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Informist, Thursday, Aug. 6, 2026

 

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--Britannia Apr-Jun consol net profit INR 5.91 bln 
--Analysts saw Britannia Apr-Jun consol net profit at INR 5.89 bln 
--Britannia Apr-Jun consol revenue INR 50.00 bln 
--Analysts saw Britannia Apr-Jun consol revenue at INR 49.80 bln 
--Britannia Apr-Jun consol net profit INR 5.91 bln vs INR 5.21 bln yr ago 
--Britannia Apr-Jun consol revenue INR 50.00 bln vs INR 46.22 bln yr ago 
--Britannia Q1 consol cost of materials INR 28.0 bln vs INR 25.5 bln yr ago 
 

 

 

By Avishek Rakshit

 

KOLKATA – Britannia Industries Ltd. Thursday reported its consolidated sales and profit for the June quarter in line with the Street's estimates despite a sharp increase in its other expenses and raw material costs, which it partly mitigated by reduced employee costs and stock-in-trade purchases.

 

One of the largest two bakery companies in the country, Britannia reported around 14% on-year growth in its consolidated net profit at INR 5.9 billion, while reporting over 8% on-year growth in revenue at INR 50.0 billion in the June quarter. 

 

The company's total expenses increased over 7% on year to INR 42.6 billion, primarily owing to a nearly 19% surge in other expenses. Cost of materials, which have been somewhat inflationary in the June quarter, increased around 10% on year to INR 28.0 billion. However, employee benefit expenses fell over 13% on year to INR 2.1 billion and stock-in-trade purchases declined over 32% on year to INR 1.4 billion.

 

Most of the company's key product categories saw positive sequential sales momentum, resulting in top-line growth, while the company rapidly scaled up its e-commerce business in the June quarter and saw robust growth in its traditional general trade channels. While consumer demand was upbeat in the June quarter, the company focused on advertising and promoting its products via influencers and carried out sales campaigns, which led to revenue growth.

 

The company stepped up its advertising to make up for the market share losses it suffered after the government cut goods and services tax, one of its distributors in Kolkata said. 

 

After the GST rate cut that lowered biscuit prices came into effect, Britannia had increased the grammage in smaller packs to pass on the lower tax benefits to consumers. However, its competitors such as Parle, and strong local brands such as Bisk Farm and several other brands had actually reduced pack prices instead of increasing grammage. 

 

This led Britannia to lose some market share to Parle and local brands since the December quarter, which continued in the June quarter as well. However, Britannia recovered some lost ground in the June quarter after industry-wide price hikes, which narrowed the pricing gap between Britannia and its competitors to a large extent.

 

"We continued to elevate brand salience through high-impact, topical mass media campaigns such as Marie Gold for Tea Day, NutriChoice for Health Day, and Little Hearts for Mother's Day," Rakshit Hargave, chief executive officer and managing director at Britannia, said in a statement.

 

The official said that the June quarter began with the ongoing West Asia war, which led to a steep increase in fuel costs and shipment charges across its domestic and international businesses. Despite these challenges, the company delivered a "healthy volume and value growth" in the June quarter and also gained ground against competition. 

 

While Britannia has historically been focused on the north Indian and central Indian states, which it terms the 'Hindi belt', the company stepped up its local play in the June quarter.

 

"At the same time, localised activations to win in 'Many Indias' like the Milk Bikis Thirukkural campaign in Tamil Nadu significantly deepened our regional consumer Engagement," Hargave said. "Innovation remains a key growth engine, with impulse and indulgent offerings — like our Dubai Kunafa Croissant — further strengthening our portfolio. Our international business also recovered sequentially as supply chain constraints began normalising in the last part of the quarter."

 

Hargave said the company will continue to closely monitor the evolving geopolitical situation in West Asia and crude oil volatility for potential impact on its international sales and domestic input costs. 

 

"We will remain agile in our actions to deliver healthy, sustainable revenue growth amidst an improving domestic demand environment, driven by sharp innovation, strong brand investments, and disciplined margin management through accelerated cost efficiency initiatives," he said. 

 

Thursday, shares of Britannia closed 0.7% lower at INR 5,404 on the National Stock Exchange. The company declared its June quarter results after market hours. End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

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