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India
As of 18 Sept 2026, 03:30 pm
Between March 2019 and March 2020, Britannia's total assets increased from ₹6,238 crore to ₹7,830 crore. This growth was accompanied by an increase in total liabilities from ₹6,238 crore to ₹7,830 crore. Notably, borrowings rose significantly from ₹156 crore to ₹1,538 crore, while investments grew from ₹1,476 crore to ₹2,893 crore. Equity capital remained stable at ₹24 crore, and reserves increased from ₹4,229 crore to ₹4,379 crore.
In the fiscal year ending March 2020, Britannia's cash flow from operating activities was ₹1,485 crore, an increase from ₹1,156 crore in March 2019. Free cash flow also improved, rising to ₹1,241 crore in March 2020 from ₹756 crore in March 2019. Cash from financing activities shifted from a outflow of ₹353 crore in March 2019 to an inflow of ₹58 crore in March 2020. Cash used in investing activities increased to ₹1,526 crore in March 2020 from ₹852 crore in March 2019.
As of September 18, 2026, Britannia Industries is trading below its key moving averages, with the daily Supertrend indicator showing a bearish direction at ₹5,262.51. The daily 20-day Exponential Moving Average (EMA) is at ₹5,131.26 and the 50-day EMA is at ₹5,263.53. The stock has experienced a year-to-date return of -17% and a 1-year return of -18%. Nearest support levels are identified around ₹4,962.67 and resistance levels are near ₹5,001.33.
Britannia Industries announced changes in its leadership. Mr. Susheel Navanale retired as Chief Information Officer effective September 30, 2026. The company appointed Mr. Rejin Surendran as the new Chief Digital and Information Officer, effective September 1, 2026, with him assuming the full role on October 1, 2026. Mr. Surendran brings over 24 years of experience in digital transformation.
The Bombay High Court quashed criminal proceedings against Britannia Dairy Private Limited concerning allegations of unsafe Britannia Cheese Cubes, stating the company was denied statutory rights. Separately, news reports mentioned Kotak Securities' expert being bullish on Britannia among other stocks for the short term, and FMCG shares, including Britannia, rallied as market indices recovered.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹4,999.97 crore | ₹4,718.92 crore | ₹4,969.82 crore | ₹4,840.63 crore | ₹4,622.22 crore |
| Finance Costs | ₹22.87 crore | ₹18.68 crore | ₹33.25 crore | PEAK₹34.68 crore | ₹26.15 crore |
| Other Expenses | PEAK₹1,025.31 crore | ₹948.86 crore | ₹955.28 crore | ₹882.13 crore | ₹864.21 crore |
| Profit Before Tax | ₹799.14 crore | ₹804.41 crore | PEAK₹921.69 crore | ₹886.90 crore | ₹705.87 crore |
| Tax Expense | ₹203.97 crore | ₹105.43 crore | PEAK₹236.89 crore | ₹228.56 crore | ₹180.89 crore |
| Profit Loss For Period | ₹593.38 crore | ₹679.68 crore | PEAK₹682.14 crore | ₹655.06 crore | ₹520.13 crore |
Basic and diluted earnings per share were ₹24.55. This represents a sequential decline of 12.82% from ₹28.16 in Q4 FY2025‑26 and a year‑on‑year increase of 13.55% from ₹21.62 in Q1 FY2025‑26. The percentage movements closely track the changes in net profit, indicating a stable share count across the reporting periods.
Britannia Industries’ revenue grew both year‑on‑year and sequentially during the quarter, and full‑year net profit expanded 14%, well ahead of the 8% top‑line gain. However, the quarter’s sequential earnings were dented by a near‑doubling of tax expense, which—together with an 8% rise in other expenses—more than offset the 6% sequential revenue increase.
Exchange disclosures and regulatory announcements for Britannia Industries.
On September 18, 2026, Britannia Industries Limited disclosed that Niche Ninety Nine Capability and Certifications (OPC) Private Limited assigned the company an ESG Rating of '69.03' in the 'Leader' category. The rating covers the assessment periods for fiscal years 2024-25 and 2025-26 based on publicly available information. The company became aware of this disclosure on September 17, 2026, at 6:49 P.M. IST.
Britannia Industries Limited cancelled its scheduled participation in the Jefferies 5th India Forum Group Meeting on September 17, 2026, at 10:00 A.M. IST in Gurgaon due to unavoidable circumstances. The company had previously disclosed this meeting schedule in a letter dated September 10, 2026. This cancellation announcement was issued on September 17, 2026.
Britannia Industries Limited announced that its management will not participate in the Jefferies 5th India Forum (Group Meeting) scheduled for 17th September 2026 at 10:00 A.M. IST in Gurgaon due to unavoidable circumstances.
Britannia Industries Limited reported the cessation of Mr. Susheel Navanale from the position of Chief Information Officer due to superannuation or retirement, effective September 30, 2026. Concurrently, the company appointed Mr. Rejin Surendran as the new Chief Digital and Information Officer with an effective date of September 1, 2026. The filing discloses that Mr. Surendran brings over 24 years of experience in digital transformation, having previously served as Global CIO at Wipro Enterprises.
Mr. Susheel Navanale, Chief Information Officer of Britannia Industries Limited, will retire effective close of business on 30th September, 2026. The Board of Directors, on 31st August, 2026, approved the appointment of Mr. Rejin Surendran as Chief Digital and Information Officer (Designate) effective 1st September, 2026, with him assuming the full role on 1st October, 2026.
Britannia Industries Limited rescheduled its one-to-one meeting with Motilal Oswal Financial Services Limited from Tuesday, August 25, 2026, to Thursday, August 27, 2026. The revised meeting is set for 2:00 P.M. IST and will be conducted in-person at Mumbai, replacing the previously scheduled Bengaluru session. This update was disclosed via a regulatory filing on August 21, 2026, under SEBI Listing Regulations.
Recent market and company developments associated with Britannia Industries.
The Bombay High Court has quashed criminal proceedings against Britannia Dairy over allegedly unsafe cheese, holding that the company was denied statutory safeguards. Notice was issued after the product’s shelf life had expired, preventing referral testing, while the Food Analyst’s report was not supplied to the company.
The Bombay High Court has quashed criminal proceedings against Britannia Dairy Private Limited over allegations concerning unsafe Britannia Cheese Cubes, holding that the company was denied statutory...
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Food and beverage makers are proactively reducing sugar, salt, and fats in their products. This reformulation effort is happening well before the government's final labelling verdict. Companies are accelerating these changes, fearing negative sales impacts from proposed warning labels. Multinational corporations are also reducing ingredients ahead of global headquarters' mandates. This strategic shift aims to comply with upcoming regulations and consumer expectations.
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Comprehensive Section Breakdown for Britannia Industries
Strategic Vision: Indian food products company specializing in bakery and dairy.
• Legacy spanning over a century in the food products industry.
• Association with the diversified Indian conglomerate, Wadia Group.
• Extensive product portfolio across bakery, dairy, and snacking categories.
• Global operational reach in over 80 countries.
Britannia Industries Limited reported revenue from operations of ₹4,999.97 crore for the quarter ended 30 June 2026, an increase of 8.17% compared with the same period last year. While the top line continued to expand, net profit fell 12.7% sequentially to ₹593.38 crore. The sequential decline was driven primarily by a near-doubling of tax expense and, to a lesser extent, by higher other operating costs. Over the full twelve-month comparison, however, net profit grew 14.08%—faster than revenue.
Revenue from operations reached ₹4,999.97 crore in the June 2026 quarter. This was ₹281.05 crore (5.96%) higher than the ₹4,718.92 crore recorded in the immediately preceding quarter (Q4 FY2025‑26) and ₹377.75 crore (8.17%) above the ₹4,622.22 crore of the year‑ago quarter (Q1 FY2025‑26).
In the prior fiscal year, revenue rose through each of the first three quarters before dipping in Q4 FY2025‑26; the current quarter reversed that dip and returned to sequential growth.
Profit before tax was relatively stable sequentially, declining by a marginal 0.66% from ₹804.41 crore to ₹799.14 crore. Net profit (profit loss for the period), however, fell 12.70%—from ₹679.68 crore in Q4 FY2025‑26 to ₹593.38 crore in Q1 FY2026‑27.
The divergence between stable pre‑tax earnings and the sharp fall in net profit is explained by the movement in tax expense. Tax expense more than doubled sequentially, rising ₹98.54 crore (93.46%) from ₹105.43 crore to ₹203.97 crore. As a result, the effective tax rate (tax expense divided by profit before tax) jumped to 25.5% from 13.1% in the prior quarter.
Year‑on‑year, tax expense increased by a more moderate 12.76%, and net profit grew 14.08%, outpacing the 8.17% revenue growth over the same period.
Other expenses rose 8.06% sequentially to ₹1,025.31 crore (from ₹948.86 crore) and were 18.64% higher than the ₹864.21 crore of Q1 FY2025‑26. Employee benefit expense for the quarter stood at ₹209.60 crore.
Finance costs showed a sequential increase of 22.43%, moving from ₹18.68 crore to ₹22.87 crore, but were 12.54% lower than the ₹26.15 crore reported in the year‑ago quarter. The sequential rise in finance costs contributed to the slight dip in profit before tax.
In the June 2026 quarter, Britannia reported consolidated sales growth of 9.5% and net profit growth of 14.1%, with profits growing ahead of topline. Management noted the impact of the West Asia conflict on fuel and shipping costs, but navigated well to deliver healthy volume and value growth and gain market share. Key growth drivers included rapid scaling in e-commerce, robust General Trade, and higher advertisement and promotion spends. Innovation remained a core growth engine, with impulse offerings like the Dubai Kunafa Croissant and localized campaigns such as Milk Bikis Thirukkural strengthening regional engagement.
International business recovered sequentially as supply chain constraints started normalizing. Management expects a healthy sustainable revenue growth trajectory supported by an improving domestic demand environment, sharp innovation, strong brand investments, and disciplined margin management through accelerated cost efficiency initiatives. They continue to monitor the evolving geopolitical situation and crude oil volatility for potential impact on international operations and domestic input costs.
Category: Consumer Tech
This segment includes a variety of bakery items such as biscuits, cakes, rusks, and breads.
Key Products & Services: Marie Gold • Nutrichoice • Milk Bikis • Tiger Crunch Chocochips
Category: Consumer Tech
The company offers a range of dairy products.
Category: Consumer Tech
This segment covers various snacking items and nutritious bars.
Core Thesis: The company leverages its extensive product portfolio and broad distribution network to reach consumers globally across bakery, dairy, and snacking categories.
• Product Portfolio Diversification: Britannia Industries offers a wide range of products including biscuits, dairy products, snacking items, cakes, rusks, breads, and nutritious bars. • Global Distribution Network: The company's operations extend globally, spanning over 80 countries, supported by a broad distribution network. • Research and Development: The company engages in initiatives focused on research and development to innovate its product offerings. • Community Welfare and Sustainability: Initiatives include the Britannia Nutrition Foundation, empowering women entrepreneurs through 'HERSTORE,' and addressing plastic pollution with 'HAR POCKET AB DUSTBIN'.