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Topline growth remains sluggish at Britannia - Views on News from Equitymaster
 
 
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  • Jan 27, 2000

    Topline growth remains sluggish at Britannia

    Britannia has posted a 25.5% growth in bottomline during the quarter ended 31st December 1999. The company has however posted a sluggish topline growth of 4.2%.

    Britannia has however managed to improve its profitability by controlling costs and limiting its interest expenditure. The rise in profits comes despite a sharp 19% dip in other income.

    The company, like all other FMCG companies, is suffering from sluggish topline growth. So far, the company has managed to generate bottomline growth by cutting costs but in future the volume (and sales) growth will need to grow.

    (Rs m) 3QFY2000 3QFY1999 Change
    Net Sales 2,710.0 2,601.0 4.2%
    Other Income 17.0 21.0 -19.0%
    Expenditure 2,477.0 2,417.0 2.5%
    Interest 18.0 19.0 -5.3%
    Depreciation 44.0 43.0 2.3%
    Profit before Tax (incl. exceptional item) 181.0 143.0 26.6%
    Tax 58.0 45.0 28.9%
    Profit after Tax/(Loss) 123.0 98.0 25.5%
    Net profit margin (%) 4.5% 3.8%  

     

     

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