Question

***Basic company facts: Name of the firm: Britannia Category of the firm: FMCG State of incorporation: Kolkata, West Bengal, India. Year of foundation: 1918 Primary & secondary SIC codes: N/A Independent auditor: BSR & Co Shares listed in: Bangalore stock exchange, national stock exchange, OTCEI, madras stock exchange, Delhi stock exchange, MCX stock exchange etc. Stock ticker symbol: BRITANNIA

1.)

Summarize your firm’s margins that you computed in No. 6 for each of the last three years.

Margins	Most Recent Year	Next Most Recent Year	Second Most Recent Year
Gross profit margin % (gross margin/sales revenue
Operating profit margin % (Operating income/sales revenue
Net profit margin % Net income/sales revenue

Answer 1

Source of the data: "Britannia Industries Ltd." retrieved from https://economictimes.indiatimes.com/britannia-industries-ltd/profitandlose/companyid-13934.cms on February 3, 2019

Please see the table below:

The column linkage will help you understand how each of the figures in the cell had been calculated.

Select data from P&L Statement	Linkage	Most Recent Year	Next Most Recent Year	Second Most Recent Year
All financials below in Rs. Cr		Mar'18	Mar'17	Mar'16
Net Sales	S	9,304.06	8,414.37	7,947.90
[-] Manufacturing Expenses		94.98	75.04	57.06
[-] Material Consumed		5,792.31	5,213.99	4,635.98
[-] Personal Expenses		294.87	241.68	209.21
Gross profit	GP	3,121.90	2,883.66	3,045.65
[-] Selling Expenses		345.43	322.07	384.25
[-] Administrative Expenses		1,365.99	1,357.44	1,529.58
[-] Depreciation		119.76	96.43	86.89
EBIT (Operating Income)	EBIT	1,290.72	1,107.72	1,044.93
Profit and Loss for the Year	NI	947.89	843.69	759.42
Gross profit margin % (gross margin/sales revenue	GP / S	33.55%	34.27%	38.32%
Operating profit margin % (Operating income/sales revenue	EBIT / S	13.87%	13.16%	13.15%
Net profit margin % Net income/sales revenue	NI / S	10.19%	10.03%	9.55%