This FMCG company, which deals in the manufacture of products that include Biscuits, Bread, Rusk, Cakes, and Dairy products such as Cheese, Beverages, Milk, and others, dropped upto 3 percent after the Executive Director & CEO resignation.
Share Price Movement
In Thursday’s trading session, Britannia Industries Ltd‘s share price was up by 1.70 percent and touched a day’s high of Rs. 4,801. The stock reiterated from the day’s high and touched a day’s low price of Rs. 4,653.05, which is 3.08 percent lower than the previous close of Rs. 4,720.40 per share.
The share price in the past year has given negative returns of 3 percent and has underperformed the Nifty Index in the same period.
What Happened
The company’s stock was in focus after its exchange filing revealed that the Chief Executive Officer and Executive Director, Rajneet Singh Kohli, has submitted his resignation on 5th March 2025 to pursue an opportunity outside Britannia. The Board of Directors has noted the resignation of Rajnath Singh Kohli and shall be relieved from the services of the company on 14th March 2025 within close of business hours.
Financials
In its latest filing for the quarter ending December 2024, the company reported a 7.91 percent increase in operating revenue, reaching Rs. 4,593 crore compared to Rs. 4,256 crore in Q3FY24. On a quarter-over-quarter basis, the operational revenue fell by 1.60 percent from Rs. 4,668 crore in Q2FY25.
During the same period, the net profit stood at Rs. 582 crore in Q3FY25, compared to Rs. 556 crore in Q3FY24quits . Quarterly, the profit increased by 9.39 percent from Rs. 532 crore.
Company Profile
Britannia Industries is a leading Indian food company founded in 1892, specializing in biscuits, bread, dairy products, and snacks. It holds a significant market share in India and exports to over 80 countries, with a strong focus on innovation and sustainability.
Written by – Santhosh S
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