Britannia Industries

NSE indices rejig is part of a semi-annual review, the removal of Britannia and Bharat Petroleum Corporation from the flagship Nifty 50 index will lead to selling pressure of over Rs 2,000 crore

Senior executives of the company said they would be cautious on capital expenditure because growth in volumes remained on a slow burn, hurt by a slowdown in urban demand

The company, which sells 'Jim Jam' and 'NutriChoice' biscuits, reported a 5 per cent increase in consolidated net profit to Rs 582 crore ($66.43 million) for the three months ended December 31

Analysts and investors will keep an eye on management's commentary on the company's growth and margin outlook

Other stocks in CLSA's 2025 India portfolio include Reliance Industries, Tata Consultancy Services, ICICI Bank, ITC, Axis Bank, ONGC, SBI Life, Hindalco, Jindal Steel & Power and IndusInd Bank

In the past two occasions, Britannia share price more-than-doubled after the stock tested its super trend line support on the monthly scale. Will history repeat itself? Chart check here

Britannia Industries shares slipped 3 per cent in trade and registered an intraday low of Rs 4,748.15 per share

The company reported a 9.6 per cent decline in net profit, which stood at Rs 531.5 crore in the July-September quarter compared to the same period last year

Britannia reported its Q2FY25 results on Monday, after market hours. PAT declined by 9.6 per cent to Rs 531 crore

The company, which sells Jim Jam and NutriChoice biscuits, reported a consolidated net profit of Rs 531 crore ($62.95 million) for the three months ended Sept. 30

Q2 company results, November 11: Shree Cements, Jubilant FoodWorks, Bank of India, NMDC, and Ramco Cements will release their Q2FY25 results today

Apart from the FMCG giant's September quarter performance, analysts and investors will keep an eye on the company's rural demand environment, raw material cost outlook, and market share trends

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According to Nielsen, the consumer sector grew 4% Y-o-Y in Q1FY25, down from 6.6% in Q4FY24. Pricing saw a marginal increase of approximately 0.2 per cent, while volumes rose 3.8% Y-o-Y.

Unless there is a sharp upside surprise in terms of volumes, or some unusual gains in margins

The company has increased its rural distribution and now has up to 30,000 rural distributors

Revenue rises due to better operating margins

FMCG major Britannia Industries Ltd said all permanent workers at its Taratala factory in Kolkata have accepted the voluntary retirement scheme (VRS). Despite this significant workforce change, a company official claimed that there would be no material impact on the business operations of Britannia Industries. However, according to senior CITU leader Gautam Ray, production has been stopped at the plant. "There has been no production at the Taratala plant for over 20 days. All 122 permanent employees have accepted VRS, and negotiations are ongoing for 250 contractual workers," said senior CITU leader Gautam Ray. Britannia did not respond to PTI's queries on stopping the production. The Taratala plant, one of Britannia's oldest biscuit manufacturing units, has been operational for over seven decades. According to sources, the Britannia management offered Rs 13 lakh to employees with up to 5 years and 11 months of remaining job tenure, Rs 18.5 lakh for employees with 6 to 10 years o

FMCG companies are also looking at increasing advertising spends in order to grow their brands

The FMCG sector in general may have seen a poor year in terms of demand but there's analyst consensus demand is picking up and the worst may be behind the sector