Britannia Industries eyes double-digit sales volume growth in FY25

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₹4,014 crore. Profit fell 3.7% year-on-year to ₹536.61 crore. For the fiscal year ended March, consolidated revenue grew 3.5% to ₹16,546 crore.

In FY24, the maker of Good Day and Milk Bikis biscuits reported a 4% increase in sales volumes. The company has seen a softening of prices of palm, laminates, and corrugates—overall commodity costs remained soft in the March quarter. However, the company warned of a slight inflationary pressure on wheat and sugar.

“Our outlook on this year is not deflationary, our outlook on this year is slightly inflationary, which is a healthy inflation of 3% or thereabouts. The crop seems to be fine as far as wheat is concerned. The government holding has been reasonably low.

So, there is going to be government buying because of their programs. I would think that the wheat outlook is slightly inflationary during the year…Similarly sugar has not been a great crop—it’s not bad, but it's not as good as last year’s crop. So sugar will be slightly inflationary.

We are making sure that we take whatever interventions that are required to get to our planned numbers as far as commodity is concerned," Berry said. The company expects commodity inflation to hover at 3% to 4% post-elections in FY25. On Friday, it said it will stay vigilant on commodity prices and the evolving geopolitical landscape.

The company’s comments follow several other large packaged goods makers that are now chasing volume growth after two years of price-led growth. A high inflationary environment had prompted companies to hike prices across the board, resulting in consumers cutting down on purchases of daily goods as well as switching to cheaper competing brands. However, the trend may now be reversing.