cost efficiency to drive growth.

• Board reviewed and approved results on 11 November 2024.

Financial highlights

• Consolidated net sales for Q2 FY25 were ₹4,667.57 crore, up 4.5% year-over-year and 10.6% sequentially.

• Operating profit for Q2 FY25 was ₹707 crore, up sequentially from Q1 but down 11.7% year-over-year.

• Profit after tax margin for Q2 FY25 was 11.6%, with PAT at ₹531.55 crore, down from ₹586.50 crore in Q2 FY24.

• Earnings per share (basic and diluted) for Q2 FY25 were ₹22.06, down from ₹24.41 in Q2 FY24.

• Total expenses increased to ₹3,994.87 crore in Q2 FY25 from ₹3,685.56 crore in Q2 FY24.

Outlook and guidance

• Price hikes of 4%-5% are planned over the next two quarters to offset commodity inflation.

• Focused on balancing volume and pricing to sustain long-term growth, with cautious approach to price hikes in the next 6-9 months.

• Margins expected to remain stable, with price hikes and cost efficiency projects countering input cost pressures.

• Continued investments in brands, value engineering, and digital transformation to support growth.