Britannia Industries Q4 Results: Net profit rises 47.5% to Rs 557.6 crore

Britannia Industries Q4 Results: Popular biscuit maker Britannia Industries reported a 47.53% year-on-year (YoY) rise in consolidated net profit to Rs 557.60 crore for the quarter ending on March 31, as strong demand and past price hikes helped expand margins. The company which sells Marie Gold and Good Day brand of biscuits, had posted a net profit of Rs 377.95 crore in the January-March quarter a year ago.

In an exchange filing, the company said that its revenue from operations rose 10.93 per cent to Rs 3,892.02 crore during the fourth quarter of FY23 against Rs 3,508.35 crore in the year-ago period.

The total income of the biscuit maker rose 13.18 per cent to Rs 4,079.55 crore in the March quarter.

Its total expenses rose 7.68 per cent to Rs 3,322.48 crore in the fourth quarter of FY23 from Rs 3,085.45 crore in the year-ago period.

Britannia Industries Ltd shares settled at Rs 4,623.90 apiece on BSE on Friday, registering a 0.85 per cent increase than its previous close.