Britannia Industries Q4 Results: Cons PAT declines 4% YoY to Rs 538 crore; dividend declared at Rs 73.5 per share

FMCG major Britannia Industries on Friday reported a consolidated net profit of Rs 538.28 crore for the quarter ended March 31, 2024, down by 3.6% on a year-on-year basis versus Rs 558.66 crore reported in the year-ago period. The PAT was in line with Street’s estimates, which predicted the same at Rs 537 crore.

The company’s board has recommended a final dividend of Rs 73.5 per share for the financial year ended March 31, 2024.

The total revenue reported in the January-March quarter stood at Rs 4,069.36 crore, which was up nearly 1% over Rs 4,023.18 crore reported by in the corresponding quarter of the last financial year. Meanwhile, the revenues witnessed a marginal miss from Street estimates of Rs 4,130 crore.

More to come…