BRITANNIA INDUSTRIES LTD. - 500825 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of analyst call held on 2nd February, 2023 in respect of Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st December, 2022.
Hold Britannia Industries; target of Rs 4580: Prabhudas Lilladher
Prabhudas Lilladher recommended hold rating on Britannia Industries with a target price of Rs 4580 in its research report dated February 02, 2023. BRITANNIA INDUSTRIES LTD. - 500825 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of Analyst Call Presentation pertaining to Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st December, 2022. Please find below the link for audio recording of Analyst Call organized on 2nd February, 2023: Link: http://britannia.co.in/pdfs/Presentations/Q3%2023%20Analyst%20Call%20Recording.mp3 BRITANNIA INDUSTRIES LTD. - 500825 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copies of the newspaper advertisement published on 2nd February, 2023 in 'Financial Express' (English - all editions) and in 'Sangbad Pratidin' (Bengali - Kolkata edition) on the captioned subject.
Britannia Industries opts for promotions as raw material prices fall
In FY22 and FY23, the company increased prices in order to pass on rising raw material costs to the consumer
Britannia Industries Results Earnings Call for Q3FY23
Conference Call with Britannia Industries Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript. Q3FY23 Quarterly Result Announced for Britannia Industries Ltd.
FMCG firm Britannia Industries announced Q3FY23 results: Consolidated Q3FY23: Britannia’s consolidated sales for the quarter ended December 31, 2022, grew 16% to Rs 4,101 crore, operating profit grew 55% to Rs 760 crore and Net Profit grew 151% to Rs 932 crore. The net profit includes an exceptional gain (net of tax) of Rs 359 crore, pursuant to a joint venture agreement with Bel SA for the Cheese business and consequent sale of a 49% equity stake in its subsidiary & fair valuation of the residual stake of 51%. The consolidated sales for 9MFY23 grew 16% to Rs. 12,093 Crores, operating profit grew 24% to Rs 1,869 crore and net profit (including exceptional items) grew 54% to Rs 1,763 crore. Commenting on the performance, Mr. Varun Berry, Vice Chairman & Managing Director, said: “We have witnessed positive growth momentum over the last few quarters. Our Go-to-market strategy and investments in brands & innovation have helped us register a robust topline growth of 16% YoY. Our growing consumer franchise and Brand strength are evident in the consistent market share gains over the past 39 quarters. Continued focus on enhancing direct reach coupled with the Rural agenda has helped us deliver solid growth over the past few quarters. We supported our brands & innovations with the requisite investments in the digital & mass media space. We expanded the footprint of a few of our adjacent categories including croissants & cakes and made entries into new categories. As a part of continuous improvement, we relaunched products like Pure Magic Chocolush & Rusk with improved recipes. Some of our new launches like Biscafe, Golmaal, NC Seeds & Herbs and Marble cake have done extremely well & continue to grow aggressively quarter on quarter. On cost & profitability front, our pricing actions and intensified cost efficiency program helped mitigate the inflation. On the back of opportunistic buying and moderation in inflation this quarter, our operating margins improved by 330 Bps. We are being vigilant of the competitive actions in the marketplace and shall deploy appropriate pricing actions to drive market share. In line with our ambition to become responsible total foods company, we entered into a strategic partnership with Bel, the renowned French cheese maker, to offer Indian consumers a world-class range of nutritious, delicious and accessible cheese products. Cheese is an under-penetrated category and this partnership will help us expand the nascent but fast-growing cheese category in India and being a leader in fulfilling evolving consumer needs. 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 PDF BRITANNIA INDUSTRIES LTD. - 500825 - Compliances-Reg. 54 - Asset Cover details
Pursuant to the provisions of Regulation 54 of SEBI (LODR) 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 also enclosed. BRITANNIA INDUSTRIES LTD. - 500825 - Statement Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December, 2022
Pursuant to 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 i.e., 1st February, 2023, inter alia, considered and approved the Statement of Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended 31st December, 2022 and authorized Mr. Nusli N Wadia, Chairman to sign the results to be submitted to stock exchanges. Statement of Unaudited Standalone and Consolidated Financial Results and Limited Review Report for the quarter and nine months ended 31st December, 2022 along with the Press Release is enclosed. The said Results are also being published in the newspapers as required under the SEBI (LODR) Regulations, 2015. BRITANNIA INDUSTRIES LTD. - 500825 - Board Meeting Outcome for Outcome Of Board Meeting Held On 1St February, 2023
Pursuant to 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 i.e., 1st February, 2023, inter alia, considered and approved the Statement of Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended 31st December, 2022 and authorized Mr. Nusli N Wadia, Chairman to sign the results to be submitted to stock exchanges. Statement of Unaudited Standalone and Consolidated Financial Results and Limited Review Report for the quarter and nine months ended 31st December, 2022 along with the Press Release is enclosed. The said Results are also being published in the newspapers as required under the SEBI (LODR) Regulations, 2015.