Britannia Industries’ profitability sparkles in Q4FY16

Britannia Industries has declared its quarterly results on Friday. The company’s revenue has increased by 7.14 per cent to Rs 2211 crore in Q4FY16 as compared to same period in previous financial year. Its EBITDA too has risen by 15.12 per cent to Rs 291 crore in Q4FY16 on a yearly basis. Britannia Industries’ EBITDA margin has expanded by 91 basis points to 13.27 per cent in Q4FY16 as compared to same period in previous fiscal year. The company’s Net Profit also has increased by 13.74 per cent to Rs 190 crore in Q4FY16 on a yearly basis. Its Net Profit margin has expanded by 50 basis points to 8.60 per cent in Q4FY16 as compared to same period in previous financial year.

On the yearly front, Britannia Industries’ top line has increased by 10.44 per cent to Rs 8679 crore in FY16 as compared to previous fiscal year. The company’s EBITDA has been boosted by 41.97 per cent to Rs 1227 crore in FY16 on a yearly basis. Its focus on supply chain efficiencies, wastage reduction, accelerated cost efficiency programme and soft commodity prices has helped to expand operating margins by 360 basis points to 14.13 per cent during the year.

Britannia Industries’ bottom line also has risen by 17.96 per cent to Rs 806 crore in FY16 on a yearly basis. The company’s Net Profit margin has expanded by 53 basis points to 9.29 per cent in FY16 as compared to previous fiscal year.

The company has strengthened its back end with successful commissioning of two new factories in Tamil Nadu and Karnataka. Britannia Industries has reinforced its innovation capability with a state of the art R&D centre in Bangalore.

The share price of Britannia Industries declined by 2.04 per cent on bourses; and closed at 2993.65 on Friday.

Britannia Industries offers a range of bakery products and dairy products. It has around 36 stores and serves cafe chains and multiplex chains. It has operations in Mumbai, Delhi, Kolkata, Chennai, Odisha and Uttaranchal, among others.