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Hot Pursuit News

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(04 May 2024, 09:05)

Britannia Inds Q4 PAT drops 4% YoY to Rs 537 cr

Britannia Industries said that its consolidated net profit declined 3.76% to Rs 536.61 crore in Q4 FY24 as compared with Rs 557.60 crore in Q4 FY23.


Revenue from operations increased 5.45% to Rs 4,104.07 crore in the quarter ended 31 March 2024 as compared with Rs 3892.02 crore posted in the quarter ended 31 March 2023.

Profit before tax (PBT) fell 3.48% YoY to Rs 734.62 crore in Q4 FY24.

The company’s operating profit stood at Rs 708 crore while operating margin was at 17.6% during the quarter.

On full year basis, the company’s consolidated net profit declined 7.86% YoY to Rs 2,134.22 crore. Revenue from operations jumped 3.51% in Q4 FY24 as compared with Rs 15,984.90 crore posted in corresponding quarter last year.

Meanwhile, the company’s board has declared a dividend of Rs 73.5 per share for FY24.

Varun Berry, vice chairman & managing director, said, “In a tepid consumption scenario, our performance this year si...

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