Britannia Industries Profit Declines 3.3% To Rs 360 Crore In March Quarter

Britannia Industries Profit Declines 3.3% To Rs 360 Crore In March Quarter [ad_1]

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Britannia Industries Profit Declines 3.3% To Rs 360 Crore In March Quarter

Britannia This fall Results: The firm reported a 3.3 per cent decline in revenue at Rs 360 crore

Britannia Industries reported a consolidated revenue of Rs 360 crore within the January-March quarter of the monetary 12 months 2020-21, registering a 3.3 per cent decline in revenue year-on-year, in comparison with Rs 372 crore within the corresponding interval of earlier fiscal. According to a regulatory submitting by the agency to the BSE on Tuesday, April 27, the corporate’s consolidated income from operations stood at Rs 3,130.7 crore within the quarter ended March 2021. The nation’s main biscuit producer reported its working efficiency within the fourth quarter of fiscal 2020-21 decrease than analysts’ estimates.

The firm’s complete income from operations witnessed a rise of 9.2 per cent year-on-year within the March quarter, in comparison with Rs 2,867.70 crore within the year-ago interval.

”Despite the opposed situations, we managed to ship good outcomes by way of topline development, profitability enchancment and market share positive aspects,” mentioned mentioned Mr. Varun Berry, Managing Director, Britannia. According to the Managing Director, Britannia carried out three transformational digital initiatives – an Online Dealer Management System, an Integrated Vendor Management System, and S4 HANA, within the final quarter of the 12 months.

Mr Berry famous that through the January-March quarter, the corporate focussed on the essential constructing blocks of brand name constructing, rural distribution, and direct attain. The firm’s price effectivity program for the 12 months delivered the focused outcomes, delivering sturdy price management.

He added that on the commodity price entrance, packing materials,  palm oil, in addition to dairy merchandise registered steep will increase, whereas strategic shopping for helped the corporate handle the fee will increase in a higher means.

On Tuesday, shares of Britannia Industries settled 0.01 per cent larger at Rs 3,540 apiece on the BSE.

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