Britannia Q4 Results Review - Improving Market Shares; Profitability Intact: ICICI Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Britannia Industries Ltd.’s Q4 FY24 revenue growth of ~3% YoY was largely volume-led (~6% YoY), though its trajectory largely remained similar in the context of current demand and competitive environment. Return of market share gain trajectory despite resurgence of competition and continued outperformance in focus states are key positives led by continued distribution expansion and increased brand investments. Margins continue to be significantly elevated vs historical levels with gross margin being largely similar YoY at ~45% while Ebitda margin corrected marginally to 19.4% due to increased ad-spends. It continues to drive-distribution expansion andstrong performance in rural markets and focus states, with focus on driving market share gains while maintaining profitability. That said, material success of (at least a few) new segments and ramp-up of adjacent categories is imperative. Add..Click on the attachment to read the full report:.Britannia Industries Q4 Results: Profit Dips 3.8%, Revenue Rises Marginally.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Britannia Q4 Results Review - Improving Market Shares; Profitability Intact: ICICI Securities

Stable volume growth trajectory with market share gains

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Britannia Q4 Results Review - Improving Market Shares; Profitability Intact: ICICI Securities

Stable volume growth trajectory with market share gains

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