FMCG major Britannia Industries Ltd. will be exiting this fiscal year with a 4-4.5% price hike, the company announced during its post-earnings conference call with investors.

The company said that the total price increase in Q3 was 2%, with a further 4-4.5% hike expected by FY25-end.

Britannia Industries aims for a total price increase of 6-6.5% in FY25, driven by 2-2.5% cost efficiencies.

The EBITDA margin is expected to remain in the current range of 17-18%.

Britannia’s third-quarter profit beat estimates, as price hikes helped it counter the impact of a rise in commodity prices.

The company, which sells ‘Jim Jam’ and ‘NutriChoice’ biscuits, reported a 5% increase in consolidated net profit to Rs 582 crore for the three months ended December 31.

Analysts, on average, had expected a profit of Rs 521 crore, according to estimates compiled by LSEG.

Consumer staple companies such as Britannia, Hindustan Unilever, and Nestle India, have had to contend with inflation in key commodities such as palm oil, cocoa and sugar.

As a result, the companies raised prices modestly to maintain margins.

Its revenue for the quarter rose 8% to ₹4,593 crore.

Overall expenses rose 9% to ₹3,875 crore.

Shares of Britannia Industries Ltd. settled 1.70% lower on Friday at ₹4,872.