Britannia Q4 net profit falls 3.8% to Rs537 crore

For entire FY24, Britannia net profit fell 7.76% to Rs2,134.22 crore

New Delhi: Bakery food company Britannia Industries Ltd reported a 3.76 per cent decline in consolidated net profit at Rs536.61 crore for the fourth quarter ended March 2024.

The company had posted a net profit of Rs557.60 crore in the January-March quarter a year ago, according to a regulatory filing by Britannia Industries.

Its revenue from operations in the March quarter was Rs4,069.36 crore, up 1.14 per cent. It was Rs 4,023.18 crore in the corresponding period a year ago.

The total expenses of Britannia Industries, which owns popular brands such as Good Day, Tiger, NutriChoice, Milk Bikis, and Marie Gold, increased 1.98 per cent to Rs3,388.28 crore in the March quarter.

Britannia Industries’ total income rose 1.15 per cent to Rs4,126.70 crore in the March quarter of FY24.

For the entire FY24, Britannia Industries’ net profit fell 7.76 per cent to Rs2,134.22 crore. It was Rs 2,316.32 crore a year ago.

Its total income in FY24 advanced 2.82 per cent to Rs 16,983.45 crore.

Meanwhile, in a separate filing, Britannia Industries informed that its board in a meeting held on Friday has recommended Rs73.5 for per equity share of Re 1 each as the final dividend for the financial year ended March 31, 2024.

Shares of Britannia Industries Ltd on Friday settled 0.32 per cent lower at Rs4,745.15 a piece on the BSE.