Britannia Industries reports healthy quarterly numbers

Britannia Industries consolidated revenue for Q4FY18 came in at Rs. 2,537.52 crore, registering 9.6 per cent yoy increase.

EBITDA for the quarter rose by 28.9 per cent yoy to Rs. 397.11 crore with a corresponding margin expansion of 235 bps. EBITDA margin for the quarter stood at 15.6 per cent. This margin expansion was aided by lower raw material cost in proportion to net sales.

The PAT for the quarter came in at Rs. 263.16 crore, yoy increase of 24.8 per cent. This was partly aided by jump in other income to Rs. 44.4 crore as against Rs. 33.51 in corresponding quarter of the year.

In terms of full year, revenue for FY18 increased 7.1 per cent yoy to Rs. 9,990 crore. EBITDA for the year surge 17.5 per cent yoy to Rs. 1,502 crore with corresponding margin expansion of 130 bps. EBITDA margin for the full year stood at 15 per cent. Also, net profit rose 13.5 per cent yoy to Rs. 1,004 crore. 

The board of directors have recommended the dividend of Rs. 25 per share on equity share of Rs. 2 per share.

However, amid negative sentiment in the market due to uncertainty in government formation in the Karnataka state, the stock of Britannia in Wednesday’s trading session is trading at negative mark of Rs. 5,383, down by 1.2 per cent from previous close.