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Britannia Industries Results: Latest Quarterly Results & Analysis

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Britannia Industries Ltd. 05 Aug 2025 18:34 PM
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Q1FY26 Quarterly Result Announced for Britannia Industries Ltd.

Packaged Foods company Britannia Industries announced Q1FY26 results

  • Consolidated Sales for Q1FY26 stands at Rs 4,535 crore, growing 9.8%.
  • Net Profit stands at Rs 520 crore, growing 3% on a YoY basis.

Varun Berry, Executive Vice-Chairman, Managing Director & Chief Executive Officer, said: “Our performance during the quarter underscores the effectiveness of our focused execution strategy, which entailed maximizing value from existing outlets, enabling more agile servicing to key stores, and driving operational efficiencies across our extensive distribution network, leading to a growth of ~10% in sales along with robust double-digit growth across our four focus states and in adjacent bakery categories such as Rusk, Wafers, and Croissant. Marginal uptick in consumption across both urban and rural markets — underpinned by moderating inflation, helped us go back to doubledigit growth after the last few periods.

Continuing our journey of premiumization through innovations, exciting new launches across our premium biscuit portfolio, such as the Pure Magic range, Crafted Cookies under Good Day enriched our offerings to consumers while we continued building our core brands through focused media and marketing interventions.

As the year progresses, our focus will remain on sustaining a healthy growth trajectory while protecting margins amidst a heightened competitive landscape across product categories. We aim to further reinforce our market leadership through continued investments in brand building and innovations.

Our ESG framework — anchored in People, Growth, Governance, and Resources — remains central to our operations, as we strive to build a business that is both Sustainable and Profitable.”

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Packaged Foods company Britannia Industries announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Consolidated Sales for Q4FY25 stands at Rs 4,376 crore, growing 9% YoY.
  • Net Profit stands at Rs 559 crore, growing 4% on a YoY basis.

FY25 Financial Highlights:

  • Consolidated Sales fir FY25 stands at Rs 17,535 crore growing 6% YoY.
  • Net Profit stands at Rs 2,178 crore, growing 2% on a YoY basis.
  • The Board of Directors recommended a final dividend of Rs 75 per share of face value Re. 1/- each.

Varun Berry, Vice Chairman & Managing Director, said: “With a high single-digit value growth of 9% during the last quarter of the year amidst a tight consumption scenario, the performance underscores our resilience in a challenging operating environment marked by rising commodity prices, changing channel dynamics, and subdued demand across FMCG categories. Strategic Pricing actions, nimble approach in emerging channels, combined with robust cost efficiency initiatives delivering savings of approximately 3% of revenue, helped us sustain our growth and profitability as we navigated the year effectively.

Our distribution footprint now directly caters to about 29 lakh outlets across the country, with the rural distributors aiding towards strengthening our presence in the rural markets. New launches across the product categories, such as the E-comm first launch of our Premium range of Pure Magic Choco Frames, Winkin Cow Grow further reinforced our adjacent businesses while we continued to invest behind the legacy brands through distinctive promotions for Marie Gold and Good Day during the quarter.

As we enter the new financial year, we will continue to closely monitor commodity prices and evaluate their impact, while staying focused on driving healthy, profitable growth and strengthening our market leadership.

We reaffirm our commitment to our ESG framework of People, Growth, Governance and Resources and shall continue to focus on our initiatives to build a Sustainable and Profitable business.”

Result PDF

Packaged Foods company Britannia Industries announced Q3FY25 results

  • Consolidated Sales for the Q3FY25 stands at Rs 4,463 crore, growing 6.5%.
  • Net Profit stands at Rs 582 crore, growing 4.8% on a YoY basis.

Varun Berry, Vice Chairman & Managing Director, said: “Despite the ongoing subdued demand across FMCG categories and increased competitive pressures, we achieved a strong performance, with both value and volume growing about 6% each on a YoY basis. The inflation on key input materials of Wheat, Palm Oil, Cocoa etc. remains on an upward trajectory, which we mitigated through judicious price increases, focused brand investments and fixed cost leverage, helping us sustain operating margins while maintaining competitiveness.

We continued expanding our distribution network, reaching directly to about 29 lakh outlets nationwide. Our focus states outperformed the other regions with a 2.6x growth during the quarter, driven by our partnership with about 31,000 rural distributors. Strengthening our portfolio with new innovation launches such as the Dual Flavoured Layer Cake and Triple Chocolate Croissants helped enhance the consumer palette, while the other existing in-market products continued to deliver healthy revenues. Our adjacent businesses such as Dairy Drinks, Croissant and Wafers witnessed double-digit growths, pushing our agenda of being a “Total Global Foods Company” forward.

We will closely monitor the commodity price inflation and implement targeted price increases for specific brands and categories, as needed. Our focus shall continue to be on driving market share while sustaining profitability.

We reaffirm our commitment to our ESG framework of People, Growth, Governance and Resources and shall continue to focus on our initiatives to build a Sustainable and Profitable business.”

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Packaged Foods company Britannia Industries announced Q2FY25 results

  • Consolidated Sales for Q2FY25 stands at Rs 4,566 crore, growing 4.5% over a 12-month period and Profit after Tax stands at Rs 531 crore, declining 9.6%.
  • For Q2FY25, consolidated Sales grew 10.6% while the Profit after Tax grew 5.1%.
  • For H1FY25, the Consolidated Sales grew 4.3% while the Profit after Tax declined 0.8% over H1FY24.

Varun Berry, Vice Chairman & Managing Director, said: “A ~8% volume growth with a sequential increase in revenue and operating profits are satisfactory results in the face of severe commodity inflation leading to a tepid consumer demand scenario in most FMCG categories.

In the context of steep rise in prices of key commodities such as Wheat, Palm, Cocoa etc, we demonstrated agility in initiating focused pricing actions and identifying new levers for cost optimization across the value-chain. As a result, we maintained a healthy operating margin of ~15.5% during the quarter. We are committed to investing in capability enhancement and brand development with the clear objective of driving market share and sustaining profits.

Our agenda of being a “Total Global Foods Company” is progressing well with our adjacent businesses such as Croissant, Milk Shakes, Wafers and International growing at a healthy pace. Making strides in this direction, we are working on redefining our distribution strategy to optimize range distribution and improve outlet servicing, and the preliminary results of the pilots across 25 cities covering more than 50,000 outlets are encouraging.

We reaffirm our commitment to our ESG framework of People, Growth, Governance and Resources and shall continue to focus on our initiatives to build a Sustainable and Profitable business.”

Result PDF

Packaged Foods company Britannia Industries announced Q1FY25 results:

  • Consolidated Sales for the Quarter ended 30th June 2024 stands at Rs 4,130 crore, growing 4.0% over last year
  • Net Profit (Before Exceptional Items) stands at Rs 524 crore, growing at 14.5%.

Commenting on the performance, Varun Berry, Vice Chairman & Managing Director, said: “We come out of a challenging financial year that witnessed consumption slowdown, particularly in Rural India. Our performance this quarter reflects the agile approach to a dynamic market environment and diligent market practices. We delivered a modest revenue growth of 4% during the quarter, driven by high single-digit volume growth, and improved operating margins over last year. Our market share progressed well as an outcome of sustained investments in Brands, Product excellence, and Innovation.

We continue to make positive strides in Rural as we expand distribution footprint and enhance product offerings to align with regional preferences, and well positioned to benefit from the consumption growth in Rural. As a result, rural market share grew at a faster clip than Urban. We are actively leveraging the rapidly growing Modern Trade and E-commerce channels, both growing handsomely compared to previous year. Additionally, we introduced the Pure Magic Stars and Golmaal variant during the quarter, which have contributed to heightened consumer excitement and strengthened our brand franchisee.

On Cost & Profitability front, we remain vigilant of the commodity price fluctuations & evolving geopolitical landscape. Our Cost Efficiency Program continues to yield operational savings, ensuring robust operating margins. We are committed to investing in capability enhancement and brand development while maintaining price competitiveness with the clear objective of driving market share and sustaining profits.

We reaffirm our commitment to our ESG framework of People, Growth, Governance and Resources and shall continue to focus on our initiatives to build a Sustainable and Profitable business.”

Result PDF

Packaged Foods company Britannia Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:
- Britannia's consolidated sales for the Q4FY24 stood at Rs 4,014 crore, marking a growth of 3.1% over the previous year.
- The operating profit for the same quarter was Rs 708 crore, which is 17.6% of sales.

FY24 Financial Highlights:
- For the FY24, consolidated revenue reached Rs 16,546 crore, showing a 3.5% increase from the prior year.
- The operating profit for the year grew by 10.1% to Rs 2,869 crore, which represents 17.3% of total sales.
- The Board of Directors has recommended a final dividend of 7350%, which equates to Rs 73.5 per share with a face value of Re. 1/- each.

Commenting on the performance, Varun Berry, Vice Chairman & Managing Director, said: “In a tepid consumption scenario, our performance this year signifies resilience and competitiveness. Over the past 24 months, we have achieved a strong 19% growth in revenue, accompanied by a notable 43% increase in operating profit. Our market share rebounded as the year progressed as a result of strategic pricing actions to maintain competitiveness and intensified investments in brands, supported by distribution expansion.

We significantly expanded our distribution network, reaching approximately 27.9 lakh outlets directly and added around 2000 rural distributors over the past year. Our focus states surpassed other regions in terms of growth, despite a generally subdued rural demand. We bolstered our abilities to capitalize on rapidly growing channels like Modern Trade and Ecommerce, both of which experienced double-digit growth compared to the previous year.

On Cost & Profitability front, we will stay vigilant of the commodity prices & evolving geopolitical landscape. Our Cost Efficiency Program continues to yield operational savings of ~2% of revenues, ensuring healthy operating margins. We will continue to invest behind our brands and stay price competitive with a clear objective of driving market share while sustaining profits.

We remain committed to the ESG framework of People, Growth, Governance and Resources to build a sustainable and profitable business.”

 

Result PDF

Packaged Foods company Britannia Industries announced Q3FY24 & 9MFY24 results:

Financial Performance Highlights
- Sales Growth: Britannia's consolidated sales for Q3FY24 grew by 2% YoY, reaching a total of Rs 4,192 crore.
- Operating Profit: The operating profit stood at Rs 743 crore, which indicates a healthy operating margin of 17.7%.
- Nine-Month Revenue and Profit: For 9MFY24, the consolidated revenue was Rs 12,532 crore, marking a growth of 3.6%. The operating profit for this period grew significantly by 15.6% to Rs 2,162 crore.

Business Strategy and Expansion
- Brand Investments: Britannia focused on capitalizing on its brand power and executed judicious price corrections to remain competitive and increase market share.
- Rural Market Expansion: The company expanded its presence in the rural market by partnering with over 29,000 rural distributors; focus states saw higher growth compared to other regions.
- New Product Offerings: The introduction of new products such as BeYou Bars, Makhanas, Jim Jam Pops, and unique cheese formats aimed at meeting consumer demand.

Varun Berry, Vice Chairman & Managing Director of Britannia Industries, commented on the quarter's performance, stating, “In a progressively recovering demand environment with heightened competition, our performance this quarter reflects our resilience and competitiveness. Over the last 24 months, we achieved a robust 19% growth in revenue, coupled with a commendable 52% increase in operating profit. We capitalized on the power of our brands with requisite investments, and actioned judicious price corrections, which helped us maintain competitiveness and gain market share.

We continued to expand our direct reach and accelerate our rural journey, partnering with more than 29,000 rural distributors during the quarter. As a result, our focus states outperformed other regions in terms of growth, despite a generally subdued rural demand. Our new offerings viz. BeYou Bars, Makhanas, Jim Jam Pops and unique cheese formats continued to excite & delight our consumers. Our international business performed extremely well with robust double-digit growths across key markets.

On Cost & Profitability front, we will stay vigilant of the commodity prices & evolving geopolitical situation. We will continue to invest behind our brands and stay price competitive with a clear objective of driving market share while sustaining profitability.

We remain committed to the ESG framework of People, Growth, Governance and Resources to build a sustainable and profitable business.”

 

 

 

Result PDF

Packaged Foods company Britannia Industries announced Q2FY24 results:

Sales Performance:
- Britannia's consolidated sales for Q2FY24 stood at Rs 4,370 crore, recording a growth of 1% compared to the previous year.
- The 24-month sales growth for Britannia is 23%.

Profit Growth:
- Britannia's operating profit for the quarter increased by 21% compared to the previous year, reaching Rs 801 crore.
- The 24-month operating profit growth for Britannia stands at an impressive 58%.

Product Innovation:
- Britannia introduced new products like Jim Jam Pops and 50-50 Golmaal, which performed well during the quarter.

Expansion in Rural Markets:
- Despite the reported rural slowdown, Britannia continued its expansion in rural distribution channels, recognizing the potential in these areas.

Digital Transformation:
- Britannia made significant progress in its digital journey, with digital marketing gaining momentum and leveraging digitalization to improve decision-making and distribution reach.

Technological Upgrades:
- Britannia successfully commercialized a new Greenfield factory in Bihar during the quarter, in addition to recent Greenfield additions in Uttar Pradesh and Tamil Nadu. This supports the company's goal of building technologically superior factories.

Competitive Pricing:
- To remain competitive, Britannia implemented strategic pricing corrections in some of its key brands and stock-keeping units (SKUs) after witnessing pricing activity by competitors in certain categories. This resulted in a recovery of market share.

Global Commodity Prices:
- Due to ongoing strife in the Middle East and Russia, global commodity prices remain volatile. Britannia is closely monitoring the situation and its potential impact on the business.

ESG Commitment:
- Britannia remains committed to its ESG (Environment, Social, and Governance) framework of People, Growth, Governance, and Resources. The company will continue to focus on initiatives to build a sustainable and profitable business.

Commenting on the performance, Varun Berry, Vice Chairman & Managing Director, said, “We delivered a good performance in a challenging environment on the back of 2 years of high inflation. Our innovation this quarter was led by Jim Jam Pops and 50-50 Golmaal, delivering a robust performance. We also launched differentiated cheese formats this quarter making focused inroads to retail shelves. Our potential in rural continues to remain high and hence, expansion in rural distribution continued despite reported rural slowdown. We have progressed well on our digital journey with digital marketing gaining momentum and leveraging digitalization to enhance decision-making & fine-tune distribution reach.

Our journey of building technologically superior factories progressed well with the commercialization of our new Greenfield in Bihar during the quarter, in addition to our recent greenfield additions in Uttar Pradesh and Tamil Nadu. With capacity and capability enhancements planned in Ranjangaon Food Park, we are well poised to further extract productivity and enhance competitiveness in these growing markets.

As the commodity started to soften this quarter, we have seen pricing activity by competition in certain categories. To ensure that we remain competitive, we took strategic pricing corrections in some of our key brands & SKUs. As a result, our market share recovered this quarter. With the ongoing strife in the Middle East & Russia, the global commodity prices remain volatile. We are being watchful of the situation and its impact on our business. Our strategy will remain focused on driving market share while sustaining profitability.

On the sustainability front, we stay committed to our ESG framework of People, Growth, Governance, and Resources and shall continue to focus on our initiatives to build a Sustainable Profitable business.”

 

Result PDF

Packaged Foods company Britannia Industries announced consolidated Q1FY24 results:

  • Sales for Q1FY24 grew 9% to Rs 3,970 crore
  • Operating Profit grew 37% to Rs 618 crore
  • Net Profit grew 36% to Rs 458 crore

Commenting on the performance, Varun Berry, Executive Vice Chairman & Managing Director, said: “We come out of a very successful financial year that witnessed economic recovery amidst unprecedented inflationary conditions. As market leaders, we led pricing actions to offset inflation & maintain profitability. However, in this quarter, commodity prices marginally softened & hence, the local competition intensified. In view of that situation, certain price corrections were initiated to remain competitive & continue to drive the topline while maintaining profitability.

In this context, we delivered healthy revenue growth of 9% on the back of robust distribution gains coupled with requisite investments in Brands. We continued to display diligent market practices and strong on-ground execution, which also reflects in our rural performance in an overall tepid rural demand. We delivered robust growth in our focus states as well. We launched Jim Jam Pops, which was the first of its kind open cream biscuit.

We have progressed well in our journey of building technologically superior factories. Our new Greenfields in Tamil Nadu & Uttar Pradesh were efficiently scaled up. With capacity and capability enhancements planned in Ranjangaon Food Park, we are well poised to further extract productivity and enhance competitiveness in these growing markets.

On the sustainability front, we stay committed to our ESG framework of People, Growth, Governance, and Resources and shall continue to focus on our initiatives to build a sustainable profitable business.”

 

 

Result PDF

Packaged Foods firm Britannia Industries announced Q4FY23 & FY23 results:

  • Consolidated Sales for the Q4FY23 grew 11% to Rs 3,892 crore, Operating Profit grew 47% to Rs 736 crore. and Net Profit grew 47% to Rs 559 crore.
  • Consolidated Sales for the full year ended FY23 grew 15% to Rs 15,985 crores, Operating Profit grew 30% to Rs 2,605 crores.
  • Net Profit (including exceptional item) grew 46% to Rs 3,033 crores.

Commenting on the performance, Mr. Varun Berry, Vice Chairman & Managing Director, said: “We delivered a robust growth of 11% in this quarter on the back of significant distribution gains, which reflects our execution strength across businesses & channels. We continued to accelerate our rural journey with focus on enhancing reach, partnering with 28,000 rural distributors, and sustaining our diligent market practices. Our brand & distribution strength also reflects in the consistent market share gains over the last 10 years. We supported our Brands & Innovations with the requisite investments in the digital & mass media space. We further expanded portfolio of few of our adjacent categories including Milk Shakes (in aseptic PET bottles) & Croissant.

We have progressed well in our journey of building technologically superior factories. In this context, I am pleased to announce commercialization of 2 Biscuit greenfield units in this quarter – in Uttar Pradesh & Tamil Nadu and brownfield expansion in Orissa. We also commercialized 3 new lines of Rusk this quarter. This is in line with our strategy to make in-house, our exclusive range of products, and further enhance productivity. We efficiently scaled-up the capacity of our drinks and other dairy lines to better leverage seasonal opportunities & enhance supplies to Bakery division for captive consumption.

On cost & profitability front, input prices softened on the back of correction in Palm Oil & Packaging materials, while Flour continued to trend higher. Our intensified cost efficiency program coupled with moderation in commodity inflation led to a healthy operating margin in this quarter. We are being vigilant of the competitive actions in the marketplace and closely monitoring the commodity situation in the country, especially around Wheat and Sugar. We shall deploy appropriate pricing actions to remain competitive and drive market share growth.

On sustainability front, we stay committed to our ESG framework of People, Growth, Governance and Resources and shall continue to focus on our initiatives to build a Sustainable Profitable business.”

 

 

Result PDF

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