Britannia - Diversification Of Consumer Choices Impact Q3 Volume: Centrum Broking
Britannia products. (Image: Company website)

Britannia - Diversification Of Consumer Choices Impact Q3 Volume: Centrum Broking

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.

Centrum Broking Report

Britannia Industries Ltd.’s Q3 FY21 performance was below expectations.

Given diversification of consumer choices consolidated revenue/Ebitda/profit after tax grew 6.1%/ 21.8%/ 22.3% led by healthy growth in traditional trade and rural markets, while modern trade and institutional business (~10% each) witnessed moderate recovery.

After a stellar H1 FY21 performance, the company has shifted its focus on strategic planks -

  1. grow distribution,
  2. cut costs,
  3. build innovation pipeline,
  4. nurture adjacent business, and
  5. strive for sustainable and profitable growth.

We reckon, emphasis on under indexed hindi speaking rural markets helped in gaining market share.

Click on the attachment to read the full report:

Centrum Britannia Industries Ltd - Q3FY21 Result Update .pdf

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