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Britannia Industries Ltd Q2FY21 consolidated PAT slips QoQ to Rs. 498.13 crores

Posted On: 2020-10-19 04:45:04 (Time Zone: Arizona, USA)


BRITANNIA INDUSTRIES LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3492.61 crores during the period ended September 30, 2020 as compared to Rs.3514.35 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.498.13 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.545.70 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.20.68 for the period ended September 30, 2020 as compared to Rs.22.69 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 3492.61 crs₹ 3514.35 crsDown Tick -0.62%
Net Profit₹ 498.13 crs₹ 545.70 crsDown Tick -8.72%
EPS₹ 20.68₹ 22.69Down Tick -8.86%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.3492.61 crores during the period ended September 30, 2020 as compared to Rs.3116.99 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.498.13 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.404.22 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.20.68 for the period ended September 30, 2020 as compared to Rs.16.82 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 3492.61 crs₹ 3116.99 crsUp Tick 12.05%
Net Profit₹ 498.13 crs₹ 404.22 crsUp Tick 23.23%
EPS₹ 20.68₹ 16.82Up Tick 22.95%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.7006.90 crores during the 6 months period ended September 30, 2020 as compared to Rs.5884.77 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.1043.83 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.655.25 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.43.37 for the 6 months period ended September 30, 2020 as compared to Rs.27.26 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 7006.90 crs₹ 5884.77 crsUp Tick 19.07%
Net Profit₹ 1043.83 crs₹ 655.25 crsUp Tick 59.3%
EPS₹ 43.37₹27.26Up Tick 59.1%

Commenting on the performance, Mr. Varun Berry, Managing Director, said: "Covid-19 has brought about a situation whereby we are witnessing tectonic shifts in economic growths & consumer behaviour across the world. While the Government ended the lockdown, it appears that it will take a while for the situation to normalize. These times have re-enforced the importance of giving back to the society & community at large and we are making headways into creating a business which cojoins sustainability & profitability.

In this quarter, we got our full range of products to the market, focussed on efficiency in distribution, followed continuous replenishment system of distribution, improved the health of our distributors and inched closer to normalcy in advertisement & promotions. The nimble culture & the hard work put in by the team helped deliver a resilient performance in these challenging times. All the adjacent businesses too delivered a healthy profitable growth.

On the cost front, we witnessed moderate inflation in the prices of key raw materials and expect the prices to be stable going forward given the positive outlook on monsoon & harvest. We sustained a large part of the efficiency gains that we witnessed in the previous quarter viz., supply chain efficiencies, reduction in wastages and fixed costs leverage. These measures helped us sequentially sustain the shape of our business and record a massive 390 bps increase in operating profit during the quarter vs. last year.

We are keeping a close watch on macro-economic factors, changes in laws, evolving consumer behaviour and are framing our medium-term strategy laying out scenarios to deal with this dynamic environment. We are confident of performing well in these tough times with the agility in our action and passion of the team."

Shares of BRITANNIA INDUSTRIES LTD. was last trading in BSE at Rs.3773.8 as compared to the previous close of Rs. 3747.55. The total number of shares traded during the day was 16654 in over 2838 trades.

The stock hit an intraday high of Rs. 3795 and intraday low of 3744.2. The net turnover during the day was Rs. 62864724.


Source: Equity Bulls

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