Price hikes help India's Britannia beat profit estimates (updated)

Britannia Industries

06/02/2025 13:48

(Adds background, revenue in paragraphs 4-8)
       Feb 6 (Reuters) - Indian biscuit maker Britannia
Industries  BRIT.NS  beat third-quarter profit estimates on
Thursday, as price hikes helped it counter the impact of a rise
in commodity prices.
    The company, which sells 'Jim Jam' and 'NutriChoice'
biscuits, reported a 5% increase in consolidated net profit to
5.82 billion rupees ($66.43 million) for the three months ended
December 31.
    Analysts, on average, had expected a profit of 5.21 billion
rupees, according to estimates compiled by LSEG.
    Consumer staple companies such as Britannia, Hindustan
Unilever  HLL.NS  and Nestle India  NEST.NS  have had to contend
with inflation in key commodities such as palm oil, cocoa and
sugar.
    As a result, the companies raised prices modestly to
maintain margins.
    Its revenue for the quarter rose 8% to 45.93 billion rupees.
    Overall expenses rose 9% to 38.75 billion rupees. 

($1 = 87.6130 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru and Praveen
Paramasivam in Chennai; Editing by Mrigank Dhaniwala)
 ((Ananta.agarwal@thomsonreuters.com;))