BRITANNIA Q4 Results

Britannia 

The Britannia is one of the oldest big companies that has operated since 1892. The company has a variety of nutritious products like biscuits, cakes, and snacks, with the classic list, which is still household names like Good Day, Marie Gold, and 50-50, and new products like NutriChoice Digestive Biscuits and NutriChoice 5 Grain Biscuits.

The company has done a lot of CSR initiatives since its inception in areas like education, health, and nutrition. The company is also doing a lot of R&D for innovation, sustainability, and responsibility in their products.  

BRITANNIA Q4 Results 

Britannia declared its Q4 results after the board meeting that was held on May 3rd. The company has 4,014 crores in sales of goods alone, with 3.1% growth and operating profit revenue of 708 crores (17.6% of sales).

According to the company's vice chairman, Mr. Varun Berry, in its press release, their Q4 report is promising. Despite the tepid consumption of goods, the company has done exceptionally well with 19% growth and 43% operating profit for the 24-month period. 

The company has improved its distribution network with approximately 27.9 lakhs and added 2000 rural distributors to its network. The company's cost-efficiency program had contributed 2% savings to its revenue. The company is also committed to its focus on the ESG program of people, growth, governance, and resources. 

Overall, the company's overall profit for the 4th quarter of March 2024 is ₹530.15 crores, compared with the year-on-year basis for the previous quarter of ₹558.16 crores, which shows the company has been somewhat sluggish in its profits. 

A company of this stature has a lot of metrics one looks for in the account details. For them, we have some of the basic ratios that are really useful to look for, given below.  

Britannia Q3 Results 

Britannia Q3 shows that Rs 4,192 crore, growing by 2%, and operating profit stands at Rs 743 crore. In this quarter, the company has expanded its distribution to 29,000 rural areas, released new products like BeYou Bars, Makhanas, and Jim Jam Pops for consumers liking, and also started offering unique cheese format delights to its consumers. The company has improved its presence in international markets this quarter.

Britannia Board Meetings Outcome 

 Britannia held its board meetings on May 3rd from 3 p.m. to 8 p.m. IST to discuss the audited standalone and consolidated financial reports of Q4 of March 31, 2024, and the financial year 2023–24.

The company had also talked about having the 105th annual general meeting on August 12th, 2024, and also discussed how the dividend equity share that is to be shared will be finalized.

The company has fixed 73.50 rupees per equity share with a face value of Rs 1, and the record date for this final dividend will be on Monday, August 5, 2024. Apart from this, the company has approved the register of the members who might be entitled to the final dividend, with a cut-off date of Tuesday, August 6, 2024, to Monday, August 12, 2024, inclusive of both dates.  

What is the ESG Framework? 

The ESG Framework is related to environmental, social, and governance for the big corporations to be aware of the socio-environmental in which they are operating and be responsible for the biome from which they get the resources for their operation.

This framework was created after three things: the (UNSDG) United Nations Sustainable Development Goal, stakeholder expectations, and maybe political expectations to sort of reduce the PR (public relations) pressure from the environmental groups.

The reports show that they are actively trying to reduce the carbon footprint of their daily operations. This framework is now seen as a replacement for CSR (corporate social responsibility).