What is the revenue that Britannia has been able to make in Q4?
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Britannia recorded a total revenue from operations of ₹4,069.36 Crore compared to ₹4,023.18 Crore in Q4FY23
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In Q4FY24, Britannia's net profit dropped by 3% YoY to ₹536.61 Crore. However, the company showed some growth, with sales reaching ₹4,014 Crore, up 3.1% over last year, and operating profit at ₹708 Crore. For FY24, Britannia reported consolidated revenue of ₹16,546 Crores, growing 3.5% over previous year. Operating profit rose significantly to ₹2,869 Crores, up by 10.1% (17.3% of sales). Recognizing the company's growth, its board recommended a final dividend of ₹73.5 per share.
With a 120-year legacy, Britannia was established in Kolkata in 1892. The company became a household name in no time and is now one of the country's leading food products companies. The company’s main businesses range from bakery and dairy to different snacking categories. Britannia’s presence exists in over 80 countries. From 1892, the company has come a long way with its ever-expanding product portfolio which now includes a range of delicious and nutritious snacks. Britannia’s long-term vision is to become a Responsible Global Total Foods company. The company believes in manufacturing food that isn’t only healthy but tasty as well. Britannia is committed to being a responsible and sustainable company as a result of which it has taken up initiatives to reduce its environmental footprint. The company believes in using renewable energy sources and promoting sustainable farming practices to name a few measures.
Explore: Britannia Industries Share Price
Britannia has seen a profitable growth in Q4FY24. Here are some of the main highlights from the Britannia Q4 Results:
Total revenue from operations at ₹4,069.36 Crore compared to ₹4,023.18 Crore in Q4FY23
Total income of ₹4,126.70 Crore from ₹4,079.55 Crore in Q4FY23
Net worth at ₹3,941.52 Crore from ₹3405.0 Crore QoQ
Profit before exceptional items and tax at ₹2,916.37 Crores from ₹2,657.1 Crore YoY
Operating Profit for Q4 recorded at ₹708 Crores (17.6% of sales) while the Profit After Tax for Q4’FY24 is at ₹536.61 Crores as compared to ₹557.60 Crores in Q4’FY23
Additional Read: Britannia Industries Ltd
Other than the profitable numbers that the company saw in Q4FY24 and the entirety of FY24, the company also had some key business updates to share. Here is a list of some of them:
Britannia was roped in as a sponsor for IPL 2024 by JioCinemas
Britannia and Mindshare rolled out an AI-powered camera campaign for NutriChoice that featured Ranveer Singh
Bourbon shake by Winkin' Cow and Britannia Bourbon hit the supermarket shelves
Britannia Marie Gold launched HerStore which helps offer support to women entrepreneurs in India.
Britannia Milk Bikis launches a region-specific ad campaign in multiple dialects of Tamil
The company was also able to reach close to 27.9 lakh outlets directly
It also added around 2000 rural distributors in FY24
The company’s channels like Modern Trade and E-commerce saw a double-digit growth compared to the previous year.
Additional Read: Quarterly Results
The fourth quarter of FY24 has brought intriguing developments for Britannia. With sales of ₹4,014 Crore, up 3.1% over last year and an operating profit of ₹708 Crore, Britannia’s growth trajectory appears promising. To add to this, the company’s revenue for the entirety of FY24 stood at ₹16,546 Crore, up by 3.5% from the previous year with a total operating profit of ₹2,869 Crore. With all the numbers in play, the company’s board of directors recommended a final dividend of ₹73.5 per share of face value ₹1 each. Britannia’s Cost Efficiency Program has also continued to yield operational savings of 2% of revenues, which in turn has ensured the maintenance of healthy operating margins
Additional Read: Voltamp Q4 Results
Metrics | For Quarter Ended | For Year Ended | |||
Q4FY24 | Q3FY24 | Q4FY23 | FY24 | FY23 | |
Total Revenue from Operations | 4069.36 | 4256.33 | 4023.18 | 16769.27 | 16,300.55 |
Total Income | 4126.70 | 4306.89 | 4079.55 | 16983.45 | 16516.41 |
Profit Before Tax | 734.62 | 758.23 | 761.10 | 2913.47 | 3032.77 |
Net Profit for the period | 536.61 | 555.66 | 557.60 | 2134.22 | 2316.32 |
Total Comprehensive income for the period | 534.92 | 556.08 | 555.59 | 2135.34 | 2331.63 |
Additional Read: Blue Dart Express Q4 Results
With Britannia’s Q4FY24 out, the growth achieved by the company in FY24 has become apparent. While the numbers indicate how the growth trajectory of the company is moving, Britannia also saw many developments in its businesses. The company was able to expand its distribution network considerably and now reaching 27.9 lakh outlets directly. The company's Modern Trade and E-Commerce channels too have seen double-digit growth over the past year. Apart from all this, the company also launched many campaigns that have helped it push its products further into the spotlight while also contributing towards the growth and betterment of society.
Additional Read: Adani Green Q4 Result
Britannia has seen many profitable developments in Q4FY24. It recorded sales of ₹4,014 Crore which increased by 3.1% over the year and an operating profit of ₹708 Crore. It also saw many campaigns come to fruition and the company was also able to grow its distribution network considerably. With all this in mind, the company’s board of directors recommended a final dividend of ₹73.5 per share of face value ₹1 each.
Additional Read: Tata Technologies Q4 Results
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Britannia recorded a total revenue from operations of ₹4,069.36 Crore compared to ₹4,023.18 Crore in Q4FY23
With Britannia’s Q4FY24 out, the growth achieved by the company in FY24 has become apparent. While the numbers indicate how the growth trajectory of the company is moving, Britannia also saw many developments in its businesses. It also launched many campaigns that have helped it push its products further into the spotlight while also contributing towards the growth and betterment of society.
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