Q2 2025 Britannia Industries Ltd Earnings Call Transcript
Key Points
- Britannia Industries Ltd (BOM:500825) reported a volume growth of 8% for the quarter, indicating strong demand for its products.
- The company has successfully expanded its direct reach to 28.5 lakh outlets and increased its rural distribution network to over 30,000 distributors.
- Innovations such as Milk Bikis and wafer roll formats in Tamil Nadu have been well-received, contributing to the company's growth.
- Britannia's adjacent businesses, including wafers, rusk, and croissants, have shown positive momentum despite the challenging market environment.
- The company is leveraging digital adoption for enhanced efficiencies across sales, marketing, and supply chain, which is expected to drive future growth.
- Britannia Industries Ltd (BOM:500825) is facing a tough demand environment, particularly in urban and metro areas, due to high inflation and increased housing costs.
- The company reported a decline in operating profits by 12% on a 12-month basis, reflecting the impact of rising commodity costs.
- Inflation in key raw materials such as palm oil, flour, and cocoa is putting pressure on the company's margins.
- The company's profit after tax decreased by 9.6%, indicating challenges in maintaining profitability amidst rising costs.
- Competitive intensity in the market remains high, with some players engaging in aggressive pricing strategies, which could impact Britannia's market share.
Ladies and gentlemen, good day and welcome to Britannia Industries Limited Q2 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Ayush Agarwal, Investor Relations. Thank you and over to you Mr. Agarwal.
Thanks, Nirav. Good morning, everyone. This is Ayush from the Investor Relations team. I welcome you all to the Britannia earnings call to discuss the financial results of Q2 2024, 2025. Joining us today on this earnings call is our Vice Chairman and Managing Director, Mr. Varun Berry, Executive Director and CEO, Mr. Rajneet Singh Kohli, Executive Director and CFO, Mr. N. Venkataraman, Chief Commercial Officer, Seal and Replenishment. Mr. Vipin Kataria, Chief Manufacturing and Procurement Officer, Mr. Manoj Balgi and Chief Marketing Officer, Mr. Amit Doshi.
The analyst deck is uploaded on our website before I pass it on to Mr. Varun Berry. I would like to draw your attention to the Safe Harbor
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