The company’s board has also recommended a final dividend of Rs 90.5 per share.
Revenue from operations increased 6% YoY to Rs 4,719 crore.
The Business witnessed a steady start to the quarter, with growth of 9% in the first two months, before moderating to a lower number in March, primarily on account of supply disruptions in the International Business following the West Asia conflict.
Over the year, the company said it made significant strides in scaling its presence in the rapidly growing e-commerce channel, now contributing 6% to the domestic business, driven by e-commerce-first launches and a premium mix of offerings.
Adjacent categories, including Croissant and Wafers, continued their strong momentum, while flagship brands such as Little Hearts and Jim Jam recorded robust double-digit growth. Recent innovations, including 50-50 Dipped and ‘Doodh’ Marie Gold, have been well received and are gaining strong consumer traction
“As we step into the new financial year, we have already initiated steps to mitigate any potential implication on the business, including input cost inflation, arising out of the ongoing conflict, and remain watchful of the evolving developments,” said Rakshit Hargave, MD and CEO.
Going forward, the company said will continue to focus on driving growth across core and adjacent categories through a robust pipeline of innovations, agile execution and higher investment in advertising and brands.