Britannia Industries Q2 Results Live: Profit Falls by 9.55% YoY
Britannia Industries Q2 Results Live: Revenue increased by 5.29% YoY & profit decreased by 9.55% YoY
Britannia Industries Q2 Results Live : Britannia Industries announced its Q2 results on November 11, 2024, reporting a topline increase of 5.29% year-over-year (YoY). However, the company faced challenges as its profit fell by 9.55% compared to the same quarter last year.
On a quarter-over-quarter (QoQ) basis, revenue showed a positive trend, growing by 9.82%, while profit saw a modest increase of 5.1% when compared to the previous quarter. This reflects a mixed performance in the short term.
The financial statement highlighted a significant rise in Selling, General & Administrative expenses, which surged by 15.02% QoQ and a staggering 45.29% YoY. This increase in costs may have contributed to the decline in profit margins.
Britannia's operating income also reflected contrasting trends, rising by 7.95% QoQ but decreasing by 11.68% YoY, indicating pressures on profitability despite higher revenues in the recent quarter.
Earnings per share (EPS) for Q2 was reported at ₹22.06, marking a decrease of 9.61% YoY. This decline in EPS underscores the impact of rising costs and competitive pressures on the company’s bottom line.
Over the past week, Britannia Industries has delivered a return of -3.39%, but on a longer-term horizon, the stock has gained 5.93% over the past six months and 1.8% year-to-date (YTD).
As of November 12, 2024, Britannia Industries holds a market capitalization of ₹130,903.5 crore, with a 52-week high of ₹6469.9 and a low of ₹4626, reflecting the stock's volatility in recent times.
Among 33 analysts covering Britannia, the consensus recommendation as of November 12, 2024, is to Buy, with 5 analysts rating it as Sell, 12 as Hold, 10 as Buy, and 6 as Strong Buy. This suggests a cautiously optimistic outlook from market experts.
Britannia Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 4667.57 | 4250.29 | +9.82% | 4432.88 | +5.29% |
| Selling/ General/ Admin Expenses Total | 232.28 | 201.95 | +15.02% | 159.87 | +45.29% |
| Depreciation/ Amortization | 76.07 | 73.93 | +2.89% | 71.68 | +6.12% |
| Total Operating Expense | 3960.38 | 3595.2 | +10.16% | 3632.14 | +9.04% |
| Operating Income | 707.19 | 655.09 | +7.95% | 800.74 | -11.68% |
| Net Income Before Taxes | 715.15 | 681.1 | +5% | 798.63 | -10.45% |
| Net Income | 531.45 | 505.64 | +5.1% | 587.59 | -9.55% |
| Diluted Normalized EPS | 22.06 | 21.75 | +1.45% | 24.41 | -9.61% |
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First Published:12 Nov 2024, 12:39 PM IST
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