Britannia Battles Commodity Inflation with Robust Growth Tactics

Britannia Industries Ltd reported a 9.36% decline in net profit for Q2 2024 due to tepid consumer demand and rising commodity costs. Despite this, revenue increased by 4.47% thanks to strategic pricing and distribution. The company is focusing on brand and capability investments to sustain market position.

Britannia Industries Ltd announced a 9.36% drop in its consolidated net profit for the second quarter of 2024, impacted by rising commodity costs and sluggish consumer demand.

Despite the dip in profit to Rs 531.55 crore, the company saw a revenue increase of 4.47%, reaching Rs 4,566.23 crore. Operating margins held steady at 15.5% amid strategic cost optimization efforts.

Vice Chairman Varun Berry highlighted growth in adjacent product lines and described ongoing efforts to refine the distribution strategy and enhance brand investment as they aim to become a 'total global foods company'.

(With inputs from agencies.)