Britannia Q3 | Net profit declines 19% to Rs 371 crore on higher costs, tepid demand




FMCG major Britannia Industries Ltd on January 28 reported a consolidated net profit of Rs 371 crore for the third quarter ended December 2021, lower by 19 percent from Rs 456 crore bottom line reported a year back. The company had recorded a post-tax profit of Rs 384 crore in the previous quarter.

Consolidated revenue from operations for one of the oldest biscuit makers in the country stood at Rs 3,575 crore, up 13 percent, compared to Rs 3,165 crore reported in the year-ago period. Revenue in the preceding quarter was Rs 3,607 crore.


“We delivered a high single-digit volume growth significantly ahead of the market and a resilient double-digit top-line growth of 13%, driven by superlative performance across Divisions and Channels", Varun Berry, Managing Director, said while commenting on the performance for the quarter.

"While the rural markets across FMCG witnessed a significant slowdown, we were able to maintain a significant competitive advantage through our focus to enhance rural footprint and our diligent market practices, which is reflected in the robust topline growth and consistent gain in market share", Berry added.