Britannia Industries Limited has appointed Sonny Iqbal as an Additional Non-Executive Independent Director, effective August 8, 2026. The Board of Directors made the appointment during its meeting on August 6, 2026, based on the recommendation of the Nomination and Remuneration Committee. This addition to the Board strengthens the company’s governance structure with an expert in leadership development and family enterprise advisory, bringing decades of global consulting experience to the consumer goods firm.

The Board has recommended Iqbal’s appointment as a Non-Executive Independent Director for a term of five consecutive years, from August 8, 2026, to August 7, 2031. This recommendation is subject to the approval of the Members of the Company. Britannia will circulate a Notice of the Postal Ballot in due course to seek this shareholder approval, which will subsequently be filed with the Stock Exchanges.

The appointment was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015. The disclosure also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Additionally, the company confirmed compliance with BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24, both dated June 20, 2018.

Sonny Iqbal (DIN: 02962053) is a global expert in Leadership Development, Organization Consulting, and Family Enterprise Advisory. He spent 27 years at Egon Zehnder, where he helped establish offices in New Delhi, Bengaluru, and Mumbai, and continues his association with the firm as a Senior Advisor. At Egon Zehnder, he co-founded and co-led the global Family Business Advisory Practice, guiding multigenerational enterprises through succession, founder transition, governance structures, and professionalization.

His work with the practice has been published in several papers, including six articles in the Harvard Business Review. He also served as Chair of the firm’s Partner Candidate Evaluation Group and as a member of its Nomination Committee. Prior to Egon Zehnder, Iqbal held key positions with the Oberoi Group across India, the United Kingdom, and the Middle East, and managed the financial and travel services business of American Express in India. He currently serves as a Senior Advisor at ChrysCapital, one of India’s largest private equity firms.

Iqbal holds a BA (Hons) from St. Stephen's College, University of Delhi, an MBA in Marketing from the University of Surrey, UK, and a Postgraduate Diploma from the Oberoi Centre of Learning and Development. The filing confirms that Mr. Sonny Iqbal is not related to any of the Directors of the Company and is not debarred from holding the office of Director by virtue of any order of SEBI or any other authority.

Appointment Details

Britannia Industries reported a consolidated net profit of ₹593.38 crore for the quarter ended 30 June 2026, marking an increase from ₹520.13 crore recorded in the corresponding quarter of the previous year. Total consolidated revenue from operations rose to ₹4,999.97 crore, compared to ₹4,622.22 crore in the year-ago period. EBITDA for the quarter came in at ₹8.66B rupees versus ₹7.57B in the year-ago period, with the EBITDA margin expanding to 17.33% from 16.38% YoY. The Board of Directors approved the unaudited consolidated and standalone financial results on 6 August 2026, with statutory auditors Walker Chandiok & Co LLP issuing an unmodified limited review report on the same.

Consolidated Financial Performance

Britannia Industries delivered a steady improvement in its consolidated financials. Total income, including other income of ₹61.41 crore, stood at ₹5,061.38 crore for the quarter, up from ₹4,679.23 crore in the prior year quarter. Profit before tax came in at ₹797.35 crore versus ₹701.02 crore in the year-ago quarter. Total comprehensive income for the quarter was ₹599.20 crore, compared to ₹521.10 crore in the same period last year.

The following table summarises the key consolidated financial metrics:

EBITDA and Margin Performance

Britannia's operational profitability showed meaningful improvement on a year-on-year basis. EBITDA for the quarter stood at ₹8.66B rupees, compared to ₹7.57B in the corresponding period of the previous year, against an estimate of ₹8.7B. The EBITDA margin expanded to 17.33% from 16.38% in the year-ago quarter, versus an estimate of 17.4%. Revenue for the quarter came in at ₹50B rupees compared to ₹46.22B in the prior year period, against an estimate of ₹49.94B. Consolidated net profit was ₹5.91B rupees versus ₹5.21B in the year-ago quarter, against an estimate of ₹6.06B.

Consolidated Expense Breakdown

On the cost side, total consolidated expenses for the quarter stood at ₹4,262.24 crore, compared to ₹3,973.36 crore in the year-ago quarter. Cost of materials consumed was the largest expense component at ₹2,799.56 crore, up from ₹2,550.87 crore a year ago. Other expenses rose to ₹1,025.31 crore from ₹864.21 crore in the year-ago quarter. Employee benefits expense was ₹209.60 crore versus ₹241.86 crore in the prior year quarter, while depreciation and amortisation expense stood at ₹79.51 crore. Finance costs for the quarter were ₹22.87 crore.

Standalone Financial Performance

On a standalone basis, Britannia Industries posted net profit of ₹576.38 crore for the quarter ended 30 June 2026, compared to ₹498.27 crore in the year-ago quarter. Standalone total revenue from operations grew to ₹4,833.50 crore from ₹4,452.74 crore in the prior year quarter. Profit before tax on a standalone basis was ₹778.90 crore, up from ₹674.20 crore in the corresponding quarter of the previous year. Total standalone comprehensive income for the quarter stood at ₹576.38 crore versus ₹498.27 crore a year ago.

Key Notes and Regulatory Disclosures

Several notable items were disclosed alongside the quarterly results. The Government of India notified the New Labour Codes with effect from 21 November 2025, consolidating multiple existing labour legislations into a unified framework. As a result of the unified definition of "Wages" introduced under these codes, the Group recognised ₹48.56 crore as past service cost during the year ended 31 March 2026 towards increased liability for gratuity and compensated absences; the standalone entity recognised ₹46.46 crore on the same account. Additionally, consequent to receipt of approval from one of the State Governments, an amount of ₹45.72 crore relating to the period April 2024 to September 2025 was recognised as fiscal incentive income during the year ended 31 March 2026. Current tax for the quarter and year ended 31 March 2026 included a reversal of provision (net) of ₹95.39 crore pursuant to receipt of certain favourable orders relating to income tax litigations of past years.

The operating segment of the Group is identified as "Foods", as the Chief Operating Decision Maker reviews business performance at an overall Group level as one segment. The unaudited consolidated and standalone financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors on 6 August 2026. The results were prepared in accordance with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013, and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.