The company had posted a net profit of Rs 531.55 crore in the July–September quarter a year earlier, according to a regulatory filing by Britannia Industries. Revenue from the sale of products increased 4% year-on-year to Rs 4,752.17 crore, while revenue from operations rose 3.7% to Rs 4,840.63 crore from Rs 4,667.57 crore in the corresponding quarter last year. Total expenses remained largely flat at Rs 4,005.84 crore in the second quarter of FY26.
Total income, including other income, grew 3.8% to Rs 4,892.74 crore in the September quarter. For the first half (H1) of FY26, Britannia’s total income increased 6.12% to Rs 9,571.97 crore.
Commenting on the results, Varun Berry, Executive Vice-Chairman, Managing Director & Chief Executive Officer, said, “The recent GST rate rationalisation announced by the government is a welcome step towards stimulating consumer demand and uplifting overall economic sentiment. However, transitional challenges arising from the GST-related changes in supply chain, trade, and channels had a short-term impact on business during the latter part of the quarter, which is expected to normalise progressively in the coming quarter.”
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Looking ahead, Berry said the company aims to drive volume-led growth by strengthening its presence across geographies through regional, consumer-centric products, distribution strategies, and price competitiveness, while leveraging its brand strength to maintain leadership amid growing competition from local players across states and regions.
Separately, the company said its Board of Directors, at its meeting held on 5 November 2025, approved the appointment of Mr Rakshit Hargave as Additional Whole-Time Director and Chief Executive Officer, designated as Executive Director and CEO, for a term of five years, subject to shareholders’ approval. His appointment will be effective 15 December 2025, the date of his joining the company.
Following Q2, Nuvama maintained a ‘BUY’ rating on Britannia Industries with a target price of Rs 6,970, implying an upside of 18% from current market levels.
At about 9:45 am, shares of the company were trading at Rs 6,097, higher by 3.5% from the last close on the NSE. Britannia Industries shares are up 27% on a year-to-date basis.
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