Britannia Industries (BRITANNIA) Q4 24/25 earnings summary

Executive summary

• Q4 2024-2025 revenue reached INR 4,376 crore, up 9% year-over-year; full-year consolidated revenue was INR 17,535 crore, a 6% increase year-over-year.

• Profit after tax for Q4 was 12.8% of revenue, up 4% year-over-year; full-year PAT was 12.5% of revenue, up 2.6%.

• Net profit attributable to owners for FY25 was ₹2,184.12 crore, compared to ₹2,135.34 crore in FY24.

• Distribution expanded to 2.87 million direct outlets and 31,000 rural distributors; rural reach increased from 19.7 lakh in Mar'20 to 27.9 lakh in Mar'25.

• E-commerce sales grew 7.4x-7.5x faster than other channels, with successful digital-first launches.

Financial highlights

• Q4 operating profit was Rs 724 crore, up 2.4% year-over-year; full-year operating profit was Rs 2,874 crore, up 0.2%.

• Operating profit margin for FY 24-25 was 16.4%, with Q4 at 16.6%.

• PAT margin for FY 24-25 was 12.4%, compared to 12.9% in FY 23-24.

• Consolidated EPS for FY25 was ₹90.45, up from ₹88.84 in FY24.

• Cost savings achieved were 2.5% of revenue, with efficiency initiatives delivering 9x the 2013-14 baseline.

Outlook and guidance

• Management expects gradual recovery to continue into FY 2026, not a sharp rebound.

• Focus remains on sustaining margins and competitiveness amid ongoing inflation and commodity price volatility.

• Double-digit revenue growth is a target as economic conditions improve.

• No major price increases anticipated unless commodity trends change.

• Continued focus on cost-saving initiatives, with results exceeding original targets.