Britannia Industries Results Earnings Call for Q4FY23
Conference Call with Britannia Industries Manahttps://youtu.be/v2ylmg0Dl0Qgement and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.06-05-2023
Britannia Industries Results Earnings Call for Q4FY23
Conference Call with Britannia Industries Manahttps://youtu.be/v2ylmg0Dl0Qgement and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.BRITANNIA INDUSTRIES LTD. - 500825 - Disclosure Of Related Party Transactions For The Half-Year Ended 31St March, 2023
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated 22nd November, 2021, please find enclosed disclosure of Related Party Transactions for the half-year ended 31st March, 2023Britannia reports 47% jump in profit, initiates price cuts
Consolidated sales during the quarter ended 31st March 2023 grew 11% to Rs. 3,892 crores, versus 3,508.35 crore reported in the year ago period.BRITANNIA INDUSTRIES LTD. - 500825 - Board Approves The Closure Of Register Of Members Of The Company From Tuesday, 22Nd August, 2023 To Monday, 28Th August, 2023 (Both Days Inclusive) For The Purpose Of Annual General Meeting Of The Company.
The Board of Directors of the Company at their Meeting held today, 5th May, 2023, have inter-alia approved the closure of Register of Members of the Company from Tuesday, 22nd August, 2023 to Monday, 28th August, 2023 (both days inclusive) for the purpose of Annual General Meeting of the Company.BRITANNIA INDUSTRIES LTD. - 500825 - Shareholders Meeting - 104Th AGM To Be Held On August 28, 2023
The Board of Directors of the Company at their Meeting held today, 5th May, 2023, have fixed the date of 104th Annual General Meeting to be held on Monday, 28th August, 2023.BRITANNIA INDUSTRIES LTD. - 500825 - Announcement under Regulation 30 (LODR)-Change in Directorate
Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at their Meeting held today, 5th May, 2023, have inter-alia: Approved the re-appointment of Mr. Varun Berry (DIN:05208062) as Executive Vice-Chairman and Managing Director of the Company, for a period of five (5) years. Approved the re-appointment of Ms. Tanya Dubash (DIN:00026028) as an Independent Director of the Company for a second term of five (5) years.BRITANNIA INDUSTRIES LTD. - 500825 - Compliances-Reg. 54 - Asset Cover details
Pursuant to the provisions of Regulation 54 of SEBI Listing Regulations, 2015 read with SEBI Circular No. SEBI/HO/MIRSD/MIRSD_CRADT/CIR/P/2022/67 dated May 19, 2022, a Nil Security Cover Certificate in respect of 3 year Unsecured, Non-Convertible, Redeemable, Fully Paid-up Debentures of face value of Rs. 29/- each (ISIN: INE216A08027) is enclosed along with the financial results.Q4FY23 Quarterly & FY23 Annual Result Announced for Britannia Industries Ltd.
Packaged Foods firm Britannia Industries announced Q4FY23 & FY23 results: Consolidated Sales for the Q4FY23 grew 11% to Rs 3,892 crore, Operating Profit grew 47% to Rs 736 crore. and Net Profit grew 47% to Rs 559 crore. Consolidated Sales for the full year ended FY23 grew 15% to Rs 15,985 crores, Operating Profit grew 30% to Rs 2,605 crores. Net Profit (including exceptional item) grew 46% to Rs 3,033 crores. Commenting on the performance, Mr. Varun Berry, Vice Chairman & Managing Director, said: “We delivered a robust growth of 11% in this quarter on the back of significant distribution gains, which reflects our execution strength across businesses & channels. We continued to accelerate our rural journey with focus on enhancing reach, partnering with 28,000 rural distributors, and sustaining our diligent market practices. Our brand & distribution strength also reflects in the consistent market share gains over the last 10 years. We supported our Brands & Innovations with the requisite investments in the digital & mass media space. We further expanded portfolio of few of our adjacent categories including Milk Shakes (in aseptic PET bottles) & Croissant. We have progressed well in our journey of building technologically superior factories. In this context, I am pleased to announce commercialization of 2 Biscuit greenfield units in this quarter – in Uttar Pradesh & Tamil Nadu and brownfield expansion in Orissa. We also commercialized 3 new lines of Rusk this quarter. This is in line with our strategy to make in-house, our exclusive range of products, and further enhance productivity. We efficiently scaled-up the capacity of our drinks and other dairy lines to better leverage seasonal opportunities & enhance supplies to Bakery division for captive consumption. On cost & profitability front, input prices softened on the back of correction in Palm Oil & Packaging materials, while Flour continued to trend higher. Our intensified cost efficiency program coupled with moderation in commodity inflation led to a healthy operating margin in this quarter. We are being vigilant of the competitive actions in the marketplace and closely monitoring the commodity situation in the country, especially around Wheat and Sugar. We shall deploy appropriate pricing actions to remain competitive and drive market share growth. On sustainability front, we stay committed to our ESG framework of People, Growth, Governance and Resources and shall continue to focus on our initiatives to build a Sustainable Profitable business.” Result PDFBRITANNIA INDUSTRIES LTD. - 500825 - Statement Of Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Year Ended 31St March, 2023
This is to inform you that the Board of Directors of the Company at their meeting held today, 5th May, 2023, have inter-alia approved the Statement of Standalone and Consolidated Audited Financial Results for the quarter and year ended 31st March, 2023 and authorized Mr. Nusli N Wadia, Chairman to sign the results to be submitted to stock exchanges. In this regard, please find enclosed a copy of the said results along with the Audit Reports. Further, pursuant to the provisions of Regulation 33(3)(d) of the SEBI Listing Regulations, 2015, it is hereby declared that M/s. Walker Chandiok & Co LLP, Statutory Auditors have issued the Audit Reports for FY 2022-23 with an unmodified opinion.