Food products manufacturing company Britannia posted its quarterly results for Q4 FY22 on May 2, 2022.
The company reported a marginal increase of 2.1% QoQ in its PAT which came in at Rs 377 crore against Rs 369 crore in the previous quarter. On a YoY basis, the PAT jumped 4.7% to Rs 377 crore from Rs 360 crore in the year-ago period.
The company’s revenue from operations jumped 13.4% YoY to Rs 3,550 crore from Rs 3,130 crore in the previous quarter, while it reduced by 0.6% YoY to Rs 3,550 crore from Rs 3,574 crore in the year-ago period. Britannia’s net worth declined on a YoY basis to Rs 2,558 crore in the quarter under review from Rs 3,547 crore in the year-ago period.
The company’s operating margin improved on a QoQ basis to 14.05% from 13.67%. However, the operating margin reduced to 14.05% from 14.47%. This is mostly on account of an increase in input cost.
The company’s net profit margin came in at 10.49% against 10.17% in the previous quarter and 11.27% in the corresponding quarter in the previous financial year.
Britannia’s Board of Directors recommended a dividend of Rs 56.5 per share.
Varun Berry, Managing Director, said that during the March quarter, the company delivered top-line growth of 15%. And mid-single-digit volume growth. Its growth in organized trade channels remained robust, wherein revenues from E-commerce doubled over last year. The company launched new to market innovations viz. Good Day Harmony, Jeera Marie and Nutrichoice Seeds & Herbs and new variants in Croissant & Wafers to further strengthen its offerings.
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Research Analyst: Bavadharini KS