Biscuit maker Britannia posted its second-quarter results on Monday after markets closed. The numbers fell behind Dalal Street’s estimates.

What Happened: The Jim Jam maker’s consolidated net profit fell 9.6% to ₹531.45 crore in the July to September period compared to ₹587.59 crore posted in the same period last year. In the June quarter, the company had posted a net profit of ₹505.64 crore.

The company, famous for brands like Good Day and Marie Gold, reported an operational revenue of ₹4,667.57 crore, marking a 5.3% rise from ₹4,432.88 crore posted in the second quarter of FY24. The firm’s total income came in at ₹4,713.57 crore.

The figures were below the analysts’ estimates who had expected a profit of ₹621.65 crore and a total revenue of ₹4,766.2 crore.

See Also: Why This Brokerage Upgraded NHPC’s Rating After Q2 Results

The company is among the last to report its Q2 results among its fast-moving consumer goods peers. Most FMCG results disappointed investors in the quarter.

Industry leader Nestle India‘s net profit declined 1% to ₹899.5 crore with revenue seeing a marginal jump of 1.3% to ₹5,104 crore. Hindustan Unilever also missed analysts’ estimates with its standalone net profit falling 3.9% year on year to ₹2,612 crore in the September quarter.

Among the outliers was Marico which posted a 20% jump in its net profit to ₹423 crore. Revenue from operations showed an improvement of 7.6% to ₹2,664 crore. While the revenue figures were slightly below analysts’ expectations, the profit numbers surpassed their estimates.

Price Action: Shares of Britannia ended 5.95% lower at ₹5,404.95 on Monday.

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