Britannia Industries Results Earnings Call for Q4FY24
Conference Call with Britannia Industries Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.06-05-2024
06-05-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Britannia Industries Ltd.
Packaged Foods company Britannia Industries announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: - Britannia's consolidated sales for the Q4FY24 stood at Rs 4,014 crore, marking a growth of 3.1% over the previous year. - The operating profit for the same quarter was Rs 708 crore, which is 17.6% of sales. FY24 Financial Highlights: - For the FY24, consolidated revenue reached Rs 16,546 crore, showing a 3.5% increase from the prior year. - The operating profit for the year grew by 10.1% to Rs 2,869 crore, which represents 17.3% of total sales. - The Board of Directors has recommended a final dividend of 7350%, which equates to Rs 73.5 per share with a face value of Re. 1/- each. Commenting on the performance, Varun Berry, Vice Chairman & Managing Director, said: “In a tepid consumption scenario, our performance this year signifies resilience and competitiveness. Over the past 24 months, we have achieved a strong 19% growth in revenue, accompanied by a notable 43% increase in operating profit. Our market share rebounded as the year progressed as a result of strategic pricing actions to maintain competitiveness and intensified investments in brands, supported by distribution expansion. We significantly expanded our distribution network, reaching approximately 27.9 lakh outlets directly and added around 2000 rural distributors over the past year. Our focus states surpassed other regions in terms of growth, despite a generally subdued rural demand. We bolstered our abilities to capitalize on rapidly growing channels like Modern Trade and Ecommerce, both of which experienced double-digit growth compared to the previous year. On Cost & Profitability front, we will stay vigilant of the commodity prices & evolving geopolitical landscape. Our Cost Efficiency Program continues to yield operational savings of ~2% of revenues, ensuring healthy operating margins. We will continue to invest behind our brands and stay price competitive with a clear objective of driving market share while sustaining profits. We remain committed to the ESG framework of People, Growth, Governance and Resources to build a sustainable and profitable business.” Result PDF06-05-2024
BRITANNIA INDUSTRIES LTD. - 500825 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 and 47 of the SEBI Listing Regulations, 2015, please find enclosed copies of the newspaper advertisement published on 4th May 2024 in Financial Express (English- All editions) and Sanghbad Pratidin (Bengali- Kolkata Edition) for the Audited Consolidated and Standalone Financial Results of the Company for the quarter and year ended 31 March 2024.04-05-2024
Britannia Industries Announces Final Dividend Of Rs 73.5 Per Share
The dividend will have a record date of Aug. 5.03-05-2024
BRITANNIA INDUSTRIES LTD. - 500825 - Corporate Action- Board Approves Record Date
The Board of Directors of the Company at their Meeting held today, 3rd May, 2024, have approved the record date for the Annual General Meeting and final Dividend as Monday, 5th August, 2024 for the purpose of Annual General Meeting.03-05-2024
BRITANNIA INDUSTRIES LTD. - 500825 - Board Approves The Closure Of Register Of Members Of The Company From Tuesday, 6Th August 2024 To Monday, 12Th August 2024 (Both Days Inclusive) For The Purpose Of Annual General Meeting Of The Company.
The Board of Directors at their Meeting held today, 3rd May, 2024, have approved the closure of Register of Members of the Company from Tuesday, 6th August 2024 to Monday, 12th August 2024 (both days inclusive) for the purpose of AGM.03-05-2024
BRITANNIA INDUSTRIES LTD. - 500825 - Shareholders Meeting - 105Th AGM To Be Held On August 12Th 2024
The Board of Directors of the Company at their Meeting held today, 3rd May, 2024, have fixed the date of 105th Annul General Meeting to be held on Monday, 12th August, 2024.03-05-2024
BRITANNIA INDUSTRIES LTD. - 500825 - Corporate Action-Board approves Dividend
This is to inform you that the Board of Directors of the Company at their Meeting held today, 3rd May, 2024, have recommended the final dividend for the financial year ended 31st March, 2024 @7350% i.e., Rupees 73.5/- per equity share of Re. 1/- each to be declared at the 105th Annual General Meeting of the Company. Final dividend if declared, will be paid within the timelines prescribed under the law.03-05-2024
BRITANNIA INDUSTRIES LTD. - 500825 - Board Meeting Outcome for Outcome Of The Board Meeting Held On 3Rd May, 2024
This is to inform you that the Board of Directors of the Company at their Meeting held today, 3rd May, 2024, have approved the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended 31st March, 2024, recommended the final dividend, fixed the date of 105th Annual General Meeting to be held on Monday, 12th August, 2024 and approved to close the Register of Members and fixed the record date.03-05-2024