FMCG major Britannia Industries is probable to hike up to 20% YoY revenue growth to Rs 4,041 crore in Q3FY23, sustained by 4-5% growth in volumes, projected analysts. The biscuit manufacturer stated revenues at Rs 3,531 crore in the earlier quarter. The company is planned to proclaim results on February 1.
As per the brokerage evaluations, analysts imagine Britannia to roar stable limits, expanding up to 87 bps YoY to 16.2% in Q3FY23, owing to a fall in raw material prices and price hikes undertaken. However, it is likely to decline to 25 bps sequentially from 16.4% in Q2FY23. Besides, Profit-after-tax (PAT) will likely grow 23% YoY to Rs 440 crore in the quarter.
On the bourses, Britannia outdid peers as shares flowed 12% in Q3FY23, whereas aristocrats like Hindustan Unilever (HUL), Dabur India, ITC, and Tata Consumer weakened up to 5% during the same period. In comparison, the S&P BSE FMCG index glided by 0.64% in Q3FY23.
The brokerage Axis Securities firm estimations the FMCG major to clock 14% YoY revenue progress to Rs 4,115 crore on the back of development in distribution reach and market share improvements.
According to Motilal Oswal, Analysts imagine a 7% volume progress in base business in Q3FY23. While price upsurges will help functioning margins, analysts said they would intensely watch out for management’s explanation of raw material price outlook. Besides, Ebitda margins are predicted to grow to 16.1% in Q3FY23 from 15.1% in Q3FY22. The brokerage firm relics’ neutral’ on the pledge, partaking in a marked price of Rs 4,280 per share.