New Delhi, May 13 -- Britannia Industries Ltd's consolidated revenue growth of 9% year-on-year in the March quarter (Q4FY25) to Rs.4,432 crore was primarily led by higher price realisation, given that volume growth was tepid at about 3%.

The biscuit maker did not see any additional volume boost from the Mahakumbh mela in the quarter. It's worth noting that Britannia's volume growth rate has been decelerating. The measure was 8% in the first two quarters of FY25 and then slipped to 6% in Q3FY25.

Raw material hit

Q4FY25 gross margin contracted sharply by 480 basis points (bps) on-year to 40.1% due to a steep rise in raw material prices. Sequential trends indicate that the raw material pricing pressure has not eased. Wheat flour, forming ...