# Britannia Industries (BRITANNIA) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹4,785
- Change: -3.92%
- As of: 2026-11-06
- 1D return: -3.92%
- 5D return: +3.13%
- 1M return: +0.83%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

BRITANNIA closed at ₹4,785.0 on 2026-11-06 after a sharp downward gap and an extreme volume-weighted price move (-3.9% return, 2.24x volume ratio). The stock formed an active Outside Bar pattern, signaling significant intraday volatility with a high of ₹5,098.3 and low of ₹4,712.5. While the daily Supertrend remains bullish and price sits above the 20-period EMA/SMA, this short-term structure conflicts with the broader trend: the weekly and monthly Supertrends are bearish, and price is below key long-term moving averages (50-day and 200-day SMAs). The stock is trading near the lower end of its 252-day range (+16.1%) and has experienced a current drawdown of -24.1%. Immediate support lies at ₹4,742.86 (-0.88%), while resistance begins at ₹4,861.03 (+1.59%).

- Extreme Downward Move: On 2026-11-06, BRITANNIA saw an EXTREME severity anomaly with a -3.9% return and 2.24x volume ratio, accompanied by an active Outside Bar candlestick.
- Trend Divergence: Daily indicators show price above the 20-period EMAs and Supertrend, but weekly and monthly structures are bearish with price below all major moving averages and Supertrends.
- Key Levels: Nearest support is at ₹4,742.86 (-0.88%); immediate resistance is at ₹4,861.03 (+1.59%), followed by ₹4,911.97 (+2.65%).
- Risk Context: The stock is down -20.4% year-to-date, currently in a -24.1% drawdown from highs, with annualized volatility at +20.5%.

- Outside Bar
- Morning Star
- Doji
- Harami
- Hammer
- Inside Bar

### News Context

Britannia Industries reported its second-quarter results for FY27 on November 6, 2026, showing robust top-line growth but facing margin pressure from rising input costs. Consolidated revenue climbed 16.6% year-on-year to Rs 5,542 crore, while profit after tax rose 10.2% to Rs 721 crore. Another report noted a slightly higher net profit of Rs 726 crore (up 10.8%) against total income of Rs 5,671 crore, highlighting that expenses grew faster than income during the quarter. Despite these financial gains driven by broad-based channel growth, shares declined by as much as 5% in trading, reflecting investor concern over significant increases in key input costs such as refined palm oil, milk, and industrial fuel.

In market commentary on the same day, Prabhudas Lilladher issued a 'Buy' recommendation with a target price of Rs 6,046. This positive analyst view contrasts with the immediate negative stock reaction to the earnings release, which occurred amidst broader global market volatility and expected pullbacks in Indian equities.

- Q2 FY27 Financials: Revenue rose 16.6% YoY to Rs 5,542 crore; PAT increased 10.2% to Rs 721 crore (with one source citing Rs 726 crore), though expenses outpaced income growth.
- Cost Pressures: Stock fell up to 5% post-results due to rising input costs for refined palm oil, milk, and industrial fuel.
- Analyst View: Prabhudas Lilladher assigned a 'Buy' rating with a target price of Rs 6,046 on November 6, 2026.
- Market Context: Results were released amid weak global cues and expected Indian market pullback, with GIFT Nifty indicating a lower opening.

- [Buy Britannia Industries; target of Rs 6046: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/buy-britannia-industries-target-of-rs-6046-prabhudas-lilladher-14073090.html)
- [Britannia Q2 results: Revenue climbs to Rs 5,542 crore, profit rises 10%; stock reacts](https://www.businesstoday.in/markets/stocks/story/britannia-q2-results-revenue-climbs-to-rs-5542-crore-profit-rises-10-stock-reacts-566107-2026-11-06)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- [GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- [Britannia profit rises 11% to 726cr in Q2](https://timesofindia.indiatimes.com/business/india-business/britannia-profit-rises-11-to-726cr-in-q2/articleshow/135589268.cms)

### What Changed

Britannia Industries reported unaudited financial results for the quarter and half-year ended 30 September 2026 on 5 November 2026, following Board approval. Consolidated sales grew 16.6% year-over-year to ₹5,542 Crores in Q2 FY27, driven by a 13% volume increase, while net profit rose 10.8% to ₹726 Crores. For the six-month period, sales reached ₹10,506 Crores (13.1% growth) and net profit was ₹1,319 Crores (12.3% growth). Despite these top-line and bottom-line gains, the stock price declined from ₹4,946.30 to ₹4,785.00 on 6 November 2026, reflecting market pressure from rising input costs for refined palm oil, milk, and industrial fuel. An investor presentation was also filed with the NSE on 6 November 2026.

- Q2 FY27 consolidated sales grew 16.6% YoY to ₹5,542 Crores, with net profit increasing 10.8% to ₹726 Crores.
- Semi-annual performance showed 13.1% sales growth to ₹10,506 Crores and 12.3% profit growth to ₹1,319 Crores.
- Stock fell approximately 3.3% to ₹4,785.00 on 6 November 2026, amid concerns over higher input costs for key commodities.
- Board approved results on 5 November 2026; an investor presentation filing was submitted to the NSE on 6 November 2026.

- [Buy Britannia Industries; target of Rs 6046: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/buy-britannia-industries-target-of-rs-6046-prabhudas-lilladher-14073090.html)
- [Britannia Q2 results: Revenue climbs to Rs 5,542 crore, profit rises 10%; stock reacts](https://www.businesstoday.in/markets/stocks/story/britannia-q2-results-revenue-climbs-to-rs-5542-crore-profit-rises-10-stock-reacts-566107-2026-11-06)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- [GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- [Britannia profit rises 11% to 726cr in Q2](https://timesofindia.indiatimes.com/business/india-business/britannia-profit-rises-11-to-726cr-in-q2/articleshow/135589268.cms)
- [Britannia Industries Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06112026074354_Intimation_Signed.pdf)
- [The Board of Directors of the Company at their Meeting held today i.e., 5 November 2026, have inter-alia, considered and approved the Unaudited Consolidated and Standalone Financial Results of the Company for the quarter and half year ended 30 September 2026 and authorised Mr. Nusli N. Wadia, Chairman of the Company, to sign the Results to be submitted to the Stock Exchanges. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026182929_Outcome_of_the_Board_Meeting.pdf)
- [Britannia Industries Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "Britannia s Consolidated Sales for the quarter grew 16.6% while Net profit grew 10.8%". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026185848_Press_Release_Q2_26-27.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754365_05112026105829_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754370_05112026110303_WEB.xml)

### Official Filings

Britannia Industries Limited reported unaudited financial results for the quarter and half-year ended September 30, 2026, following Board approval on November 5, 2026. Consolidated sales grew 16.6% year-over-year to ₹5,542 Crores in Q2 FY26-27, driven by a 13% volume increase, while net profit rose 10.8% to ₹726 Crores. For the six-month period, consolidated sales reached ₹10,506 Crores (13.1% growth) with net profit at ₹1,319 Crores (12.3% growth). Management attributed strong sequential momentum to broad-based channel growth and acceleration in Bakery, adjacency, and International businesses. An investor presentation is scheduled for November 6, 2026, at 9:00 AM IST, where management will discuss these results without disclosing unpublished price-sensitive information.

- Q2 FY26-27 consolidated sales grew 16.6% YoY to ₹5,542 Crores, supported by 13% volume growth.
- Half-year consolidated net profit increased 12.3% to ₹1,319 Crores, with quarterly net profit up 10.8% to ₹726 Crores.
- Board approved results on November 5, 2026; Walker Chandiok & Co LLP issued unmodified limited-review reports.
- Investor presentation scheduled for November 6, 2026, at 9:00 AM IST to discuss operations and financial performance.

- [Britannia Industries Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06112026074354_Intimation_Signed.pdf)
- [The Board of Directors of the Company at their Meeting held today i.e., 5 November 2026, have inter-alia, considered and approved the Unaudited Consolidated and Standalone Financial Results of the Company for the quarter and half year ended 30 September 2026 and authorised Mr. Nusli N. Wadia, Chairman of the Company, to sign the Results to be submitted to the Stock Exchanges. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026182929_Outcome_of_the_Board_Meeting.pdf)
- [Britannia Industries Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "Britannia s Consolidated Sales for the quarter grew 16.6% while Net profit grew 10.8%". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026185848_Press_Release_Q2_26-27.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754365_05112026105829_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754370_05112026110303_WEB.xml)
- [This is to inform you that the Company has received an intimation from KFin Technologies Limited, the RTA of the Company on 3 November 2026, regarding the shifting of its Corporate Office to a new address with effect from 1 December 2026 |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/BRITANNIA1_04112026162905_Intimation_Signed.pdf)
- [Pursuant to Regulation 30 read with Clause 15 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, this is to inform you that the Company will host an Investors/Analysts Conference Call (Group Meet) on Friday, 6 November 2026 at 9:00 A.M. IST. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BRITANNIA1_27102026195733_Intimation_Signed.pdf)
- [BRITANNIA INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_761_WebXMLFile_20261027_201752508.xml)
- [Financial Results |Meeting Date: 05-Nov-2026](https://nsearchives.nseindia.com/corporate/BRITANNIA1_23102026184057_Intimation_dated_23102026.pdf)
- [BRITANNIA INDUSTRIES LIMITED has informed the Exchange about Board Meeting to be held on 05-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_761_WebXMLFile_20261023_184518824.xml)

### Fundamentals

Britannia Industries demonstrates a robust operating trajectory with accelerating earnings and improving cash conversion. For the trailing twelve months (TTM) ending recently, sales reached ₹19,529 crore with a 7% compounded growth rate, while net profit surged to ₹2,610 crore, reflecting a 19% TTM profit growth. The most recent quarterly data shows continued momentum: Q2 FY2026-27 revenue rose sequentially to ₹5,598 crore, driving net profit to ₹726 crore from ₹593 crore in Q1. Earnings quality remains high, evidenced by a Cash Conversion Cycle of -9 days and CFO/EBITDA ratios consistently near or above 100% over the last three years. Financial health is strengthened by a reduction in borrowings from ₹2,065 crore in Mar 2024 to ₹1,380 crore in Mar 2026, alongside a rise in investments to ₹3,610 crore. Return on Capital Employed (ROCE) improved to 56% in Mar 2026, up from 49% in Mar 2024. Shareholding patterns indicate increasing confidence from Domestic Institutional Investors (DIIs), whose stake rose to 21.41% in Sep 2026, while Foreign Institutional Investors (FIIs) reduced their holding to 12.94%. Promoters maintained a stable 50.55% stake. The key checkpoint for investors is monitoring whether margin expansion sustains as finance costs increased sequentially to ₹35.8 crore in Q2 FY2026-27.

- Earnings Acceleration: TTM net profit grew 19% to ₹2,610 crore, outpacing the 7% sales growth, indicating strong operational leverage.
- Balance Sheet Strength: Borrowings declined significantly from ₹2,065 crore (Mar 2024) to ₹1,380 crore (Mar 2026), while ROCE expanded to 56%.
- Cash Flow Quality: The company maintains a negative Cash Conversion Cycle (-9 days) and high cash conversion efficiency, ensuring liquidity despite rising working capital assets.
- Institutional Shift: DII holdings increased to 21.41% (Sep 2026) while FII stakes contracted to 12.94%, signaling a rotation in investor base.

### Bull Case

Britannia Industries demonstrated robust operational momentum in the September quarter of FY27, with consolidated revenue climbing 16.6% year-on-year to Rs 5,542 crore and profit after tax rising 10.2% to Rs 721 crore. This growth was driven by broad-based channel expansion and success in adjacent businesses, indicating strong underlying demand despite a challenging input-cost environment involving higher prices for refined palm oil, milk, and industrial fuel. While the stock has faced near-term headwinds—evidenced by a 5% intraday decline following results and a significant -24.1% current drawdown—the technical structure shows a daily Supertrend signal flipping bullish, contrasting with bearish monthly and weekly trends. A brokerage target of Rs 6,046 further underscores potential upside if cost pressures stabilize and volume growth sustains.

- Revenue grew 16.6% YoY to Rs 5,542 crore and PAT rose 10.2% to Rs 721 crore in Q2 FY27, supported by channel and adjacent business expansion.
- Daily technical indicator (Supertrend) turned bullish as of November 6, 2026, despite bearish signals on monthly and weekly timeframes.
- Current price of Rs 4,785 sits 24.1% below recent peaks, with nearest resistance at Rs 4,861 and support at Rs 4,743.
- Prabhudas Lilladher issued a 'Buy' recommendation with a target price of Rs 6,046, highlighting long-term valuation potential.

- [Buy Britannia Industries; target of Rs 6046: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/buy-britannia-industries-target-of-rs-6046-prabhudas-lilladher-14073090.html)
- [Britannia Q2 results: Revenue climbs to Rs 5,542 crore, profit rises 10%; stock reacts](https://www.businesstoday.in/markets/stocks/story/britannia-q2-results-revenue-climbs-to-rs-5542-crore-profit-rises-10-stock-reacts-566107-2026-11-06)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- [GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- [Britannia profit rises 11% to 726cr in Q2](https://timesofindia.indiatimes.com/business/india-business/britannia-profit-rises-11-to-726cr-in-q2/articleshow/135589268.cms)
- [Britannia Industries Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06112026074354_Intimation_Signed.pdf)
- [The Board of Directors of the Company at their Meeting held today i.e., 5 November 2026, have inter-alia, considered and approved the Unaudited Consolidated and Standalone Financial Results of the Company for the quarter and half year ended 30 September 2026 and authorised Mr. Nusli N. Wadia, Chairman of the Company, to sign the Results to be submitted to the Stock Exchanges. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026182929_Outcome_of_the_Board_Meeting.pdf)
- [Britannia Industries Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "Britannia s Consolidated Sales for the quarter grew 16.6% while Net profit grew 10.8%". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026185848_Press_Release_Q2_26-27.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754365_05112026105829_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754370_05112026110303_WEB.xml)

### Bear Case

Britannia Industries faces near-term headwinds from rising input costs and a deteriorating technical setup. For the September quarter of FY27, consolidated revenue rose 16.6% to ₹5,542 crore and profit after tax increased 10.2% to ₹721 crore; however, expenses grew faster than income, pressuring margins. The stock reacted negatively to these results, declining up to 5% due to inflation in refined palm oil, milk, and industrial fuel prices. Technically, the monthly trend is bearish, with the stock trading at ₹4,785 on November 6, 2026, representing a year-to-date return of -20.4%. The share price is currently 24.1% below its recent peak, with resistance levels clustered between ₹4,861 and ₹4,997, limiting immediate upside potential.

- Margin pressure: Expenses outpaced income growth in Q2 FY27 (revenue +15.9%, profit +10.8%), driven by higher costs for palm oil, milk, and fuel.
- Technical weakness: Monthly supertrend is bearish; stock is down 20.4% year-to-date and 24.1% from its high.
- Resistance overhead: Immediate resistance lies at ₹4,861 (1.59% above), requiring a break above this level to signal short-term reversal.
- Market sensitivity: Stock fell up to 5% post-results despite earnings growth, indicating investor caution on cost inflation.

- [Buy Britannia Industries; target of Rs 6046: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/buy-britannia-industries-target-of-rs-6046-prabhudas-lilladher-14073090.html)
- [Britannia Q2 results: Revenue climbs to Rs 5,542 crore, profit rises 10%; stock reacts](https://www.businesstoday.in/markets/stocks/story/britannia-q2-results-revenue-climbs-to-rs-5542-crore-profit-rises-10-stock-reacts-566107-2026-11-06)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- [GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- [Britannia profit rises 11% to 726cr in Q2](https://timesofindia.indiatimes.com/business/india-business/britannia-profit-rises-11-to-726cr-in-q2/articleshow/135589268.cms)
- [Britannia Industries Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06112026074354_Intimation_Signed.pdf)
- [The Board of Directors of the Company at their Meeting held today i.e., 5 November 2026, have inter-alia, considered and approved the Unaudited Consolidated and Standalone Financial Results of the Company for the quarter and half year ended 30 September 2026 and authorised Mr. Nusli N. Wadia, Chairman of the Company, to sign the Results to be submitted to the Stock Exchanges. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026182929_Outcome_of_the_Board_Meeting.pdf)
- [Britannia Industries Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "Britannia s Consolidated Sales for the quarter grew 16.6% while Net profit grew 10.8%". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026185848_Press_Release_Q2_26-27.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754365_05112026105829_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754370_05112026110303_WEB.xml)

### FAQs

**How did Britannia perform financially in the September quarter of FY27?**

For the quarter ended September 30, 2026, Britannia reported consolidated revenue of Rs 5,542 crore, a 16.6% year-on-year increase driven by a 13% volume rise. Net profit grew 10.8% to Rs 726 crore, up from Rs 655 crore in the prior year period.

**Why did the stock price decline despite strong quarterly results?**

Shares fell as much as 5% during trading following the Q2 results release. This reaction reflects market pressure from significant increases in key input costs, specifically refined palm oil, milk, and industrial fuel, which weighed on sentiment despite the top-line growth.

**What is the current technical trend for Britannia's shares?**

As of November 6, 2026, the daily trend shows a Supertrend direction of 'bullish' with an ADX of 33.14. However, the weekly and monthly trends are 'bearish'. The stock closed at Rs 4,785.00, currently sitting below resistance levels near Rs 4,861 and Rs 4,912.

**What are the key support and resistance levels to monitor?**

Immediate resistance is located at Rs 4,861 (1.59% above) and Rs 4,912 (2.65% above). Key support levels are found at Rs 4,743 (0.88% below) and Rs 4,603 (3.81% below). The stock has experienced a maximum drawdown of -28.0% historically.

- [Buy Britannia Industries; target of Rs 6046: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/buy-britannia-industries-target-of-rs-6046-prabhudas-lilladher-14073090.html)
- [Britannia Q2 results: Revenue climbs to Rs 5,542 crore, profit rises 10%; stock reacts](https://www.businesstoday.in/markets/stocks/story/britannia-q2-results-revenue-climbs-to-rs-5542-crore-profit-rises-10-stock-reacts-566107-2026-11-06)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- [GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- [Britannia profit rises 11% to 726cr in Q2](https://timesofindia.indiatimes.com/business/india-business/britannia-profit-rises-11-to-726cr-in-q2/articleshow/135589268.cms)
- [Britannia Industries Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06112026074354_Intimation_Signed.pdf)
- [The Board of Directors of the Company at their Meeting held today i.e., 5 November 2026, have inter-alia, considered and approved the Unaudited Consolidated and Standalone Financial Results of the Company for the quarter and half year ended 30 September 2026 and authorised Mr. Nusli N. Wadia, Chairman of the Company, to sign the Results to be submitted to the Stock Exchanges. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026182929_Outcome_of_the_Board_Meeting.pdf)
- [Britannia Industries Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "Britannia s Consolidated Sales for the quarter grew 16.6% while Net profit grew 10.8%". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026185848_Press_Release_Q2_26-27.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754365_05112026105829_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754370_05112026110303_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹4,997.07
- Risk regime: Price Risk Requires Attention

### Support levels
- 4742.8625
- 4602.525
- 4502.95

### Resistance levels
- 5042.59375
- 5344.649865722657
- 5568.490234375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -3.92% |
| return_10 | +5.45% |
| return_1m | -2.02% |
| return_1y | -20.43% |
| return_20 | +0.83% |
| return_3m | -11.45% |
| return_5 | +3.13% |
| return_6m | -17.26% |
| return_since_start | -0.20% |
| return_ytd | -20.38% |

### 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 | -27.98% |
| annualized_volatility | +20.52% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Britannia Industries Limited Q2 FY2026-27: Revenue up 16% year on year

Revenue from operations rose 15.6% year on year to ₹5,598 crore in the quarter ended 30 September 2026, while profit for the period increased 10.8% to ₹726 crore. Sequentially, revenue and profit grew 12.0% and 22.3%, respectively, as expenses increased 10.0%. Operating cash flow was ₹936 crore; quarter-end inventory and current borrowings were higher than at 31 March 2026.

## Revenue and expenses

Revenue from operations was ₹5,597.79 crore, compared with ₹4,999.97 crore in Q1 FY2026-27 and ₹4,840.63 crore in Q2 FY2025-26. Total expenses rose 10.0% sequentially to ₹4,690.47 crore from ₹4,262.24 crore. Year on year, expenses increased 17.1%, faster than revenue growth of 15.6%.

Cost of materials consumed was ₹3,237.48 crore in Q2. Other expenses declined to ₹996.83 crore from ₹1,025.31 crore in Q1, but were 13.0% higher than the ₹882.13 crore reported in Q2 FY2025-26.

## Profit and per-share earnings

Profit before tax was ₹980.83 crore, up 22.7% from ₹799.14 crore in Q1 FY2026-27 and 10.6% from ₹886.90 crore in Q2 FY2025-26. Profit for the period increased to ₹725.99 crore from ₹593.38 crore sequentially and ₹655.06 crore a year earlier. Tax expense was ₹251.38 crore, compared with ₹203.97 crore in Q1.

Basic EPS was ₹29.93, versus ₹24.55 in Q1 FY2026-27 and ₹27.17 in Q2 FY2025-26. Trailing 12-month EPS was ₹110.87. Finance costs rose to ₹35.76 crore from ₹22.87 crore sequentially and were slightly above the ₹34.68 crore recorded a year earlier.

## Cash flow and balance sheet

Cash from operating activities was ₹935.94 crore in Q2. Investing activities generated an inflow of ₹20.39 crore, and the reported free cash flow measure was ₹956.33 crore. Financing activities recorded an outflow of ₹989.17 crore. Cash and cash equivalents stood at ₹190.75 crore on 30 September 2026, compared with ₹220 crore on 31 March 2026.

Inventories rose to ₹2,322.67 crore from ₹1,345.93 crore at 31 March 2026. Current trade payables increased to ₹2,250.97 crore from ₹1,896.41 crore. Current borrowings were ₹2,439.52 crore, up from ₹1,071.72 crore, while noncurrent borrowings declined to ₹155.21 crore from ₹286.11 crore. The borrowing balance was more concentrated in current borrowings at quarter-end.

## Key Takeaway

Britannia delivered strong sequential growth in revenue and profit, with expenses rising more slowly than revenue during the quarter. The higher inventory and current borrowing balances at 30 September warrant attention alongside the ₹936 crore of operating cash flow generated in Q2.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +50.55%
- FII holding: +13.40%
- DII holding: +20.88%
- Mutual fund holding: +12.25%
- Retail holding: +10.54%
- Promoter pledged: +0.00%

### Major reported shareholders

- ASSOCIATED BISCUITS INTERNATIONAL LIMITED — +44.76% (Bodies Corporate)
- ICICI PRUDENTIAL INDIA OPPORTUNITIES FUND — +4.34%
- QUALIFIED INSTITUTIONAL BUYER — +3.99% (Other)
- LIFE INSURANCE CORPORATION OF INDIA — +2.71%
- HDFC MUTUAL FUND - HDFC MNC FUND — +1.76%
- LICI ASM NON PAR — +1.27% (Other)
- BANNATYNE ENTERPRISES PTE LTD — +1.16% (Bodies Corporate)
- DOWBIGGIN ENTERPRISES PTE LTD — +1.16% (Bodies Corporate)
- NACUPA ENTERPRISES PTE LTD — +1.16% (Bodies Corporate)
- VALLETORT ENTERPRISES PTE LTD — +1.16% (Bodies Corporate)

## Official filings

- 2026-11-07 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_761_WebXMLFile_20261107_145836191.xml)
- 2026-11-07 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_761_WebXMLFile_20261107_163344580.xml)
- 2026-11-06 — Earnings Presentation: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06112026074354_Intimation_Signed.pdf)
- 2026-11-06 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06112026163138_Intimation_Signed.pdf)
- 2026-11-06 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06112026165217_SE_Intimation.pdf)
- 2026-11-06 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06112026221718_SE_Intimation_on_Voting_Results.pdf)
- 2026-11-06 — Management Change: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06112026223958_Intimation.pdf)
- 2026-11-06 — Regulatory Filing: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1755234_06112026104754_WEB.xml)
- 2026-11-05 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026182929_Outcome_of_the_Board_Meeting.pdf)
- 2026-11-05 — Press Release: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_05112026185848_Press_Release_Q2_26-27.pdf)
- 2026-11-05 — Financial Results Filing: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754365_05112026105829_WEB.xml)
- 2026-11-05 — Financial Results Filing: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754370_05112026110303_WEB.xml)
- 2026-11-04 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_04112026162905_Intimation_Signed.pdf)
- 2026-10-27 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_27102026195733_Intimation_Signed.pdf)
- 2026-10-27 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_761_WebXMLFile_20261027_201752508.xml)
- 2026-10-23 — Board Meeting Notice: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_23102026184057_Intimation_dated_23102026.pdf)
- 2026-10-23 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_761_WebXMLFile_20261023_184518824.xml)
- 2026-10-23 — Board Meeting Notice: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_761_WebXMLFile_20261023_184518824.xml)
- 2026-10-20 — Shareholding Disclosure: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742374_20102026075905_WEB.xml)
- 2026-10-16 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_16102026154522_Intimation_Signed.pdf)
- 2026-10-13 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_13102026180957_SE_Intimation.pdf)
- 2026-10-08 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_08102026173450_Intimation_signed.pdf)
- 2026-10-07 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_07102026180510_SE_Intimation.pdf)
- 2026-10-06 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BRITANNIA1_06102026192437_Intimation_signed.pdf)
- 2026-10-06 — Generic Announcement: Britannia Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_761_WebXMLFile_20261006_202230452.xml)

## News and market events

- 2026-11-06 — Economic Times: **Britannia Industries plans further price hikes amid food inflation impacting margins and boosting rural demand** — Britannia Industries is planning further price hikes to address persistent food and commodity inflation that has pressured margins, following a 3.5% increase in the September quarter that only partially offset rising costs for inputs like palm oil and milk. The company faces intensifying competition from regional players and new entrants such as Reliance Industries, particularly in the Rs 5 and Rs 10 price segments where its portfolio is heavily concentrated. Despite these challenges, Britannia reports a recovery in demand driven by rural and semi-urban markets, leading to sequential market-sh — [Source](https://economictimes.indiatimes.com/industry/cons-products/fmcg/britannia-industries-plans-further-price-hikes-amid-food-inflation-impacting-margins-and-boosting-rural-demand/articleshow/135619060.cms)
- 2026-11-06 — Mint: **Diwali stock picks: 4 large cap stocks to buy for Samvat 2083 - PL Capital bullish on BEL, Britannia to ICICI | Target** — PL Capital has identified Bharat Electronics, Britannia Industries, ICICI Bank, and Shriram Finance as its top large-cap stock picks for Samvat 2083. The brokerage assigned 'Buy' ratings with specific target prices of ₹490, ₹4,980, ₹1,900, and ₹1,200 respectively, citing factors such as strong order visibility, brand leadership, earnings quality, and asset growth potential. — [Source](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-4-large-cap-stocks-to-buy-for-samvat-2083-pl-capital-bullish-on-bel-britannia-to-icici-target-11793974105149.html)
- 2026-11-06 — MONEYCONTROL: **Buy Britannia Industries; target of Rs 6046: Prabhudas Lilladher** — Prabhudas Lilladher has issued a 'Buy' recommendation for Britannia Industries, setting a target price of Rs 6046. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-britannia-industries-target-of-rs-6046-prabhudas-lilladher-14073090.html)
- 2026-11-06 — BUSINESSTODAY: **Britannia Q2 results: Revenue climbs to Rs 5,542 crore, profit rises 10%; stock reacts** — Britannia Industries reported a 16.6% year-on-year increase in consolidated revenue to Rs 5,542 crore and a 10.2% rise in profit after tax to Rs 721 crore for the September quarter of FY27, driven by broad-based channel growth and expansion in adjacent businesses. Despite these financial gains, shares declined by as much as 5% during trading, reflecting pressure from significant increases in key input costs such as refined palm oil, milk, and industrial fuel. — [Source](https://www.businesstoday.in/markets/stocks/story/britannia-q2-results-revenue-climbs-to-rs-5542-crore-profit-rises-10-stock-reacts-566107-2026-11-06)
- 2026-11-06 — Mint: **Indian stocks set for pullback after sharp rally on oil slide, foreign inflows** — Indian equities are expected to pull back after a six-session winning streak, as global market routs and profit-booking pressures offset the support from lower oil prices and record foreign institutional inflows. While benchmarks like the Nifty 50 and BSE Sensex had rallied on crude declines and US election outcomes, sentiment has turned risk-averse following steep selloffs in US technology stocks and Asian markets. Analysts suggest that India's limited direct exposure to AI-hardware trades may provide some insulation against the severe global volatility. — [Source](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- 2026-11-06 — BUSINESSTODAY: **GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus** — Multiple Indian listed companies including Oil & Natural Gas Corporation, Bharti Airtel, Titan Company, Glenmark Pharmaceuticals, Britannia Industries, Kalpataru Projects International, Godfrey Phillips India, KNR Constructions, Lemon Tree Hotels, and Ashoka Buildcon reported quarterly financial results or received significant corporate orders on November 06, 2026. Concurrently, GIFT Nifty futures indicated a weak market opening due to negative global cues. — [Source](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- 2026-11-06 — Times of India: **Britannia profit rises 11% to 726cr in Q2** — Britannia Industries reported an 10.8% year-on-year increase in consolidated net profit to Rs 726 crore for the September quarter, up from Rs 655 crore a year earlier. Total income rose 15.9% to Rs 5,671 crore during the second quarter of FY27, even as expenses grew faster than income. — [Source](https://timesofindia.indiatimes.com/business/india-business/britannia-profit-rises-11-to-726cr-in-q2/articleshow/135589268.cms)
- 2026-11-05 — CNBC-TV18: **Top 10@10 | D-Street soars, Wall Street cheers Democrat sweep, Ronaldo retires** — Indian equities extended their winning streak to a sixth session, with the Sensex and Nifty rising on improving sentiment, falling crude oil prices, and expectations of broader market recovery. US midterm election results reshaped sectoral outlooks by creating winners and losers linked to political themes, while domestic Q2 earnings highlighted strong performances from Bharti Airtel and Titan alongside profit declines at other firms. — [Source](https://www.cnbctv18.com/business/top-1010-d-street-soars-wall-street-cheers-democrat-sweep-ronaldo-retires-20028356.htm)
- 2026-11-05 — Times of India: **Britannia profit rises 11% to Rs 726 cr** — Britannia Industries reported an 11% year-on-year increase in consolidated net profit to Rs 726 crore for the second quarter of FY27, driven by a 15.9% rise in total income and 13% growth in sales volumes. However, expenses grew faster than revenue, increasing by 17.1% largely due to a 22.3% jump in raw material costs amid inflationary pressures. The company's management acknowledged these cost challenges while highlighting broad-based growth across channels and new product initiatives. — [Source](https://timesofindia.indiatimes.com/business/india-business/britannia-profit-rises-11-to-rs-726-cr/articleshow/135579578.cms)
- 2026-11-05 — Economic Times: **Britannia looks beyond biscuits, turns to regional tastes and festive campaigns to drive FMCG growth** — Britannia Industries reported a 16.6% year-on-year sales increase to Rs 5,542 crore for the September quarter, driven by volume growth and an expansion into bakery and adjacency products beyond its traditional biscuit portfolio. The company is sharpening its focus on localized marketing through festive campaigns and brand activations tailored to regional cultural occasions to deepen consumer engagement amid intensifying competition from smaller food brands. — [Source](https://economictimes.indiatimes.com/industry/cons-products/fmcg/britannia-looks-beyond-biscuits-turns-to-regional-tastes-and-festive-campaigns-to-drive-fmcg-growth/articleshow/135576621.cms)
- 2026-11-05 — MONEYCONTROL: **Britannia Industries Q2: Consolidated profit rises 11% to Rs 726 crore, revenue up 16%** — Britannia Industries reported an 11% rise in consolidated profit to Rs 726 crore for the second quarter, alongside a 16% increase in revenue. The financial results highlight the company's performance metrics for the period as detailed in the earnings report. — [Source](https://www.moneycontrol.com/news/business/earnings/britannia-industries-q2-consolidated-profit-rises-11-to-rs-726-crore-revenue-up-16-14071801.html)
- 2026-11-05 — Economic Times: **Britannia Industries Q2 Results: Profit rises 11% YoY to Rs 726 crore, revenue grows 16%** — Britannia Industries reported an 11% year-on-year increase in consolidated net profit to Rs 726 crore and a 16% rise in revenue to Rs 5,597.79 crore for the September quarter of FY27. However, the company's EBITDA margin contracted to 18.2% from 19.7% in the previous year as total expenses grew faster than revenue. The stock had risen nearly 1% ahead of the announcement but remains down approximately 17% so far in 2026. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/britannia-industries-q2-results-profit-rises-11-yoy-to-rs-726-crore-revenue-grows-16/articleshow/135575248.cms)
- 2026-11-05 — Mint: **Top stocks to watch today: Bharti Airtel, LIC, Nykaa, Torrent Power shares in focus on Thursday, 5 Nov | Full list** — Adani Power has entered into a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited to supply 1,234 MW of ex-bus net thermal power, backed by an installed generation capacity of 1,320 MW. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bharti-airtel-lic-nykaa-torrent-power-shares-in-focus-on-thursday-5-nov-full-list-11793843425775.html)
- 2026-11-05 — CNBC-TV18: **Q2 Results Live Updates: Bharti Airtel, Titan, ONGC, LIC, M&M report today; BSE, PI, Lenskart react** — The National Stock Exchange reports that the upcoming day is likely the busiest of the current quarter's results season, with over 90 companies scheduled to release their Q2 financial numbers. Major entities including Bharti Airtel, ONGC, Mahindra & Mahindra, LIC, Titan, and Britannia are among those reporting, while stocks such as BSE, Lenskart, Nykaa, and Orkla India are expected to react to previously released results. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-bse-mm-bharti-airtel-ongc-titan-lg-britannia-nbcc-ncc-lenskart-nykaa-orkla-lic-samil-prestige-share-price-liveblog-20027499.htm)
- 2026-11-01 — Mint: **Best 3 stocks to buy: SBI, Britannia, Biocon by Ganesh Dongre of Anand Rathi | Targets, stop-loss, stock market views** — Ganesh Dongre of Anand Rathi recommended buying shares of SBI, Britannia, and Biocon for the upcoming week, citing technical recovery potential. The recommendations include specific entry ranges, profit targets, and stop-loss levels for each stock. — [Source](https://www.livemint.com/market/stock-market-news/best-3-stocks-to-buy-sbi-britannia-biocon-by-ganesh-dongre-of-anand-rathi-targets-stop-loss-stock-market-views-11793467488582.html)
- 2026-10-31 — LIVELAW.IN: **CCPA Imposes ₹1 Lakh Penalty On Britannia Industries Over '100% Whole Wheat Bread' Claim** — The CCPA penalized Britannia Industries Ltd. ₹1 lakh and ordered the discontinuation of misleading advertisements for its '100% Whole Wheat Bread', finding that the product's 62% whole wheat content failed to meet the 75% regulatory threshold for such labeling. — [Source](https://www.livelaw.in/consumer-cases/ccpa-imposes-1-lakh-penalty-on-britannia-industries-over-100-whole-wheat-bread-claim-556778)
- 2026-10-27 — Mint: **Nifty FMCG down 22% in 2026; Diwali shopping opportunity for investors? Experts decode support levels and recovery bets** — The Nifty FMCG index has sharply underperformed Nifty 50, with 13 sector stocks posting negative annual returns. Rising commodity costs, changing consumer preferences and slower growth expectations are squeezing the sector. Experts are watching key support levels for signs of stabilisation. — [Source](https://www.livemint.com/market/stock-market-news/nifty-fmcg-down-22-in-2026-diwali-shopping-opportunity-for-investors-experts-decode-support-levels-and-recovery-bets-11793095230786.html)
- 2026-10-26 — The Hindu: **CCPA fines Britannia ₹1 lakh over '100% whole wheat bread' claim; product contains only 62% wheat** — CCPA fines Britannia ₹1 lakh for misleading "100% whole wheat bread" claim despite 62% wheat content, ordering immediate ad discontinuation and a 15-day compliance report. — [Source](https://www.thehindu.com/business/ccpa-fines-britannia-1-lakh-over-100-whole-wheat-bread-claim-productcontains-only-62-wheat/article71628554.ece)
- 2026-10-26 — The Hindu: **CCPA fines Britannia ₹1 lakh over misleading claim** — The Central Consumer Protection Authority (CCPA) has slapped a ₹1 lakh penalty on Britannia Industries for misleading advertisements claiming “100 per cent whole wheat bread.” The Authority said it took suo motu cognisance of the matter after observing that the product packaging declared a wheat content of 62 per cent, despite the “100%” claim in the company's ads. — [Source](https://www.thehindubusinessline.com/companies/ccpa-fines-britannia-1-lakh-over-misleading-claim/article71628084.ece)
- 2026-10-26 — Economic Times: **Zero maida: Britannia ordered to stop misleading ads saying its bread is '100% whole wheat' because atta made up only around 62% of the finished product** — CCPA has ordered Britannia Industries to withdraw advertisements claiming its bread is “100% Whole Wheat Bread”, finding the claim misleading because whole wheat flour accounts for around 62% of the finished product. The authority rejected the company's defence and directed it to pay a penalty and submit a compliance report within 15 days. — [Source](https://economictimes.indiatimes.com/news/new-updates/zero-maida-britannia-ordered-to-stop-misleading-ads-saying-its-bread-as-100-whole-wheat-because-atta-made-up-only-around-62-of-the-finished-product/articleshow/135202259.cms)
- 2026-10-26 — Times of India: **Britannia called its bread as ‘100% Whole Wheat’, but atta made up only 62% of the product; CCPA calls the claim misleading, fines company Rs 1 lakh and orders it to withdraw the advertisement across print, electronic and social media within 15 days** — NEW DELHI: CCPA has imposed a penalty of Rs 1 lakh on Britannia Industries for misleading consumers by marketing its bread as \"100% Whole Wheat Bread\" — [Source](https://timesofindia.indiatimes.com/city/delhi/britannia-called-its-bread-as-100-whole-wheat-but-atta-made-up-only-62-of-the-product-ccpa-calls-the-claim-misleading-fines-company-rs-1-lakh-and-orders-it-to-withdraw-the-advertisement-across-print-electronic-and-social-media-within-15-days/articleshow/135200510.cms)
- 2026-10-21 — Times of India: **4 firms get incentives under UP investment policy | Lucknow News - The Times of India** — UP’s Empowered Committee approved incentives under the Rapid Investment Promotion Policy-2020 for four firms, totaling Rs 56.26 crore. — [Source](https://timesofindia.indiatimes.com/city/lucknow/4-firms-get-incentives-under-up-investment-policy/articleshow/135100257.cms)
- 2026-10-21 — News18: **How Quick Commerce Is Reshaping FMCG Distribution Ahead of the Festive Season** — E-commerce accounts for around 7% of India's FMCG sales in the April-June 2026 quarter, according to NielsenIQ's India FMCG Quarterly Snapshot. — [Source](https://www.news18.com/business/ipo/how-quick-commerce-is-reshaping-fmcg-distribution-ahead-of-the-festive-season-ws-l-10391010.html)
- 2026-10-19 — CNBC-TV18: **Rahul Arora turns cautiously optimistic on markets, sees buying opportunity in private banks** — Rahul Arora, CEO of Ashika Institutional Equities, expects private banks to post 15-20% growth over the next two years, while viewing the recent IT rally as a trading opportunity rather than a structural shift. — [Source](https://www.cnbctv18.com/market/rahul-arora-turns-cautiously-optimistic-markets-sees-private-banks-driving-next-rally-indian-equities-it-stocks-crude-oil-prices-geopolitical-tensions-icici-sbi-tilaknagar-orient-tata-consumer-bse-nse-20014720.htm)
- 2026-10-17 — LIVELAW.IN: **Delhi High Court Stays FSSAI Order Directing Britannia To Remove 'No Added Sugar', 'No Maida' Claims From Biscuit Labels** — The Delhi High Court has stayed an order issued by the Food Safety and Standards Authority of India (FSSAI) directing Britannia Industries Limited to remove the claims “No Added Sugar”, “No Maida” and... — [Source](https://www.livelaw.in/high-court/delhi-high-court/delhi-high-court-stays-fssai-order-directing-britannia-to-remove-no-added-sugar-no-maida-claims-from-biscuit-labels-555193)

## 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.

## Related stocks

- [Dabur India Limited (FMCG)](https://faxioms.com/stocks/dabur) — -1.21%
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- [Marico Limited (FMCG)](https://faxioms.com/stocks/marico) — +1.13%
- [TATA CONSUMER PRODUCTS LIMITED (FMCG)](https://faxioms.com/stocks/tataconsum) — +0.80%
- [United Spirits Limited (FMCG)](https://faxioms.com/stocks/unitdspr) — +1.69%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

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