Britannia Industries Q2FY18 consolidated net profit rises 11.5% yoy : Estimates Mixed

Britannia Industries Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18YoY (%)
Revenue2,5453.6
EBITDA37811.4
EBITDA Margin (%)14.8104
Net Profit (adjusted)26111.5
Britania Industries' Q2FY18 consolidated results for the quarter came in mixed versus street estimates. Revenue for the quarter came in 4.4 % lower than the estimated figure of Rs. 2663 crore. EBITDA for the quarter came in 2.7 % lower than the estimated figure of Rs. 388 crore. And lastly, net profit for the quarter came in line with the estimated figure of Rs. 261 crore.

Britania Industries consolidated revenue for the quarter came in at Rs. 2545 crore, registering 3.6% yoy increase.

EBITDA for the quarter rose by 11.4% yoy to Rs. 378 crore with a corresponding margin expansion of 104 bps. EBITDA margin for the quarter stood at 14.8%.

The PAT for the quarter came in at Rs. 261 crore, yoy increase of 11.5%. This was partly led by 23% yoy rise in other income.

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