Britannia Industries announced the Q2 results, net profit jump 23% Rs 495.2 crore

Britannia Industries  announced the Q2 results, net profit jump 23%  Rs 495.2 crore

India is the Largest food maker company on Britannia Industries announced the Q2 Finance results. The company performance increase the YoY Net profit jumped 23% percent this report consolidated Finance results for the quarter 30 Sep 2020 end.

Britannia total revenue Rs.3,419 crore this quarter the last year same quarter Rs.3,049 crore but this year quarter results on YoY changes 12.1% percent up the revenue.

The company Year on Year growth 23% percent jumps a Britannia Industries net profit Rs.495.2 crore but last year same quarter net profit 402.7 crores. This year net profit positive 

EBITDA (Earnings Before Interest Depreciation and Amortization) the 675.4 crore YoY changes 37.2% percent increase the EBITDA, but last year the same quarter 492 crore only. 

Britannia margin increases the 19.7% percent and YoY changes 360 bps. Domestic Britannia Industries Volume growth at 9% percent.

Britannia Industries CEO Varun Berry said; ‘Covid-19 has brought about a situation whereby we are witnessing tectonic shifts in economic growths & consumer behavior across the world. In this quarter, we got our full range of products to the market, focused on efficiency in distribution, followed continuous replenishment system of distribution, improved the health of our distributors and inched closer to normalcy in advertisement & promotions, We are confident of performing well in these tough times with the agility in our action and passion of the team.

Britannia Industries Current Share price Rs.3,769

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