BRITANNIA Britannia Industries Q2 FY25 results (Jul–Sep 2024) and concall
Britannia faced the most challenging quarter with a rare double whammy of weak demand AND high inflation. Revenue grew just 4.5% despite 8% volume growth, as the company had not yet taken price increases - having reversed earlier pricing expecting deflation. PAT declined 9.6% due to commodity inflation (palm oil +45%, cocoa surging) and Rs 50 crore SAR charge. Management presented a compelling analysis of urban slowdown driven by housing costs and weak non-salaried wage growth. The company is now taking decisive pricing action (4-5% over 2 quarters) while doubling down on cost efficiencies. RT
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What they filed
| Line item | Q2 FY25 |
|---|---|
| Revenue | 4,501 |
| EBITDA | 746 |
| Net profit | 514 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
