Britannia Industries Limited (NSE: BRITANNIA)

Britannia Industries Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	167,063	165,462	159,849	139,447	128,830	114,440
Other Revenue	2,515	1,720	2,667	1,491	2,177	1,271
Revenue	169,578	167,182	162,516	140,938	131,007	115,711
Revenue Growth (YoY)	2.46%	2.87%	15.31%	7.58%	13.22%	4.88%
Cost of Revenue	96,569	95,802	96,842	88,370	76,911	69,909
Gross Profit	73,009	71,380	65,674	52,567	54,096	45,803
Selling, General & Admin	15,056	14,920	14,205	10,354	10,157	9,961
Other Operating Expenses	25,607	24,762	23,159	20,198	18,847	17,358
Operating Expenses	43,699	42,686	39,624	32,557	30,982	29,219
Operating Income	29,310	28,694	26,050	20,010	23,114	16,584
Interest Expense	-1,380	-1,621	-1,657	-1,417	-1,063	-724.4
Interest & Investment Income	1,788	1,788	1,632	1,846	2,347	1,768
Earnings From Equity Investments	-68.3	-31.9	54.1	-2	8.1	4.4
Currency Exchange Gain (Loss)	18.8	18.8	36.1	33.1	20.5	59.2
Other Non Operating Income (Expenses)	77.5	60.7	28	24.8	57.7	22.6
EBT Excluding Unusual Items	29,745	28,908	26,143	20,495	24,484	17,713
Merger & Restructuring Charges	-29	-29	-	-9.8	-6.1	-170.1
Gain (Loss) on Sale of Investments	251.7	251.7	420.8	289.1	654.7	898.8
Gain (Loss) on Sale of Assets	4.5	4.5	8.3	9.5	3.3	1.1
Other Unusual Items	-246.4	-	3,756	-	-	-
Pretax Income	29,726	29,135	30,328	20,783	25,136	18,443
Income Tax Expense	7,889	7,793	7,165	5,624	6,630	4,507
Earnings From Continuing Operations	21,837	21,342	23,163	15,160	18,506	13,936
Minority Interest in Earnings	42.5	55.9	54.5	88.4	133.1	90.3
Net Income	21,879	21,398	23,218	15,248	18,639	14,026
Net Income to Common	21,879	21,398	23,218	15,248	18,639	14,026
Net Income Growth	-10.40%	-7.84%	52.27%	-18.19%	32.89%	21.01%
Shares Outstanding (Basic)	241	241	241	241	241	240
Shares Outstanding (Diluted)	241	241	241	241	241	240
Shares Change (YoY)	0.01%	-	-	0.03%	0.15%	0.00%
EPS (Basic)	90.83	88.84	96.39	63.31	77.43	58.35
EPS (Diluted)	90.83	88.84	96.39	63.31	77.40	58.34
EPS Growth	-10.41%	-7.84%	52.26%	-18.21%	32.67%	21.01%
Free Cash Flow	-	20,115	18,148	7,493	16,350	12,404
Free Cash Flow Per Share	-	83.51	75.34	31.11	67.90	51.59
Dividend Per Share	-	73.500	72.000	56.500	-	35.000
Dividend Growth	-	2.08%	27.43%	-	-	133.33%
Gross Margin	43.05%	42.70%	40.41%	37.30%	41.29%	39.58%
Operating Margin	17.28%	17.16%	16.03%	14.20%	17.64%	14.33%
Profit Margin	12.90%	12.80%	14.29%	10.82%	14.23%	12.12%
Free Cash Flow Margin	-	12.03%	11.17%	5.32%	12.48%	10.72%
EBITDA	32,396	31,595	28,212	21,921	25,065	18,359
EBITDA Margin	19.10%	18.90%	17.36%	15.55%	19.13%	15.87%
D&A For EBITDA	3,086	2,901	2,162	1,912	1,951	1,776
EBIT	29,310	28,694	26,050	20,010	23,114	16,584
EBIT Margin	17.28%	17.16%	16.03%	14.20%	17.64%	14.33%
Effective Tax Rate	26.54%	26.75%	23.62%	27.06%	26.38%	24.44%
Revenue as Reported	172,247	169,835	165,164	143,591	134,490	118,790
Advertising Expenses	-	6,945	6,751	4,173	4,515	4,754

Source: S&P Capital IQ. Standard template. Financial Sources.