Britannia Industries reports double digit bottom-line growth

Britannia Industries, India’s leading biscuit maker reported its Q3FY18 earnings on Monday.

Britannia’s consolidated revenue for the quarter came in at Rs. 2,567.48 crore, registering 9 per cent yoy increase. EBITDA for the quarter rose by 26.6 per cent yoy to Rs. 398.38 crore with a corresponding margin expansion of 216 bps. EBITDA margin for the quarter stood at 15.5 per cent. The company's PAT for the quarter came in at Rs. 263.65 crore, yoy increase of 19.6 per cent.

The management believes this double digit volume growth was backed by investment in brands and widening of company’s distribution network through focus on direct, rural and underpenetrated market. In the overseas business, Britannia continued to face headwinds due to deterioration of geopolitical situation in Middle East and currency fluctuation in Africa.