Q4 2025 Britannia Industries Ltd Earnings Call Transcript
Key Points
- Britannia Industries Ltd (BOM:500825) reported a 9% growth in turnover for the quarter, indicating a positive trend in sales.
- The company achieved a 6% growth in revenue from operations for the full year, with a 10% growth on a two-year basis.
- Significant progress in distribution was made, with direct reach increasing from 27.9 lakh outlets to 28.7 lakh outlets, and rural distributors rising from 30,000 to 31,000.
- Innovative product launches, such as the Pure Magic Harry Potter-themed biscuits, have been successful, particularly in e-commerce channels.
- The company has maintained its ESG commitments, achieving plastic neutrality for the fourth consecutive year and increasing recyclable packaging by 17% compared to last year.
- The company faced aggressive inflation, with palm oil prices increasing by 54% year-on-year and wheat prices expected to remain high.
- Despite a 4% growth in profit after tax for the quarter, the growth was relatively flat on a 24-month basis.
- Competitive intensity remains a concern, with the presence of numerous unlisted players and B2C companies entering the market.
- The company has not introduced any new categories in recent years, focusing instead on growing existing adjacencies.
- There is uncertainty regarding the impact of inflation on future pricing strategies, with the company closely monitoring commodity prices.
Good morning, everyone, and thank you for joining the call. So without much ado, let me jump into the presentation. So Page 1, basically, it's showing the trends, the forecasts that we are seeing. So it shows the real GDP as well as the nominal GDP trending upwards. And similarly, for the real private final consumption expenditure, as well as the nominal target expenditure trending upwards in Q3 and Q4.
So we are hoping that these are clear signs of recovery of the slowdown that we see in the FMCG industry. On that positive note, let me move on to our performance scorecard. So in this quarter, we've seen a turnover of INR4,376 crores, which was on a 12-month growth basis was a 9% growth.
And if you look at a 2-year number, it's a 12.4% growth. And profit after tax, we've seen 12.8% of revenue for the fourth quarter, which is a 4% growth on a 12-month basis and a little flattish on the 24-month basis.
Moving on to the next slide, which is the revenue from operations. The revenue from operations for the full year was INR17,535 crores, which was a 6%
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