Britannia Q3FY25 Performance: Strong Revenue Growth, but Profit Margins Shrink

Britannia released its results for the third quarter of the 2024-25 financial year, reporting a net profit of ₹582.3 crore, which exceeded the expected ₹534 crore, as estimated by CNBC-TV18. This marks a 4.8% increase compared to ₹555.6 crore in the same period last year.

Net profit rose by 4.8%, reaching ₹582.3 crore, compared to ₹555.6 crore in Q3 FY24.

Revenue grew by 7.9%, totaling ₹4,592.6 crore, up from ₹4,256.3 crore in Q3 FY24.

EBITDA increased by 2.9%, amounting to ₹844.9 crore, compared to ₹821.1 crore last year.

EBITDA margin stood at 18.4%, slightly lower than 19.3% in the previous year.

Britannia’s third-quarter revenue exceeded CNBC-TV18’s forecast of ₹4,502 crore, reflecting a 7.9% YoY increase. The company achieved a 4-5% growth in domestic volumes, aligning with the forecast.

Vice Chairman & Managing Director Varun Berry commented that despite weak demand in the FMCG sector and rising competition, the company delivered a solid performance, with both value and volume growing by about 6% year-on-year. The company managed rising input costs of key materials like wheat, palm oil, and cocoa through strategic price hikes, brand investments, and cost management, which helped maintain profit margins.

Additionally, Britannia’s adjacent businesses, such as dairy drinks, croissants, and wafers, experienced double-digit growth.

Shares of Britannia closed at ₹4,958.95 on BSE, up 0.56% from the previous day.