britannia industries share price In FY25, Britannia Industries plans to increase sales volume by double digits.

Delhi, New: On Monday,britannia industries share price Britannia Industries announced that despite the likely rise in wheat and sugar prices – two key ingredients for packaged goods – it would aim for double-digit growth in sales volume this fiscal year as well, expecting normal monsoons to support demand.

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“The revenue and volume numbers of last year are almost same. But if you see quarter on quarter, it is very different. The volume growth in the most recent quarter was twice the revenue growth.. So except for Q1 which is largely comparable to last year, we are looking at a pretty strong volume growth this year,” Varun Berry, vice chairman and managing director at Britannia said during the post-earnings call on Monday. “I would think that post-election, post-monsoon we should be targeting towards a double digit volume growths for sure.”

The company on Friday announced that its consolidated sales for the quarter ended March 31 rose 3.1%YoY to Rs 4,014 crore. Profit fell 3.7% YoY to Rs 536.61 crore.The company’s consolidated full-year revenue through March rose 3.5% YoY to Rs 16,546 crore.

The maker of Milk Bikis and Good Day biscuits reported a 4% increase in sales volumes in FY24.

According to the company ,prices have cooled off palm laminates and corrugates; overall commodity costs were still benign in the March quarter.. However businesses raised their prices generally due to high inflation , which led consumers cutting back on their purchases of everyday items and moving to cheaper alternatives.

britannia industries share price Despite Economic Headwinds

“Instead of being deflationary our forecast for this year is slightly inflationary or around about three percent CAGR… Wheat seems like good crop.. Government has not been holding much so government buying will happen because they have initiatives… My view on wheat for the year is a little bit inflationary… Sugar crop this year has not been as good as last year but it’s not bad.. Therefore there will be some inflation coming in from sugar. In terms of commodities, we are doing whatever is required for us to get our targeted numbers,” Berry said.

The company expects commodity inflation to be between 3 percent and 4 percent after the elections in FY25. It also declared on Friday that it would keep an eye out for changes in geopolitical environment and commodity prices.

But other major packaged goods manufacturers have now gone into volume-led growth after two years of price-led growths. Businesses increased their prices generally due to high level of inflation which led consumers cutting back on their purchases of everyday items and moving to cheaper alternatives.

But maybe the trend is about to change.

britannia industries share price Britannia Aims for Double-Digit Sales Volume Expansion

Nestle India had also dropped hints about increasing volume last week. “My aim is irrespective of market conditions I should be able perform in top quartile.. We need to step-up because we used to have 8-9% volume growth,” said Suresh Narayanan, chairman and managing director at Nestlé India during a media roundtable. The business declared a five percent increase in overall volume during the quarter ended March 31st as well

Hindustan Unilever Ltd., India’s largest consumer goods maker, also reported a 2% rise in volume growth for the March quarter.

“This is the right time to chase volumes. More customers, more consumption and premiumising through product mix is the most ethical thing to do… That is strengthening our business. We’re focused on driving volumes and entering fast-growing sectors at this point because those are things we can really control,” CEO and managing director of Hindustan Unilever Rohit Jawa told Mint earlier this month.