Britannia shares surge nearly 2% post Q4 results, ₹75/share dividend announcement; company says it would closely monitor commodity prices

At 10:22 AM, the stock was trading at ₹5,452, up 1.13%.

The company's total revenue from operations came in at ₹4,432.19 crore, up 8.9% against ₹4,069.36 crore seen in the corresponding quarter of the previous fiscal year.

Total income stood at ₹4,495.21 crore, up 8.9% from ₹4,126.70 crore income logged in the March 2024 quarter.

Commenting on the performance, Varun Berry, Vice Chairman & Managing Director, said, “With a high single-digit value growth of 9% during the last quarter of the year amidst a tight consumption scenario, the performance underscores our resilience in a challenging operating environment marked by rising commodity prices, changing channel dynamics, and subdued demand across FMCG categories. Strategic pricing actions and a nimble approach in emerging channels, combined with robust cost-efficiency initiatives delivering savings of approximately 3% of revenue, helped us sustain our growth and profitability as we navigated the year effectively."

Berry added that its distribution footprint now directly caters to about 29 lakh outlets across the country, with the rural distributors aiding in strengthening our presence in the rural markets.

"New launches across the product categories, such as the E-comm first launch of our premium range of Pure Magic Choco Frames and Winkin Cow Grow, further reinforced our adjacent businesses while we continued to invest behind the legacy brands through distinctive promotions for Marie Gold and Good Day during the quarter," the MD said.

The MD added that the company would continue to closely monitor commodity prices and evaluate their impact while staying focused on driving healthy, profitable growth and strengthening our market lead.

The company's EBITDA, or earnings before interest, taxes, depreciation, and amortisation, rose 2.3% YoY to ₹805 crore, while its margin slipped to 18.2% against 19.3% in the year-ago period.

Further, as per reports, the company saw a volume growth of 3%.

Dividend update

Britannia said its board has recommended a final dividend of ₹75 per equity share with a face value of ₹1 each for the financial year ending March 31, 2025, to be declared at the ensuing 106th annual general meeting (AGM) of the company. The final dividend, if declared, will be paid within the timelines prescribed under the law.

The board has fixed the date of the 106th AGM to be held on Monday, August 11, 2025.

In another development, the company announced that its board has designated Varun Berry as the chief executive officer (CEO) of the company with effect from May 8, 2025, in terms of Regulation 26A of the SEBI Listing Regulations, 2015, in addition to his current role as the executive vice-chairman and managing director of the company. Accordingly, he will be re-designated as the Executive Vice-Chairman, Managing Director, and Chief Executive Officer of the company.

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