Britannia Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 30, 2021
January 28, 2022 at 01:02 pm
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Britannia Industries Limited reported earnings results for the third quarter and nine months ended December 30, 2021. For the third quarter, the company reported revenue was INR 36,301.1 million compared to INR 32,481.7 million a year ago. Net income was INR 3,711.8 million compared to INR 4,557.5 million a year ago. Basic earnings per share from continuing operations was INR 15.41 compared to INR 18.93 a year ago. Diluted earnings per share from continuing operations was INR 15.41 compared to INR 18.92 a year ago.
For the nine months, revenue was INR 107,548.1 million compared to INR 102,550.7 million a year ago. Net income was INR 11,449.5 million compared to INR 14,995.8 million a year ago. Basic earnings per share from continuing operations was INR 47.53 compared to INR 62.31 a year ago. Diluted earnings per share from continuing operations was INR 47.53 compared to INR 62.29 a year ago.
Britannia Industries Limited specialises in the manufacture and marketing of food products. The activity is organised around 8 categories of products:
- sweet and savoury biscuits: Good Day, 5050, Time Pass, nutri choice, Marie Gold, Tiger and Milk Bikis, Treat, Bourbon, etc.;
- cream wafers: Treat brand;
- croissants: Treat brand;
- rusks: Toastea brand;
- breads: Britannia brand;
- cakes: Gobbles, Romance, Muffills, Layerz, Roll Yo and Fudge it;
- snacks: Time Pass brand;
- dairy products: cheeses (Britannia brand), dairy drinks (Winkin Cow), yoghurts (Daily Fresh), milk, butter, milkshakes, etc.
India accounts for 93.5% of sales.