# BRITANNIA (BRITANNIA) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/britannia

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹5,000
- Change: +0.36%
- As of: 2026-09-18
- 1D return: +0.32%
- 5D return: -0.22%
- 1M return: -9.91%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, Britannia's stock is trading at ₹4998.0, indicating a bearish technical stance across daily, weekly, and monthly timeframes. The daily trend shows a strong bearish signal with the price below key moving averages like the 20-day EMA (₹5131.26) and 50-day EMA (₹5263.53), and the Supertrend indicator is also bearish. This is consistent with the weekly and monthly views, where the price is also below its respective moving averages and Supertrend indicators, suggesting a lack of upward momentum across all analyzed periods.

Recent market activity shows a mix of events over the last 30 days, with one downside event, one neutral event, and one positive attention event. The stock is currently positioned near the lower end of its recent trading range, with the nearest support identified at ₹4962.67 (71 basis points below the current price) and resistance at ₹5001.33 (7 basis points above the current price). The annualized volatility stands at 20%, with a current drawdown of -21% and a maximum drawdown of -21%, highlighting the risk associated with the current setup.

Key patterns observed on the weekly timeframe include a Doji and a Harami, while a Bullish Engulfing Reversal pattern is active on the daily timeframe. These patterns, particularly the daily bullish reversal, suggest potential for short-term price fluctuations within the broader bearish trend. Investors should monitor the price action around the ₹5001.33 resistance level and the ₹4962.67 support level for potential shifts in momentum.

- Britannia's stock closed at ₹4998.0 on September 18, 2026, with bearish technical indicators across daily, weekly, and monthly timeframes.
- The price is trading below key moving averages (20-day EMA ₹5131.26, 50-day EMA ₹5263.53) and the daily Supertrend indicator (₹5262.51).
- Nearest support is at ₹4962.67, approximately 0.71% below the current price, while nearest resistance is at ₹5001.33, approximately 0.07% above.
- Annualized volatility is 20%, with a current drawdown of -21%.
- Watch for a break above ₹5001.33 resistance or a fall below ₹4962.67 support for potential trend confirmation.

- Doji
- Harami
- Bullish Engulfing Reversal
- Shooting Star
- Outside Bar

### News Context

On September 18, 2026, Britannia Dairy Private Limited received a significant legal reprieve as the Bombay High Court quashed criminal proceedings related to allegations of unsafe cheese cubes. The court's decision was based on the grounds that the company was denied statutory rights. This development removes a legal overhang for the company's dairy operations.

Separately, on the same day, shares of Bombay Burmah Trading Corporation experienced a notable surge, jumping nearly 10% following a substantial block deal. Over 18 lakh shares were transacted, valued at ₹249 crore. This trading activity pushed the company's market capitalization past ₹10,000 crore. Despite this recent gain, the stock remains 31% below its 52-week high, though its recent quarterly profits showed a year-on-year increase of 17.1%.

In broader market commentary, Kotak Securities' Amol Athawale identified Britannia as one of three stocks to buy for the short term, citing potential gains amidst current market turbulence. This view was shared on September 17, 2026, amidst a general rally in FMCG shares on September 16, 2026, which saw the S&P BSE Sensex and Nifty 50 indices both gain approximately 0.45% and 0.43% respectively, reversing prior losses.

- On September 18, 2026, the Bombay High Court quashed criminal proceedings against Britannia Dairy Private Limited concerning alleged unsafe cheese cubes, citing denial of statutory rights.
- On September 18, 2026, Bombay Burmah Trading Corporation's shares rose nearly 10% after a block deal involving over 18 lakh shares valued at ₹249 crore, pushing its market cap above ₹10,000 crore.
- Despite the recent surge, Bombay Burmah Trading Corporation's stock is still down 31% from its 52-week peak, though its profits grew 17.1% year-on-year recently.
- On September 17, 2026, Kotak Securities' Amol Athawale named Britannia among three stocks recommended for short-term investment.
- FMCG shares rallied on September 16, 2026, contributing to a 0.45% rise in the S&P BSE Sensex and a 0.43% rise in the Nifty 50 index.

- Bombay High Court Quashes Food Safety Case Against Britannia Dairy Over Allegedly Unsafe Cheese Cubes
- Bombay Burmah share price jumps 9.5% after ₹249 crore block deal - check details
- Block deal effect: Bombay Burmah shares zoom 9%, Mcap crosses Rs 10,000 crore
- HDFC Life, Britannia among stocks to buy | Kotak Securities' expert bullish on 3 shares for the short term
- Indices snap 2-day losses; FMCG shares rally

### What Changed

On September 18, 2026, the Bombay High Court quashed criminal proceedings against Britannia Dairy Private Limited concerning allegations of unsafe cheese cubes. This development relates to a legal matter that has now been resolved in favor of the company. Separately, news regarding a block deal in Bombay Burmah Trading Corporation, a different entity, was reported. This deal involved over 18 lakh shares valued at ₹249 crore, causing a nearly 10% jump in its share price. However, this event pertains to Bombay Burmah Trading Corporation and not Britannia Industries directly. Britannia Industries' share price saw a minor increase from ₹4982.0 to ₹4998.0 on the observation date.

- Bombay High Court quashed criminal proceedings against Britannia Dairy Private Limited over unsafe cheese cubes on September 18, 2026.
- Britannia Industries' share price moved from ₹4982.0 to ₹4998.0 on September 18, 2026.
- News reported a ₹249 crore block deal in Bombay Burmah Trading Corporation on September 18, 2026, which is a separate company.

- Bombay High Court Quashes Food Safety Case Against Britannia Dairy Over Allegedly Unsafe Cheese Cubes
- Bombay Burmah share price jumps 9.5% after ₹249 crore block deal - check details
- Block deal effect: Bombay Burmah shares zoom 9%, Mcap crosses Rs 10,000 crore

### Official Filings

Britannia Industries Limited has announced changes in its senior leadership. Mr. Susheel Navanale will retire as Chief Information Officer effective September 30, 2026. Concurrently, Mr. Rejin Surendran has been appointed as the new Chief Digital and Information Officer, effective September 1, 2026, with the full role commencing October 1, 2026. Mr. Surendran brings over 24 years of experience in digital transformation, having previously served as Global CIO at Wipro Enterprises. The company also cancelled its participation in the Jefferies 5th India Forum Group Meeting scheduled for September 17, 2026, citing unavoidable circumstances. Earlier in August, the company rescheduled investor meetings with Motilal Oswal Financial Services Limited and Enam Asset Management Company Private Limited. Additionally, Crisil ESG Ratings & Analytics Limited assigned Britannia Industries a Crisil ESG Rating of 66 ('Strong') and a Crisil Core ESG Rating of 64, based on publicly available information for FY 2025-26.

- Mr. Susheel Navanale, Chief Information Officer, to retire effective September 30, 2026.
- Mr. Rejin Surendran appointed Chief Digital and Information Officer, effective September 1, 2026 (full role from October 1, 2026).
- Britannia Industries cancelled participation in Jefferies 5th India Forum Group Meeting on September 17, 2026.
- Investor meetings with Motilal Oswal Financial Services Limited and Enam Asset Management Company Private Limited were rescheduled in August 2026.
- Crisil ESG Rating assigned as 66 ('Strong') and Crisil Core ESG Rating as 64 for FY 2025-26.

- BRITANNIA INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Update on Analyst/Institutional Investor Meet (Group Meet) scheduled to be held on Thursday,17th September, 2026. |SUBJECT: General Updates
- AS ON DATE : 16-SEP-26
- BRITANNIA INDUSTRIES LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, this is to inform you that Mr. Susheel Navanale, Chief Information Officer of the Company will retire from the services of the Company with effect from close of business hours on 30th September, 2026. In this regard, the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, vide their Circular Resolution passed today i.e. 31st August, 2026, at 10:35 P.M. IST, have approved the appointment of Mr. Rejin Surendran as the Chief Digital and Information Officer (Designate) of the Company with effect from 1st September, 2026. Mr. Rejin shall assume the office of Chief Digital and Information Officer of the Company with effect from 1st October, 2026. |SUBJECT: Change in Management
- Pursuant to Regulation 30 read with Clause 3 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, this is to inform you that Crisil ESG Ratings & Analytics Limited, a SEBI Registered Category - I ESG Rating Provider, has independently assigned Crisil ESG Rating of 66 under the category Strong and Crisil Core ESG Rating of 64 to the Company vide its Report dated 26th August, 2026, on the basis of publicly available information disclosed by the Company pertaining to FY 2025-26. |SUBJECT: General Updates
- With reference to the subject cited above and our letter dated 11th August, 2026 regarding the Schedule of Analysts/Institutional Investors Meets, this is to inform you that the one-to-one Meeting with Motilal Oswal Financial Services Limited, which was scheduled to be held on Tuesday, 25th August, 2026 at 12:15 P.M. IST at Bengaluru, has been rescheduled to Thursday, 27th August, 2026 at 2:00 P.M. IST at Mumbai. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- BRITANNIA INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- With reference to the subject cited above and our letter dated 11th August, 2026 regarding the Schedule of Analysts/Institutional Investors Meets, this is to inform you that the one-to-one Meeting with Enam Asset Management Company Private Limited, which was scheduled to be held on Monday, 17th August, 2026 at 12:00 P.M. IST through Video Conference, has been rescheduled at 1:00 P.M. IST. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- BRITANNIA INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Fundamentals

Britannia Industries reported a mixed financial performance across recent periods. For the quarter ending September 2025, Revenue from Operations stood at ₹4,841 crore, with a reported Profit Before Tax of ₹884 crore and a Net Profit of ₹655 crore. The Operating Profit Margin (OPM) for this period was 20.0%. Looking at the full fiscal year data, for the year ending March 2026, projected Sales are ₹19,152 crore, with an anticipated Operating Profit of ₹3,514 crore and a Net Profit of ₹2,537 crore. The projected OPM for FY2026 is 18.0%.

Examining the balance sheet, total assets were ₹9,730 crore as of March 2026, with total liabilities at ₹9,730 crore. Borrowings have seen a significant reduction, decreasing from ₹2,997 crore in March 2024 to a projected ₹1,380 crore by March 2026. Investments have increased from ₹2,767 crore in March 2024 to a projected ₹3,610 crore by March 2026. Reserves have shown consistent growth, projected to reach ₹5,082 crore by March 2026 from ₹3,917 crore in March 2024.

Cash flow from operations has remained robust, with ₹2,612 crore projected for March 2026, contributing to a projected Free Cash Flow of ₹2,408 crore for the same period. The company has consistently generated positive cash flow from operations over the years. Key monitoring areas include the trend in Operating Profit Margins, the management of borrowings, and the deployment of investments.

- For the quarter ending September 2025, Britannia Industries reported Revenue from Operations of ₹4,841 crore, with a Net Profit of ₹655 crore and an Operating Profit Margin of 20.0%.
- Projected full-year results for March 2026 indicate Sales of ₹19,152 crore, Operating Profit of ₹3,514 crore, and Net Profit of ₹2,537 crore, with a projected OPM of 18.0%.
- Borrowings have decreased significantly, from ₹2,997 crore in March 2024 to a projected ₹1,380 crore by March 2026.
- Investments are projected to increase from ₹2,767 crore in March 2024 to ₹3,610 crore by March 2026.
- Projected Free Cash Flow for March 2026 is ₹2,408 crore, supported by a projected Cash from Operations of ₹2,612 crore.

### Bull Case

Britannia Industries has demonstrated growth in key financial areas. The company's cash flow from operating activities increased to ₹1,485.0 crore in March 2020 from ₹1,156.0 crore in March 2019. This improvement is also reflected in its free cash flow, which rose to ₹1,241.0 crore in March 2020, up from ₹756.0 crore in the prior year. Furthermore, the company has shown growth in its reserves, increasing from ₹4,229 crore in March 2019 to ₹4,379 crore in March 2020. Profit growth over the last five years has been compounded at 6%, with a TTM (Trailing Twelve Months) growth of 19%. Sales have also seen compounded growth of 8% over five years and 7% on a TTM basis.

- Cash flow from operating activities increased to ₹1,485.0 crore in March 2020 from ₹1,156.0 crore in March 2019.
- Free cash flow grew to ₹1,241.0 crore in March 2020, compared to ₹756.0 crore in March 2019.
- Reserves increased from ₹4,229 crore in March 2019 to ₹4,379 crore in March 2020.
- Compounded profit growth over 5 years was 6%, with TTM profit growth at 19%.
- Compounded sales growth over 5 years was 8%, with TTM sales growth at 7%.

- Bombay High Court Quashes Food Safety Case Against Britannia Dairy Over Allegedly Unsafe Cheese Cubes
- Bombay Burmah share price jumps 9.5% after ₹249 crore block deal - check details
- Block deal effect: Bombay Burmah shares zoom 9%, Mcap crosses Rs 10,000 crore
- HDFC Life, Britannia among stocks to buy | Kotak Securities' expert bullish on 3 shares for the short term
- Indices snap 2-day losses; FMCG shares rally

### Bear Case

Britannia Industries' balance sheet shows a significant increase in borrowings, rising from ₹156 crore in March 2019 to ₹1538 crore in March 2020. This substantial debt increase, coupled with a notable rise in investments from ₹1476 crore to ₹2893 crore over the same period, indicates a shift in the company's financial structure. While total assets grew, driven partly by fixed assets and other assets, the increased liabilities, including borrowings, warrant attention. Furthermore, the company's cash flow from investing activities more than doubled, from ₹852 crore to ₹1526 crore, between March 2019 and March 2020, suggesting increased capital expenditure or investment activity, which was financed partly by a significant increase in cash from financing activities in March 2020.

- Borrowings increased from ₹156 crore in March 2019 to ₹1538 crore in March 2020.
- Investments grew from ₹1476 crore in March 2019 to ₹2893 crore in March 2020.
- Cash from investing activities rose from ₹852 crore in March 2019 to ₹1526 crore in March 2020.
- Cash from financing activities was ₹58 crore in March 2020, compared to a outflow of ₹353 crore in March 2019.

- Bombay High Court Quashes Food Safety Case Against Britannia Dairy Over Allegedly Unsafe Cheese Cubes
- Bombay Burmah share price jumps 9.5% after ₹249 crore block deal - check details
- Block deal effect: Bombay Burmah shares zoom 9%, Mcap crosses Rs 10,000 crore
- HDFC Life, Britannia among stocks to buy | Kotak Securities' expert bullish on 3 shares for the short term
- Indices snap 2-day losses; FMCG shares rally

### FAQs

**How has Britannia's financial position changed between March 2019 and March 2020?**

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.

**What were the key cash flow movements for Britannia in the fiscal years ending March 2019 and March 2020?**

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.

**What is the recent technical trend and price action for Britannia Industries on the NSE?**

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.

**What recent corporate governance or management changes have been announced by Britannia Industries?**

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.

**Have there been any significant legal or news events impacting Britannia Industries recently?**

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.

- Bombay High Court Quashes Food Safety Case Against Britannia Dairy Over Allegedly Unsafe Cheese Cubes
- Bombay Burmah share price jumps 9.5% after ₹249 crore block deal - check details
- Block deal effect: Bombay Burmah shares zoom 9%, Mcap crosses Rs 10,000 crore
- HDFC Life, Britannia among stocks to buy | Kotak Securities' expert bullish on 3 shares for the short term
- Indices snap 2-day losses; FMCG shares rally
- BRITANNIA INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Update on Analyst/Institutional Investor Meet (Group Meet) scheduled to be held on Thursday,17th September, 2026. |SUBJECT: General Updates
- AS ON DATE : 16-SEP-26
- BRITANNIA INDUSTRIES LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, this is to inform you that Mr. Susheel Navanale, Chief Information Officer of the Company will retire from the services of the Company with effect from close of business hours on 30th September, 2026. In this regard, the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, vide their Circular Resolution passed today i.e. 31st August, 2026, at 10:35 P.M. IST, have approved the appointment of Mr. Rejin Surendran as the Chief Digital and Information Officer (Designate) of the Company with effect from 1st September, 2026. Mr. Rejin shall assume the office of Chief Digital and Information Officer of the Company with effect from 1st October, 2026. |SUBJECT: Change in Management
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹5,001.33
- Risk regime: Price Risk Requires Attention

### Support levels
- 4845.0625
- 4751.625
- 4602.525

### Resistance levels
- 5045.1875
- 5344.649865722657
- 5568.490234375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.32% |
| return_10 | -2.57% |
| return_1m | -9.04% |
| return_1y | -18.07% |
| return_20 | -9.91% |
| return_3m | -4.71% |
| return_5 | -0.22% |
| return_6m | -15.07% |
| return_since_start | +4.24% |
| return_ytd | -16.83% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -21.47% |
| annualized_volatility | +19.77% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Grows 8% Year-over-Year, but Net Profit Drops 12.7% Sequentially as Tax Expense Nearly Doubles

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 Performance
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.

## Profitability: Tax Expense Weighs on Sequential Earnings
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 Operating Costs and Finance Charges
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.

## Earnings Per Share
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.

## Management Commentary

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.

## Key Takeaway
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.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_18092026183221_Intimation_signed.pdf)
- 2026-09-17 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_761_WebXMLFile_20260917_192622427.xml)
- 2026-09-16 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_16092026194945_Intimation_signed.pdf)
- 2026-09-15 — Annual Report: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_32044_BRITANNIA_2025_2026_A_8821120_16092026190351.pdf)
- 2026-09-01 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_761_WebXMLFile_20260901_204829332.xml)
- 2026-08-31 — Management Change: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_31082026230854_Intimation_signed.pdf)
- 2026-08-27 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_27082026201251_Intimation_Signed.pdf)
- 2026-08-21 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_21082026151006_Intimation_Signed.pdf)
- 2026-08-21 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_761_WebXMLFile_20260821_151719434.xml)
- 2026-08-14 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_14082026140235_Intimation_signed.pdf)
- 2026-08-14 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_761_WebXMLFile_20260814_163752844.xml)
- 2026-08-12 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_12082026192150_Intimation_Signed.pdf)
- 2026-08-12 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_761_WebXMLFile_20260812_192540156.xml)
- 2026-08-11 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_761_WebXMLFile_20260811_194244702.xml)
- 2026-08-11 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_11082026181424_Intimation_Signed.pdf)
- 2026-08-07 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_07082026143217_Intimation_signed.pdf)
- 2026-08-07 — Earnings Presentation: Britannia Industries Limited presented its investor conference call presentation for the quarter ended June 30, 2026, on August 7, 2026. The company reported consolidated revenue from operations of Rs 4,964 crore, a 9.5% increase year-over-year. Profit after tax for the quarter was Rs 591 crore, up 13.6% compared to the same period last year. The presentation highlighted growth across various channels, strategic priorities including innovation and cost efficiencies, and input cost trends. — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_07082026071136_Intimation_signed.pdf)
- 2026-08-07 — Management Change: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_07082026235144_Final_Intimation_Signed.pdf)
- 2026-08-07 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_07082026193815_Intimation_Signed.pdf)
- 2026-08-07 — Management Change: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_761_WebXMLFile_20260807_105411608.xml)
- 2026-08-07 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_761_WebXMLFile_20260807_195824711.xml)
- 2026-08-07 — Management Change: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_07082026233813_Stock_Exchange_Intimation.pdf)
- 2026-08-06 — Management Change: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_761_WebXMLFile_20260807_001445834.xml)
- 2026-08-06 — Generic Announcement: Britannia Industries Limited appointed Mr. Sonny Iqbal as an Additional Non-Executive Independent Director, effective August 8, 2026, following a recommendation from the Nomination and Remuneration Committee. His appointment is proposed for a five-year term from August 8, 2026, to August 7, 2031, subject to shareholder approval via postal ballot. Mr. Iqbal is not related to any existing directors and has extensive experience in leadership development and advisory roles. — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06082026194610_Intimation_Signed.pdf)
- 2026-08-06 — Press Release: For the quarter ended June 30, 2026, Britannia reported consolidated sales of Rs 4,964 Crores, a 9.5% increase, and net profit of Rs 593 Crores, a 14.1% increase compared to the prior year. Standalone sales grew 10.0% year-over-year. The company navigated increased costs from the West Asia conflict, achieving double-digit profit growth ahead of topline, driven by e-commerce and General Trade momentum, supported by advertising and promotional spending. — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06082026190750_SE_Intimation_-_Press_Release_Britannia.pdf)

## News and market events

- 2026-09-18 — FREEPRESSJOURNAL.IN: **Bombay HC Quashes Case Against Britannia Dairy Over Unsafe Cheese, Cites Violation Of Food Safety Safeguards** — 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. — [Source](https://www.freepressjournal.in/mumbai/bombay-hc-quashes-case-against-britannia-dairy-over-unsafe-cheese-cites-violation-of-food-safety-safeguards)
- 2026-09-18 — LIVELAW.IN: **Bombay High Court Quashes Food Safety Case Against Britannia Dairy Over Allegedly Unsafe Cheese Cubes** — 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... — [Source](https://www.livelaw.in/high-court/bombay-high-court/food-safety-case-britannia-dairy-550649)
- 2026-09-18 — Mint: **Bombay Burmah share price jumps 9.5% after  ₹249 crore block deal - check details** — Bombay Burmah Trading Corporation's shares surged nearly 10% following a large block transaction of over 18 lakh shares valued at  ₹249 crore. Despite the rise, the stock is still down 31% from its 52-week peak with recent quarterly profits rising 17.1% year-on-year. — [Source](https://www.livemint.com/market/stock-market-news/bombay-burmah-share-price-jumps-9-5-after-rs-249-crore-block-deal-check-details-11789712754351.html)
- 2026-09-18 — BUSINESSTODAY: **Block deal effect: Bombay Burmah shares zoom 9%, Mcap crosses Rs 10,000 crore** — Bombay Burmah Block deal, Bombay Burmah Block deal effect, Bombay Burmah shares, Bombay Burmah stock price rises, Bombay Burmah  market cap — [Source](https://www.businesstoday.in/markets/stocks/story/block-deal-effect-bombay-burmah-shares-zoom-mcap-crosses-rs-10000-crore-556345-2026-09-18)
- 2026-09-17 — Mint: **HDFC Life, Britannia among stocks to buy | Kotak Securities' expert bullish on 3 shares for the short term** — As the Indian stock market displays signs of recovery, Kotak Securities' Amol Athawale identifies three top picks for short-term investments. Discover how these stocks are poised for potential gains despite current market turbulence. — [Source](https://www.livemint.com/market/stock-market-news/hdfc-life-britannia-among-stocks-to-buy-kotak-securities-expert-bullish-on-3-shares-for-the-short-term-11789613690408.html)
- 2026-09-16 — BUSINESS: **Indices snap 2-day losses; FMCG shares rally** — As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 332.63 points or 0.45% to 74,336.45. The Nifty 50 index added 99 points or 0.43% to 23,217.60. In the past two consecutive trading sessions the Sensex and Nifty declined 1.20% and 1.53%, respectively. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-snap-2-day-losses-fmcg-shares-rally-126091600763_1.html)
- 2026-09-14 — Economic Times: **Food and beverage cos rush to revise recipes ahead of warning labels** — 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. — [Source](https://economictimes.indiatimes.com/industry/cons-products/food/food-and-beverage-cos-rush-to-revise-recipes-ahead-of-warning-labels/articleshow/134221209.cms)
- 2026-09-11 — BUSINESSTODAY: **Consumer stocks: Systematix stays cautious on ITC shares; prefers Marico, Bikaji Foods, Dodla Dairy** — ITC, ITC shares, Systematix Institutional Equities, consumer stocks, consumer staples, cigarette volumes, cigarette demand, Marico, Bikaji Foods International, Dodla Dairy, Dabur India, Godrej Consumer Products, Hindustan Foods, Patanjali Foods, Britannia Industries, CCL Products, Colgate-Palmolive India, Hindustan Unilever, Nestle India, Prataap Snacks, Tata Consumer Products, ITC target price, Marico target price, Bikaji Foods target price, Dodla Dairy target price — [Source](https://www.businesstoday.in/markets/stocks/story/consumer-stocks-systematix-stays-cautious-on-itc-shares-prefers-marico-bikaji-foods-dodla-dairy-554875-2026-09-11)
- 2026-09-03 — Mint: **High conviction picks: Up to 44% upside - 5 large caps, 9 mid and small caps stocks | Check share price target** — Discover high-conviction stock picks that analysts believe could yield significant returns amid market volatility. This article highlights five large-cap stocks and nine mid/small caps, detailing their target prices and potential upside.  — [Source](https://www.livemint.com/market/stock-market-news/high-conviction-picks-up-to-44-upside-5-large-caps-9-mid-and-small-caps-stocks-check-share-price-target-11788421872542.html)
- 2026-08-26 — BUSINESSTODAY: **ITC, Eternal, Swiggy, HUL, Titan, Jubilant Food shares: BNP Paribas target prices** — ITC share price, Swiggy share price, Eternal share price, Jubilant Food share price, HUL share price, Titan share price — [Source](https://www.businesstoday.in/markets/stocks/story/itc-eternal-swiggy-hul-titan-jubilant-food-shares-bnp-paribas-target-prices-551515-2026-08-26)
- 2026-08-23 — MONEYCONTROL: **FMCG sector sees a wave of leadership changes as firms chase faster execution and growth** — FMCG, fmcg ceo transition, fmcg stocks — [Source](https://www.moneycontrol.com/news/business/companies/fmcg-sector-sees-a-wave-of-leadership-changes-as-firms-chase-faster-execution-and-growth-14013196.html)
- 2026-08-12 — The Hindu: **Pravasi trust calls for tapping NRI savings for Kerala’s growth** — Pravasi Trust urges Kerala to leverage NRI savings for economic growth through investments in infrastructure, jobs, and industries. — [Source](https://www.thehindu.com/news/national/kerala/pravasi-trust-calls-for-tapping-nri-savings-for-keralas-growth/article71336718.ece)
- 2026-08-12 — Economic Times: **FMCG’s FII nightmare! $5.2 billion selloff in 12 straight months. Are stocks set for a rebound?** — Over the past year, foreign investors have unloaded $5.2 billion worth of FMCG stocks, largely due to the challenges stemming from inflated valuations and rising input costs. Companies are now transferring these increased costs to customers, resulting in weak volume growth and declining margins. For a recovery to take shape, analysts emphasize the need for enhanced consumer spending and stable commodity prices. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/fmcgs-fii-nightmare-5-2-billion-selloff-in-12-straight-months-are-stocks-set-for-a-rebound/articleshow/133169799.cms)
- 2026-08-10 — CNBC-TV18: **FMCG firms signal price hikes in Q2 as input cost pressures persist; demand remains resilient** — FMCG makers plan price hikes in Q2 due to rising input costs, commodity inflation, and geopolitical uncertainties. Britannia, GCPL, Dabur, HUL, and Tata Consumer Products expect to implement price inc — [Source](https://www.cnbctv18.com/business/fmcg-firms-signal-price-hikes-in-q2-as-input-cost-pressures-persist-demand-remains-resilient-19965268.htm)
- 2026-08-07 — Economic Times: **Britannia sees demand rise, but sugar and palm oil costs bite** — Britannia Industries said consumer demand strengthened in the June quarter, helping revenue rise 9.5% and profit nearly 14% year-on-year. However, rising sugar, palm oil and fuel costs are pressuring margins, prompting the company to consider further pricing measures. — [Source](https://economictimes.indiatimes.com/industry/cons-products/fmcg/britannia-sales-rise-as-cost-woes-persist/articleshow/133041532.cms)
- 2026-08-07 — The Hindu: **Sensex today | Stock Market Live: Sensex down 400 pts, Nifty slips to 24,560; Siemens Energy soars 13%, Bajaj Finance tanks 5.5%** — Sensex, Nifty, Share Prices Live: Markets remained under pressure through mid-session on Friday. Both indices opened gap-down and have struggled to recover, with selling pressure concentrated in financial stocks even as information technology continued to provide support. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-7th-august-2026/article71314561.ece)
- 2026-08-07 — The Hindu: **Q1 Results 07th Aug Live: SBI, Titan, Hindalco, Hitachi Energy, Power Finance Corporation, Godrej Consumer, Oil India, NLC, Cupid, Kaynes Tech, Ramco Cements, Afcons Infra, Lemon Tree Hotels, Cello to announce Q1 results, LIC, Hero Motocorp, Britannia, Siemens Energy, Muthoot Microfin shares gain, Trent, Premier Energies decline after Q1** — Q1 Results Today, 07th August 2026 Live Updates: Find all the latest Q1 results 2026 updates of Aarti Pharmalabs, Advait Energy Transitions, Amba Enterprises, Afcons Infrastructure, AG Ventures, Akshar Spintex, Alankit, Anuh Pharma, APM Industries, Aqylon Nexus, Archidply Industries, Arihant Superstructures, Arnold Holdings, Aro Granite Industries, Arvind SmartSpaces, Aryan Share and Stock Brokers, Asarfi Hospital, Ashapura Minechem, Ashirwad Steels & Industries, Asit C Mehta Financial Services,... — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-sbi-titan-hindalco-power-finance-corporation-godrej-consumer-oil-india-nlc-kaynes-tech-ramco-cements-afcons-infra-lemon-tree-cello-hitachi-lic-trent-results-07-august-202/article71313123.ece)
- 2026-08-07 — BUSINESSTODAY: **Top stocks in news: LIC, Britannia, TVS Motor, Premier, Dabur, Apollo Tyres, Alkem Labs** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, LIC of India, Britannia Industries, TVS Motor Company, Premier Energies, Dabur India, Apollo Tyres, Siemens Energy India, Alkem Laboratories, J Kumar Infraprojects, Life Insurance Corporation of India, Kirloskar Oil Engines, Shipping Corporation of India, Vijaya Diagnostic Centre, Aegis Logistics, Aegis Vopak Terminals — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-lic-britannia-tvs-motor-premier-dabur-apollo-tyres-alkem-labs-547804-2026-08-07)
- 2026-08-07 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: GIFT Nifty 90 pts lower; Jefferies raises target for Premier Eng** — Sensex Today | Stock Market Live Updates: The index holding on to 24,500 levels on the downside is something that the bulls will be pleased with as analysts believe it is forming a base for a move, first towards 24,800, and eventually to record levels. Crude oil prices though, have staged a minor rebound overnight with brent returning to above $80 a barrel. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-cas-tata-hero-pgel-lic-sci-sbi-ncc-premier-crompton-midcaps-share-price-liveblog-19963799.htm)
- 2026-08-07 — MONEYCONTROL: **Stocks to Watch Today: Alkem Labs, J Kumar Infra, Dabur, Britannia, Siemens Energy, Shipping Corporation, Vijaya Diagnostic Centre in focus on 7 August** — Stocks to watch, stocks in focus today, stocks in focus, share market today, top stocks, shares in focus today, shares today, today stocks to watch, trending stocks, trending stocks today, markets today, buzzing stocks, stocks today, stock market today,Britannia Industries,Siemens Energy India,Life Insurance Corporation of India,Shipping Corporation of India,Vijaya Diagnostic Centre,Apollo Tyres,Premier Energies,Alkem Laboratories,J Kumar Infraprojects,Aegis Logistics,Aegis Vopak Terminals,Dabur India,Neuland Laboratories,Orient Electric,Shadowfax Technologies,KPIT Technologies,CreditAccess Grameen,Indegene,Bandhan Bank — [Source](https://www.moneycontrol.com/news/business/markets/stocks-to-watch-today-alkem-labs-j-kumar-infra-dabur-britannia-siemens-energy-shipping-corporation-vijaya-diagnostic-centre-in-focus-on-7-august-13997019.html)
- 2026-08-06 — CNBC-TV18: **Stocks to Watch for August 7: LIC, Crompton Greaves, Apollo Tyres and more** — NCC, LIC, Hindustan Construction Company (HCC), Crompton Greaves, Signature Global and Lloyds Engineering Works will remain in focus on Friday after announcing their June quarter results post market hours. Investors will also keep a close watch on companies scheduled to announce their June quarter results tomorrow, including Ola Electric, Oil India and Power Finance Corporation. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-7-life-insurance-corp-ncc-apollo-tyres-and-more-19963428.htm)
- 2026-08-05 — Mint: **Milky Mist IPO to open on 11 August; cuts issue size by  ₹482 crore** — Milky Mist Dairy Food will launch its  ₹1,553-crore IPO on 11 August, with subscriptions open until 13 August. The company has reported a significant increase in profit and plans to use IPO proceeds to repay debt and expand facilities. — [Source](https://www.livemint.com/market/ipo/milky-mist-ipo-to-open-on-11-august-cuts-issue-size-by-rs-482-crore-11785912453341.html)
- 2026-07-31 — BUSINESSTODAY: **Top stocks in news: Tata Steel, Bajaj Finance, Swiggy, Mazagon, RailTel, LIC Housing, Medanta** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Bajaj Finance, Swiggy, Tata Steel, Mazagon Dock Shipbuilders, Torrent Pharmaceuticals, LIC Housing Finance, AWL Agri Business, RailTel Corporation of India, Aarti Industries, Indegene, Global Health, Chambal Fertilisers & Chemicals, Thermax, Data Patterns (India), Rainbow Children's Medicare, Satin Creditcare Network, GNG Electronics, MOIL, Nucleus Software Exports — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-tata-steel-bajaj-finance-swiggy-mazagon-railtel-lic-housing-medanta-546413-2026-07-31)
- 2026-07-28 — CNBC-TV18: **Ashika's Rahul Arora prefers mid-cap IT, sees upside in HDFC Bank and backs Eternal over Zepto** — Rahul Arora sees valuation-driven upside in HDFC Bank, favours Eternal in quick commerce, and believes Swiggy could gain if Zepto's IPO plans are delayed by its reported valuation reset. — [Source](https://www.cnbctv18.com/market/ashikas-rahul-arora-prefers-mid-cap-it-sees-upside-in-hdfc-bank-and-backs-eternal-over-zepto-19955613.htm)

## Business profile

**Strategic vision:** Indian food products company specializing in bakery and dairy.

### Business segments
- **Bakery:** This segment includes a variety of bakery items such as biscuits, cakes, rusks, and breads.
- **Dairy:** The company offers a range of dairy products.
- **Snacking:** This segment covers various snacking items and nutritious bars.

### Competitive strengths
- 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.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/britannia
Markdown representation: https://faxioms.com/stocks/britannia?render=md