BRITANNIA INDUSTRIES LTD. - 500825 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 read with Para A of Schedule III of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Analyst Call held on 2nd November 2023 pertaining to Unaudited Consolidated & Standalone Financial Results for the quarter and half year ended 30th September 2023. BRITANNIA INDUSTRIES LTD. - 500825 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of Loss of Original Share Certificates under Regulation 39(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Hold Britannia Industries; target of Rs 4801: Prabhudas Lilladher
Prabhudas Lilladher recommended hold rating on Britannia Industries with a target price of Rs 4801 in its research report dated November 02, 2023.
Why Britannia won't cede margins
Driven by lower costs, consolidated Ebitda margin expanded 343 basis points (bps) year-on-year and 250 bps sequentially to 19.7%. BRITANNIA INDUSTRIES LTD. - 500825 - Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30, Para B, Part A of SEBI (Listing Obligations & Disclosure Requirements) 2015 read with Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated 13th July 2023, this is to inform you that the Company has commencement the production in its Bihta Plant, Bihar. BRITANNIA INDUSTRIES LTD. - 500825 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of Analyst Call Presentation pertaining to Unaudited Consolidated and Standalone Financial Results of the Company for the quarter and half year ended 30th September, 2023. Q2FY24 Quarterly Result Announced for Britannia Industries Ltd.
Packaged Foods company Britannia Industries announced Q2FY24 results: Sales Performance: - Britannia's consolidated sales for Q2FY24 stood at Rs 4,370 crore, recording a growth of 1% compared to the previous year. - The 24-month sales growth for Britannia is 23%. Profit Growth: - Britannia's operating profit for the quarter increased by 21% compared to the previous year, reaching Rs 801 crore. - The 24-month operating profit growth for Britannia stands at an impressive 58%. Product Innovation: - Britannia introduced new products like Jim Jam Pops and 50-50 Golmaal, which performed well during the quarter. Expansion in Rural Markets: - Despite the reported rural slowdown, Britannia continued its expansion in rural distribution channels, recognizing the potential in these areas. Digital Transformation: - Britannia made significant progress in its digital journey, with digital marketing gaining momentum and leveraging digitalization to improve decision-making and distribution reach. Technological Upgrades: - Britannia successfully commercialized a new Greenfield factory in Bihar during the quarter, in addition to recent Greenfield additions in Uttar Pradesh and Tamil Nadu. This supports the company's goal of building technologically superior factories. Competitive Pricing: - To remain competitive, Britannia implemented strategic pricing corrections in some of its key brands and stock-keeping units (SKUs) after witnessing pricing activity by competitors in certain categories. This resulted in a recovery of market share. Global Commodity Prices: - Due to ongoing strife in the Middle East and Russia, global commodity prices remain volatile. Britannia is closely monitoring the situation and its potential impact on the business. ESG Commitment: - Britannia remains committed to its ESG (Environment, Social, and Governance) framework of People, Growth, Governance, and Resources. The company will continue to focus on initiatives to build a sustainable and profitable business. Commenting on the performance, Varun Berry, Vice Chairman & Managing Director, said, “We delivered a good performance in a challenging environment on the back of 2 years of high inflation. Our innovation this quarter was led by Jim Jam Pops and 50-50 Golmaal, delivering a robust performance. We also launched differentiated cheese formats this quarter making focused inroads to retail shelves. Our potential in rural continues to remain high and hence, expansion in rural distribution continued despite reported rural slowdown. We have progressed well on our digital journey with digital marketing gaining momentum and leveraging digitalization to enhance decision-making & fine-tune distribution reach. Our journey of building technologically superior factories progressed well with the commercialization of our new Greenfield in Bihar during the quarter, in addition to our recent greenfield additions in Uttar Pradesh and Tamil Nadu. With capacity and capability enhancements planned in Ranjangaon Food Park, we are well poised to further extract productivity and enhance competitiveness in these growing markets. As the commodity started to soften this quarter, we have seen pricing activity by competition in certain categories. To ensure that we remain competitive, we took strategic pricing corrections in some of our key brands & SKUs. As a result, our market share recovered this quarter. With the ongoing strife in the Middle East & Russia, the global commodity prices remain volatile. We are being watchful of the situation and its impact on our business. Our strategy will remain focused on driving market share while sustaining profitability. On the 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 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 and 47 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 , please find enclosed copies of the newspaper advertisment published on 2nd Novemeber, 2023 in Financial Express (English- All editions) and in Sangbad Pratidin (Bengali- Kolkata Edition) on the captioned subject.
Britannia Industries Results Earnings Call for Q2FY24
Conference Call with Britannia Industries Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Britannia net profit, revenue up for Q2FY24; stocks trade 3% higher
Earnings before interest, depreciation, taxes and amortisation (EBIDTA) for Q2FY24 was Rs 872.4 crore in the September 2023 quarter, a 22.5 percent YoY increase.