Britannia profit rises 11% to Rs 726 cr

BENGALURU: Britannia Industries reported a 10.8% year-on-year rise in consolidated net profit to Rs 726 crore for the September quarter, even as expenses grew faster than income. It had posted a profit of Rs 655 crore a year earlier.Total income rose 15.9% to Rs 5,671 crore in the second quarter of FY27, compared with Rs 4,893 crore in the corresponding period last year.The biscuit maker reported 13% growth in sales volumes, which measure the quantity sold. Sales of goods rose 16.6% to Rs 5,542 crore from Rs 4,752 crore a year earlier.“We sustained strong top-line momentum during the quarter, delivering a healthy double-digit volume and value growth that was broad-based across channels and key states,” chief executive and managing director Rakshit Hargave said.He said bakery products, businesses beyond biscuits and international operations also contributed to growth.However, total expenses increased 17.1% to Rs 4,690 crore from Rs 4,006 crore. Spending on raw materials, the largest expense, rose 22.3% to Rs 3,237 crore from Rs 2,647 crore.“We remain watchful of the inflationary pressures,” Hargave said. He also pointed to new products and cost efficiency as priorities for profitable growth.For the April-September period, consolidated net profit rose 12.3% to Rs 1,319 crore from Rs 1,175 crore. Total income increased 12.1% to Rs 10,733 crore from Rs 9,572 crore. Sales volumes grew 11% during the six months.You use AI every day. Now get your AI Quotient. Take the AIQ test.