Britannia's Q3 revenues may rise up to 20% YoY on higher volumes: Analysts

Britannia outperformed peers as shares surged 12 per cent in Q3FY23, whereas peers like Hindustan Unilever (HUL), Dabur India, ITC, and Tata Consumer declined up to 5 per cent, during the same period

FMCG major Britannia Industries is likely to clock up to 20 per cent year-on-year (YoY) revenue growth to Rs 4,041 crore in Q3FY23, buoyed by 4-5 per cent growth in volumes, estimated analysts. The biscuit maker reported revenues at Rs 3,531 crore, in the year-ago quarter. The company is scheduled to announce results on Wednesday, February 1.

According to brokerage estimates, analysts expect Britannia to report stable margins, expanding up to 87 basis points (bps) YoY to 16.2 per cent in Q3FY23, owing to fall in raw material prices and price hikes undertaken. However, it is likely to decline up