Britannia Industries Q2 Results Live: Profit Falls 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.