Britannia Industries net profit up 4.3%, but margins under pressure

Britannia Industries saw its net profit increase 4.3 per cent year-on-year (YoY) to Rs 379.9 crore in the March quarter of financial year 2021-22 (Q4FY22) as margins were under pressure due to higher raw material costs.

The cost of raw material consumed in the quarter was up 21.3 per cent to Rs 1,858.7 crore, while its margins stood at 17 per cent, compared with 18.2 per cent in the year-ago period. The biscuit major’s revenue from operations rose 13.4 per cent YoY in Q4 to Rs 3,550.5 crore.

“In this quarter, we delivered a robust top-line growth of 15 per cent and