iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Britannia Industries logs 35% y-o-y growth in Q1 net profit at Rs 455.45 crore

7 Aug 2023 , 09:35 AM

Britannia Industries announced its results and declared a consolidated net profit of Rs 455.45 crore for the June quarter of FY24 on August 4, up 35% from Rs 335.74 crore the previous year. However, on a sequential basis, net profit fell 18.3% from Rs 557.60 crore.

According to a regulatory filing, the company’s revenue climbed 8.36% to Rs 4,010.70 crore from Rs 3,700.96 crore a year ago, while falling 0.31% sequentially.

EBITDA stood at Rs 689 crore, up 37.60%. The EBITDA margin increased by 370 basis points to 17.2%. One basis point is equivalent to one tenth of a percentage point.

We have completed a very successful fiscal year that saw economic recovery amid unprecedented inflationary conditions. We led price initiatives to balance inflation and preserve profitability as industry leaders, said the company.

At around 9.32 AM, Britannia Industries was trading 1.63% lower at Rs 4,720.25 apiece, against the previous close of Rs 4,798.50 on NSE. The counter slipped to an intraday low of Rs 4,708.05 in today’s trade as the company misses street estimates.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Britannia Industries
  • Britannia Industries news
  • Britannia Industries results
  • Britannia Industries Stock
  • Britannia Industries Stock Price
  • Britannia Industries Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.