BRITANNIA · Fast Moving Consumer Goods
Britannia Industries Ltd. reported revenue of ₹4,069 cr for January to March 2024, — on the year and −4.4% on the quarter.
Operating profit (EBITDA) was ₹784 cr, a margin of 19.3%, — on the year and 0 bps on the quarter.
Net profit was ₹537 cr, — on the year and −3.4% on the quarter, with earnings per share of ₹22.35.
On earnings per share of ₹88.84 over the last four quarters, the stock at ₹4,773.50 trades at 53.7 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4,433 cr | ₹4,256 cr | ₹4,069 cr | ₹4,250 cr | ₹4,668 cr | ₹4,593 cr | ₹4,432 cr | ₹4,622 cr | ₹4,841 cr | ₹4,970 cr | ₹4,719 cr | ₹5,000 cr |
| YoY | — | — | — | +6% | +5% | +8% | +9% | +9% | +4% | +8% | +6% | +8% |
| EBITDA margin | 19.6% | 19.3% | 19.3% | 17.7% | 16.7% | 18.4% | 18.1% | 16.3% | 19.6% | 19.7% | 17.7% | 16.8% |
| Other income, % of PBT | 7% | 6% | 8% | 5% | 6% | 8% | 8% | 8% | 6% | 6% | 7% | 8% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 27% | 27% | 27% | 26% | 26% | 25% | 26% | 26% | 26% | 26% | 13% | 26% |
| Net profit | ₹586 cr | ₹556 cr | ₹537 cr | ₹505 cr | ₹532 cr | ₹582 cr | ₹559 cr | ₹520 cr | ₹655 cr | ₹682 cr | ₹680 cr | ₹593 cr |
| YoY | — | — | — | +11% | −9% | +5% | +4% | +3% | +23% | +17% | +22% | +14% |
| Core profit YoY | — | — | — | +15% | −10% | +1% | +2% | −1% | +24% | +20% | +6% | +14% |
| EPS | ₹24.39 | ₹23.10 | ₹22.35 | ₹20.99 | ₹22.06 | ₹24.15 | ₹23.25 | ₹21.62 | ₹27.17 | ₹28.23 | ₹28.16 | ₹24.55 |
| Flags | · | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 2 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Britannia Industries Ltd. reported revenue of ₹4,069 cr (— on the year) and net profit of ₹537 cr (— on the year) for January to March 2024.
None of the 2 checks that could run raised a question.
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