Britannia - Diversification Of Consumer Choices Impact Q3 Volume: Centrum Broking

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Centrum Broking Report

Britannia Industries Ltd.’s Q3 FY21 performance was below expectations.

Given diversification of consumer choices consolidated revenue/Ebitda/profit after tax grew 6.1%/ 21.8%/ 22.3% led by healthy growth in traditional trade and rural markets, while modern trade and institutional business (~10% each) witnessed moderate recovery.

After a stellar H1 FY21 performance, the company has shifted its focus on strategic planks -

1. grow distribution,
2. cut costs,
3. build innovation pipeline,
4. nurture adjacent business, and
5. strive for sustainable and profitable growth.

We reckon, emphasis on under indexed hindi speaking rural markets helped in gaining market share.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.