Q3 Result
Britannia shares jump 4% after Q3 results beat expectations!
Mumbai/IBNS: The share prices of Britannia Industries rose 4% after the company reported strong December quarter results, media reports said.
Brokerage firm Nomura noted that volume growth for Q3 exceeded expectations, while sales and margins were higher than anticipated.
The company’s gross profit grew 18% year-on-year, and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose 16% year-on-year to Rs. 980 crore.
CNBC TV18 reported that the EBITDA growth was supported by a 450 basis points expansion in gross margins.
The profit after tax (PAT) stood at Rs. 682.1 crore, marking a 17% year-on-year increase.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
