BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Report
Britannia Industries Ltd. reported sequentially flat revenue of Rs 3,419 crore (up 12.1% YoY).
In Q2 FY21, the company sold full range of products to the market, focused on efficiency in distribution, followed continuous replenishment system of distribution, and spent marginally in advertisement and promotions as well.
Ebitda margin contracted by 121 basis points QoQ/up 361 basis points YoY to 19.8% in Q2 FY21, while Ebitda grew 37.2% YoY/ (down 5.8% QoQ) to Rs 675 crore.
The company witnessed moderate cost inflation in the prices of key raw materials and expect the prices to be stable going forward given the positive outlook on monsoon and harvest.
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