Britannia Industries Ltd. Q3 FY2024 results: revenue ₹4,256 crore, up 1.4% on the year
Britannia Industries Ltd. (BRITANNIA) reported consolidated revenue from operations of ₹4,256 crore for Q3 FY2024, the quarter ended 31 December 2023, up 1.4% on the same quarter a year earlier. Profit after tax was ₹556 crore, down 40.4% on the year, and earnings per share ₹23.11. The figures are the company's own, from the unaudited results it filed with NSE on 7 February 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 4,256 | 4,433 | n/a | n/a |
| Other income | 51 | 52 | n/a | n/a |
| Total income | 4,307 | 4,485 | n/a | n/a |
| Cost of materials consumed | 2,129 | 2,283 | n/a | n/a |
| Purchases of stock-in-trade | 239 | 264 | n/a | n/a |
| Changes in inventories | 21 | -15 | n/a | n/a |
| Employee benefit expense | 198 | 160 | n/a | n/a |
| Finance costs | 31 | 53 | n/a | n/a |
| Depreciation, depletion and amortisation | 78 | 72 | n/a | n/a |
| Other expenses | 848 | 869 | n/a | n/a |
| Total expenses | 3,544 | 3,686 | n/a | n/a |
| Profit before exceptional items and tax | 762 | 800 | n/a | n/a |
| Exceptional items | -3 | 0 | n/a | n/a |
| Profit before tax | 760 | 800 | n/a | n/a |
| Current tax | 200 | 208 | n/a | n/a |
| Deferred tax | 3 | 4 | n/a | n/a |
| Total tax | 203 | 212 | n/a | n/a |
| Profit after tax | 556 | 586 | n/a | n/a |
| Attributable to owners of the parent | 556 | 588 | n/a | n/a |
| Other comprehensive income | 0 | 3 | n/a | n/a |
| Total comprehensive income | 556 | 589 | n/a | n/a |
| EPS, basic | ₹23.11 | ₹24.41 | n/a | n/a |
| EPS, diluted | ₹23.11 | ₹24.41 | n/a | n/a |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.01 | 0.01 | n/a | |
| Debt service coverage | n/a | 0.08 | n/a |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,433 | 4,256 | 4,069 | 4,250 | 4,668 | 4,593 | 4,432 | 4,622 | 4,841 | 4,970 | 4,719 | 5,000 |
| Expenses | 3,686 | 3,544 | 3,388 | 3,600 | 3,995 | 3,875 | 3,739 | 3,973 | 4,006 | 4,108 | 3,970 | 4,262 |
| Operating profit | 872 | 821 | 787 | 754 | 783 | 845 | 805 | 757 | 955 | 980 | 853 | 840 |
| OPM % | 20% | 19% | 19% | 18% | 17% | 18% | 18% | 16% | 20% | 20% | 18% | 17% |
| Other income | 52 | 51 | 57 | 56 | 46 | 62 | 63 | 57 | 52 | 59 | 55 | 61 |
| Interest | 53 | 31 | 26 | 29 | 35 | 45 | 31 | 26 | 35 | 33 | 19 | 23 |
| Depreciation | 72 | 78 | 80 | 74 | 76 | 82 | 81 | 82 | 85 | 85 | 85 | 80 |
| Exceptional items | 0 | -3 | 0 | -25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 800 | 760 | 738 | 682 | 719 | 780 | 757 | 706 | 887 | 922 | 804 | 799 |
| Tax % | 27% | 27% | 27% | 26% | 26% | 25% | 25% | 26% | 26% | 26% | 13% | 26% |
| Net profit | 586 | 556 | 537 | 505 | 532 | 582 | 559 | 520 | 655 | 682 | 680 | 593 |
| EPS in ₹ | ₹24.41 | ₹23.11 | ₹22.35 | ₹20.99 | ₹22.06 | ₹24.15 | ₹23.25 | ₹21.62 | ₹27.17 | ₹28.23 | ₹28.16 | ₹24.55 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 7 February 2024: the result statement. All of Britannia Industries Ltd.'s results: NSE company page.
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