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Britannia Industries reports 40% fall in Q3 consolidated net profit

07 Feb 2024 Evaluate

Britannia Industries has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The company has reported 29.80% fall in net profit at Rs 538.36 crore for the third quarter ended December 31, 2023 as compared to Rs 766.93 crore for the same quarter in the previous year. However, total income of the company increased by 2.28% at Rs 4151.97 crore for Q3FY24 as compared Rs 4059.59 crore for corresponding quarter of the previous year.

On consolidated basis, the company reported 40.41% fall in its net profit at Rs 555.66 crore for Q3FY24 as compared to Rs 932.40 crore for the same quarter in the previous year. However, total income of the company increased by 1.40% at Rs 4306.89 crore for Q3FY24 as compared Rs 4247.55 crore for corresponding quarter of the previous year.

Peers
Company Name CMP
Nestle India 1382.00
Varun Beverages 435.55
Britannia Industries 4937.00
LT Foods 430.00
Hatsun Agro Product 1157.65
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