The Britannia Industries’ stock leapt 7.83 per cent at 12 noon on the Bombay Stock Exchange on Monday after the FMCG company forecast an improvement in the rate of topline growth in 2024-25 amid “manageable” input cost inflation.

The company’s scrip ended at ₹5,061.60, up 6.67 per cent over the previous close on the BSE.

“Post election and monsoon, we would be aiming for a double-digit volume growth,” Britannia Industries managing director and vice-chairman Varun Berry told analysts at an earnings call on Monday.

He said the company’s market share has rebounded as a result of strategic pricing actions and intensified investments in brands, supported by distribution expansion.

“We are going to make it a mission to make sure that we get the topline to grow much faster this year,” Berry said.

Net sales of Britannia in 2023-24 was ₹16,546 crore, a 4 per cent year-on-year growth.

Profit after tax (owner’s share) for the year was ₹2,140 crore, which was down 8 per cent year-on-year as there was an exceptional profit in 2022-23 on account of the sale of a 49 per cent stake in Britannia Dairy Private Limited.

The company has seen a softer quarter in terms of commodity prices in the fourth quarter of 2023-24 despite an increase in the price of flour and sugar.

For 2024-25, commodity prices could be marginally inflationary (around 3 per cent) but Berry said that this would be manageable.

“We are closely monitoring the commodity situation and assessing the actions that we need to take as we go forward,” Berry said.

A key concern among FMCG players has been the subdued private final consumption expenditure despite the increase in GDP, which is primarily led by gross fixed capital formation.

However, Berry said that he was optimistic that with a stable inflation and good monsoon this year, there could be a recovery in consumption during the year.

The company’s board has recommended a final dividend of ₹73.5 for FY24 on a face value of ₹1 per share.