Britannia: to see 12% Revenue growth in Q2

Britannia: to see 12% Revenue growth in Q2

In the June-September period, Britannia Industries is likely to continue its stellar output from the previous quarters and record double-digit growth in volume and revenue. The cookie marker is scheduled for Monday to report its Q2 earnings.

“Britannia will post 12 per cent revenue growth as demand for biscuits remains high as it is a cheap and hygienic product in terms of consumption with many more tea drinking occasions,”

analysts , Elara Securities.

During the June quarter, consumer staples companies were among the least affected, considering the lockout of covid-19. In reality, as stay-at – home consumption soared, packaged food companies thrived.

The growth momentum of Britannia Industries Ltd and Tata Consumer Products Ltd (TCPL) is expected to continue in the September quarter as well. The firm is likely to dish out another strong quarter in the case of Britannia, even as some restraint from the June quarter is expected.

Details about Britannia

Britannia Industries Ltd., founded in 1918, is an FMCG sector-based Large Cap corporation (with a market cap of Rs 90204.71 Crore). Key Goodsthat contributed Rs 10820.57 Crore to Sales Value (98.48% of Total Sales), Other Services that contributed Rs 124.07 Crore to Sales Value (1.12% of Total Sales), Scrap that contributed Rs 27.28 Crore to Sales Value (0.24% of Total Sales), Royalty Income that contributed Rs 14.76 Crore to Sales.
The company posted consolidated revenue of Rs 3384.46 Crore for the quarter ended 30-06-2020, up 20.54 percent from last quarter Revenue of Rs 2807.78 Crore and up 26.41 percent from last year same quarter Sales of Rs 2677.32 In the latest quarter, Crore Company reported net profit after tax of Rs 542.58 Crore.

Dr. Ajai Puri, Mrs. Ranjana Kumar, Mr. Varun Berry, Mr. Nusli N Wadia, Mr. Nimesh N Kampani, Mr. Ness N Wadia, Mr. Keki Elavia, Mr. Keki Dadiseth, Mr. Jeh N Wadia, Mr. Avijit Deb, Mr. A K Hirjee, Dr. Y S P Thorat, Dr. Ajay Shah, Mrs. Tanya Arvind Dubash are the company’s top managers. B S R & Co. Corporation has LLP as the auditors thereof. The firm has a total of 240,725,630 shares pending as of 30-09-2020.


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