For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Britannia Shares Touch Life-Time High On Q4 Results

By Staff
|

Shares of Britannia Industries rose as much as 7.5 percent in trade on Wednesday to a new all-time high of Rs 3,708. A day before, the biscuit maker reported a consolidated profit of Rs 374.75 crore for the March-ended quarter, a 26.1 percent growth from the same period a year ago, driven by lower tax cost by 45 percent (YoY).

In the same period of the previous year, the company posted a profit of Rs 297.23 crore.

Britannia Shares Touch Life-Time High On Q4 Results
 

Revenue from operations for the quarter rose 2.5 percent on a year-on-year basis to Rs 2,867.7 crore

The company estimates a 7-10 percent impact on its revenue and net profit growth due to COVID-19. The company's gross margins fell 150 basis points (bps) to 39.7 percent and raw material costs fell 1.2 percent to Rs 1,363 crore.

"Our drive on cost efficiencies, reduction in wastages and ability to leverage fixed costs helped us improve the shape of our business and record a 40 bps increase in operating profit during the quarter despite the Covid-19 pandemic," said Varun Berry, Managing Director, Britannia.

The company also declared an interim dividend of Rs 35.

Read more about: britannia
Story first published: Wednesday, June 3, 2020, 10:33 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more