Britannia Industries (BRITANNIA) Q1 25/26 earnings summary

Executive summary

• Revenue from operations for Q1 FY26 reached INR 4,535 crore, up 9.8% year-over-year, with strong growth in both urban and rural markets and significant gains in the Hindi belt states.

• Profit after tax was 11.5% of revenue, growing 3% year-over-year, with net profit at ₹520.13 crore.

• Premium product salience increased by 310 basis points, driven by innovation and marketing.

• Market share improved in 5 out of 7 regions, with temporary share loss in the East due to distribution restructuring.

• The Board reviewed and approved the results on 5 August 2025.

Financial highlights

• Consolidated revenue for Q1 FY26 was INR 4,535 crore, with total income at ₹4,679.23 crore.

• Profit before tax was ₹701.02 crore, up 2.9% year-over-year, and profit after tax (owner's share) was ₹521 crore.

• Profit from operations margin was 14.9% in Q1'26, down from 16.4% the previous year.

• SAR revaluation impacted profit by INR 52 crore; excluding this, bottom line growth would have been 13%.

• Earnings per share for the quarter were ₹21.62, compared to ₹20.99 in Q1 FY25.

Outlook and guidance

• Focus on sustaining or improving operating margins, driving core category consumption, and scaling up innovations.

• Monitoring policy, commodity price impacts, and competitive landscape.

• CapEx for FY26 to be tightly managed at INR 100 crore.