Britannia Industries Q1FY23 Results: PAT fall 11.16% to ₹337.44 Cr, while sales grew 9% to ₹3,654 Cr QOQ

Consolidated Sales of ₹3,654 Crore with a growth of 9% QOQ Operating Profits declined due to steep inflation Company reported that it has achieved 100% Plastic waste neutrality

logo credit- britannia/findlogovector
article continues after this advertisement

Britannia Industries is one of India’s leading food companies with a 100 year legacy and annual revenues in excess of ₹9000 Cr.

Britannia, the most trusted food brands in India, has posted its Q1FY23 financial results today, the details are as below :

(I) Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹3,756.46 crore in the quarter ended on June 30, 2022 as against ₹3,604.28 crore in the last quarter ended on Mar 31, 2022, increased by 4.22%.

Britannia Q1 FY23 results show a consolidated Net Profit of ₹337.44 crore in the quarter ended on March 31, 2022 as against ₹379.87 crore in the previous quarter ended on June 30, 2022. The PAT surges up by 11.16%.

The status of the EPS of the company stood at ₹14.01 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹15.77, up by 11.16%.

₹*June 30, 2022 (Q1FY23)Mar 31, 2022 (Q4FY22)
Total Income3,756.463,604.28
Total Expenses3293.153085.45
PBT /(Loss)463.16518.91
Total Tax /(credit)127.42140.96
PAT /(Loss) [to the owners]337.44379.87
*figures are in Crores

(I) Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹3,756.46 crore in the financial year ended on June 30, 2022 as against ₹3,463.93 crore for the same quarter ended on last year June 30, 2021 that increased by 8.44%.

The company has posted a consolidated Net Profit of ₹337.44 crore in the financial year ended on June 30, 2022 as against ₹389.55 crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 13.37%.

The status of the EPS of the company stood at ₹14.01 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹16.17, up by 13.35%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income3,756.463,463.93
Total Expenses3293.152932.96
PBT /(Loss)463.16531.18
Total Tax /(credit)127.42144.17
PAT /(Loss) [to the owners]337.44389.55
*figures are in Crores

Britannia products

(III) Key Highlights about the Performance :

  • Consolidated Sales of ₹3,654 Crore with a growth of 9% QOQ
  • Operating Profits declined due to steep inflation
  • Company reported that it has achieved 100% Plastic waste neutrality
  • Net profit margin stood at 8.94% in Q1FY23, 10.49% as on Q4FY22 and 11.17% in previous quarter.

The stocks of Britannia Industries Ltd last hit in BSE,

  • Intraday High of ₹ 3832.75
  • Intraday low of ₹ 3742.00
Market Times – market news