Britannia Q2 Results: Revenue Rises 16.6% to ₹5,542 Crore; Profit Increases 10.2%

Mumbai, November 06: Britannia Industries Limited reported consolidated revenue from operations of ₹5,542 crore for the quarter ended September 30, 2026, registering 16.6% year-on-year growth. Profit after tax (PAT), representing the owners’ share, increased 10.2% to ₹721 crore.

Operating profit rose 8.5% year-on-year to ₹943 crore, while profit before tax increased 10.6% to ₹977 crore. PAT stood at 13% of revenue during the quarter. Compared with Q1 FY27, revenue increased 11.6%, while profit after tax grew 21.9%.

Britannia H1 FY27 Revenue Increases 13.1%

For the six months ended September 30, 2026, Britannia reported consolidated revenue of ₹10,506 crore, up 13.1% from the corresponding period last year.

Operating profit increased 10.3% to ₹1,704 crore, while profit before tax rose 12% to ₹1,775 crore. Profit after tax attributable to owners grew 11.7% to ₹1,312 crore. The PAT margin stood at 12.5% of revenue during H1 FY27.

Sales Growth Broadens Across Distribution Channels

Britannia reported growth across its general trade and other distribution channels. General trade growth in Q2 FY27 was 2.6 times the level recorded in FY25-26, while other channels continued to grow 1.8 times faster than general trade.

E-commerce contributed approximately 7% of the company’s business. Key states, which account for more than 50% of domestic revenue, recorded growth 2.8 times their FY25-26 level.

The company also reported growth across its adjacent businesses. Its adjacent bakery businesses, including cakes, rusk, wafers and croissants, grew more than 20% during the quarter. Dairy products, led by cheese, ghee and milk drinks, recorded double-digit growth. International business returned to mid-teens growth across key geographies.

Input Costs Remain an Area to Watch

The company’s presentation highlighted a mixed input cost environment in Q2 FY27 compared with the year-ago quarter. Flour costs declined 4%, while refined palm oil increased 17%, sugar rose 6%, milk increased 16%, laminate costs climbed 18% and industrial fuel costs rose 45%.

Compared with Q1 FY27, refined palm oil costs increased 11%, flour rose 9% and milk increased 2%.

Stock Market Snapshot

The Britannia Industries share price was trading at ₹4,754.70, down ₹225.60 or 4.53% on Friday, November 6, 2026, at 11:46:31 AM IST, compared with the previous close of ₹4,980.30. The stock opened at ₹5,050.

About Britannia Industries

Britannia Industries Limited is an Indian food company with a portfolio spanning biscuits, bakery products, dairy and other packaged food categories. Its brands include Good Day, Marie Gold, NutriChoice, Little Hearts, Tiger and Treat.

Conclusion

Britannia delivered double-digit revenue and profit growth in Q2 FY27, with stronger performance across distribution channels and its adjacent businesses. However, operating profit growth trailed revenue growth, while rising costs of palm oil, milk, laminates and industrial fuel remain important factors to monitor.

Source:

• https://www.nseindia.com/get-quote/equity/BRITANNIA/Britannia-Industries-Limited
• https://nsearchives.nseindia.com/corporate/BRITANNIA1_06112026074354_Intimation_Signed.pdf