The Board of Directors of Britannia Industries Limited, at their meeting held on May 7, 2026, approved two key changes in senior management personnel. The decisions, made on the recommendation of the Nomination and Remuneration Committee, were disclosed to the stock exchanges pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015. The Board Meeting commenced at 3:30 P.M. IST and concluded at 7:15 P.M. IST.

Senior Management Changes at a Glance

The two appointments reflect changes across domestic sales leadership and international business operations. The following table summarises the key details of both changes:

Rahul Mahajan Elevated to Vice President – Sales

Mr. Rahul Mahajan has been elevated to the position of Vice President – Sales with effect from April 1, 2026. He brings over 22 years of extensive experience in the FMCG sector across Sales, Distribution, and Channel Management. Mr. Mahajan has been associated with Britannia Industries Limited for over 3 years, serving as National Sales Head – General Trade.

Prior to joining Britannia Industries Limited, Mr. Mahajan held leadership roles at several prominent organisations:

• Marico Limited
• L'Oréal India
• Mondelez International
• Bharti Airtel Limited
• Bharti Teletech Limited
• JSW Dulux Limited (formerly known as Akzo Nobel India Limited)

Mr. Mahajan holds a Postgraduate Diploma in Management (PGDBM) from Management Development Institute, Gurgaon, and a Bachelor's Degree in Chemical Engineering from Thapar Institute of Engineering & Technology.

Chitwan Singh Appointed Chief Business Officer – International Business

Mr. Chitwan Singh has been appointed as Chief Business Officer – International Business with effect from June 15, 2026. He brings over 25 years of global experience in the FMCG sector across the United States, Africa, and India, with extensive leadership exposure in Food, Personal Care, Beauty, and Home Care categories, including CEO-level roles.

Mr. Singh has held leadership roles at Godrej Consumer Products Limited (GCPL), Olam International Limited, and Britannia Industries Limited. At GCPL, he served in multiple CEO roles, including CEO & Managing Director – North America & Nigeria and CEO – West Africa. Prior to that, he led the Packaged Foods Business at Olam International in the South Africa and Ghana Cluster, West Africa, and earlier spent over a decade at Britannia Industries Limited in various Sales and Marketing leadership roles.

Mr. Singh holds a Postgraduate Diploma in Management (PGDBM) from S.P. Jain Institute of Management & Research, Mumbai, and a Bachelor's Degree in Mechanical Engineering from Delhi College of Engineering.

Regulatory Disclosure

The intimation was filed by Sona Rajora, Company Secretary & Compliance Officer of Britannia Industries Limited, in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Both appointments are on a full-time employment basis.

Britannia Industries Limited reported strong financial results for the quarter and full year ended March 31, 2026, with consolidated sales growing 7.1% and net profit rising 21.6% year-on-year for Q4FY26. The Board of Directors, at its meeting held on May 7, 2026, approved the audited consolidated and standalone financial results and recommended a final dividend of ₹90.50 per equity share of face value of ₹1 each for the financial year ended March 31, 2026, subject to approval of members at the ensuing 107th Annual General Meeting. The statutory auditors, M/s. Walker Chandiok & Co LLP, issued unmodified audit reports for both consolidated and standalone results.

Q4FY26 and FY26 Financial Highlights

For the quarter ended March 31, 2026, consolidated sale of goods stood at ₹4,685.95 Crores, while total revenue from operations reached ₹4,718.92 Crores and net profit came in at ₹679.68 Crores. Q4FY26 EBITDA stood at ₹8.7B versus ₹8B in the same quarter last year, with EBITDA margin improving to 18.54% from 18.06% year-on-year. For the full year ended March 31, 2026, consolidated sale of goods grew to ₹18,858.21 Crores, total revenue from operations reached ₹19,151.59 Crores, and net profit climbed to ₹2,537.01 Crores. The following table summarises the key consolidated financial metrics:

Standalone Financial Performance

On a standalone basis, Britannia reported total revenue from operations of ₹4,553.04 Crores for Q4FY26 and ₹18,445.82 Crores for FY26. Standalone net profit for the quarter stood at ₹685.47 Crores and ₹2,561.72 Crores for the full year. The table below presents key standalone metrics:

Balance Sheet and Cash Flow Highlights

On a consolidated basis, total assets stood at ₹9,731.94 Crores as at March 31, 2026, compared to ₹8,838.55 Crores a year earlier. Total equity increased to ₹5,135.88 Crores from ₹4,381.32 Crores, with other equity at ₹5,082.47 Crores. Non-current borrowings declined significantly to ₹286.11 Crores from ₹712.94 Crores. Net cash generated from operating activities for the year was ₹2,611.60 Crores, while net cash used in investing activities was ₹757.27 Crores and net cash used in financing activities was ₹1,782.62 Crores. Cash and cash equivalents at the end of the year (net of bank overdraft) stood at ₹212.84 Crores.

On a standalone basis, total assets stood at ₹8,940.44 Crores as at March 31, 2026, compared to ₹8,019.72 Crores a year earlier. Total standalone equity increased to ₹4,641.23 Crores from ₹3,886.55 Crores, with other equity at ₹4,617.14 Crores. Standalone non-current borrowings declined to ₹285.83 Crores from ₹712.50 Crores. Net cash generated from standalone operating activities for the year was ₹2,546.74 Crores, while net cash used in standalone investing activities was ₹782.24 Crores and net cash used in standalone financing activities was ₹1,781.90 Crores. Standalone cash and cash equivalents at the end of the year stood at ₹20.79 Crores.

Corporate Actions and AGM Details

The Board approved the convening of the 107th Annual General Meeting on Friday, August 7, 2026, through Video Conferencing/Other Audio Visual Means. The Register of Members will be closed from Saturday, August 1, 2026 to Friday, August 7, 2026 (both days inclusive) for the purpose of the AGM and determining entitlement to the final dividend. The Record Date for the AGM and final dividend is Friday, July 31, 2026. Additionally, the current tax for the quarter and year ended March 31, 2026 includes a reversal of provision (net) of ₹95.39 Crores pursuant to receipt of certain favourable orders relating to income tax litigations of past years.

Regulatory and Accounting Notes

Consequent to receipt of approval from one of the State Governments, an amount of ₹45.72 Crores relating to the period April 2024 to September 2025 was recognised as fiscal incentive income during the quarter ended December 31, 2025 and year ended March 31, 2026. The Government of India notified the New Labour Codes with effect from November 21, 2025, which provide a unified definition of "Wages" across various employee benefit computations. As a result, the Group recognised a past service cost of ₹48.56 Crores (consolidated) and ₹46.46 Crores (standalone) during the quarter ended December 31, 2025 and year ended March 31, 2026 towards increased liability for gratuity and compensated absences. The exceptional item for the year ended March 31, 2025 included ₹18.51 Crores towards own workers under a Voluntary Retirement Scheme and ₹6.28 Crores towards contract labourers at one of the Company's factories.

Management Commentary

Commenting on the performance, Mr. Rakshit Hargave, Managing Director & Chief Executive Officer, noted that the business witnessed a steady start to the quarter, with growth of approximately 9% in the first two months, before moderating in March primarily on account of supply disruptions in the International Business following the West Asia conflict. Over the year, Britannia made significant strides in scaling its presence in the e-commerce channel, which now contributes approximately 6% to the Domestic business, driven by e-commerce-first launches and a premium mix of offerings. Adjacent categories including Croissant and Wafers continued their strong momentum, while flagship brands such as Little Hearts and Jim Jam recorded robust double-digit growth. Recent innovations including 50-50 Dipped and 'Doodh' Marie Gold have been well received and are gaining strong consumer traction. Mr. Hargave stated that the company has already initiated steps to mitigate any potential implications on the business, including input cost inflation arising out of the ongoing conflict, and remains watchful of evolving developments. The company will continue to focus on driving growth across core and adjacent categories through a robust pipeline of innovations, agile execution, and higher investment in advertising and brands.