Britannia Industries Q1 net profit doubles

Tigre biscuits maker Britannia Industries net profit during fiscal first quarter to June 30, more than doubled driven by strong revenue and operational growth.
Profit increased to Rs 545.7 crore during the June quarter 2020, compared to Rs 251.03 crore in corresponding period last fiscal.

Revenue from operations jumped 26.7 percent year-on-year to Rs 3,420.67 crore in June quarter 2020.
The biscuit maker hugely benefited from the cost effective measures through extraction of supply chain efficiencies, reduction in wastages and fixed costs leverage.

It also rationalized media spends considering the constraints of inventories due to higher market demand. These measures helped improve the shape of business and record a massive increase in operating profit during the quarter.
Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) grew sharply by 82% year-on-year
to Rs 717 crore and margin expanded 640bps YoY to 21% in quarter ended June 2020.
Britannia’s domestic volume growth at 22% in June quarter.

After the lockdown easing, Britannia launched ‘Winkin Cow Lassi’ and a Rs 5 Layer cake pack to expand its reach.

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