InvestorQ : How do you view the performance of Britannia in the quarter ended Sep-20?
ishika Banerjee made post

How do you view the performance of Britannia in the quarter ended Sep-20?

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2 months ago
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The FMCG major and part of the Nusli Wadia group announce its results for the Sep-20 quarter on 19 October. Britannia Q2 net profits were sharply up by 23% at Rs495cr on yoy basis and the momentum that began 6 years back appears to continue.

In fact, Britannia reported 12% higher sales revenues on a yoy basis at Rs3419cr and this was also accompanied by a 40% growth in operating profits at Rs627cr. However, a sound performance in Jun-20 meant that sequential performance was below par.

On a year to year comparison, the operating margins and net margins expanded while these margins were lower on a sequential basis. Interestingly, the Jun-20 quarter, despite the pandemic, was a good demand period for Britannia and the lower costs ensured better profits directly impacting bottom line.

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