Britannia Industries delivered a robust financial performance for the year ended March 31, 2026, with consolidated net sales rising 7.5% to Rs 18,858 crore and profit after tax (PAT, owner's share) increasing 16.3% to Rs 2,533 crore. On an audited consolidated basis, total revenue from operations grew 6.7% to ₹19,151.59 crore, while PAT rose 16.3% to ₹2,537.01 crore. For the fourth quarter, consolidated net sales grew 7.1% year-on-year to Rs 4,686 crore, with PAT (owner's share) surging 21.1% to Rs 678 crore. The Board of Directors has recommended a final dividend of ₹90.50 per equity share of face value ₹1 each for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing 107th Annual General Meeting (AGM). The audited results were reviewed and approved by the Audit Committee and the Board of Directors on May 7, 2026, with an unmodified audit opinion issued by statutory auditors M/s. Walker Chandiok & Co LLP.

Audited Consolidated Financial Results

The company's audited consolidated results for the full year underscore a sustained growth trajectory. The following table presents the key consolidated financial metrics:

Q4 FY26 Consolidated Performance

In the quarter ended March 31, 2026, the company recorded total revenue from operations of ₹4,718.92 crore, up from ₹4,432.19 crore in the corresponding quarter of the previous year. The net profit after tax for the quarter increased to ₹679.68 crore from ₹559.13 crore in Q4 FY25. Total comprehensive income for the quarter stood at ₹690.41 crore compared to ₹556.30 crore in the year-ago period. The analyst presentation further highlighted key financial line items for the quarter on a consolidated basis:

The analyst presentation also provided a multi-year view of profitability margins on a consolidated basis:

Standalone Financial Results

On a standalone basis, Britannia reported total revenue from operations of ₹18,445.82 crore for FY26, compared to ₹17,295.92 crore in FY25. Standalone net profit after tax for the full year stood at ₹2,561.72 crore versus ₹2,130.72 crore in the prior year. For Q4 FY26, standalone revenue from operations was ₹4,553.04 crore and net profit after tax was ₹685.47 crore, compared to ₹4,282.51 crore and ₹557.10 crore respectively in Q4 FY25. Standalone basic EPS for FY26 was ₹106.35 versus ₹88.46 in FY25.

Cash Flow and Key Financial Notes

On a consolidated basis, net cash generated from operating activities for FY26 was ₹2,611.60 crore, compared to ₹2,490.62 crore in FY25. Net cash used in investing activities was ₹757.27 crore, while net cash used in financing activities was ₹1,782.62 crore. Cash and cash equivalents at the end of the year (net of bank overdraft) stood at ₹212.84 crore versus ₹125.24 crore at the start of the year. On a standalone basis, net cash generated from operating activities was ₹2,546.74 crore, with cash and cash equivalents at the end of the year at ₹20.79 crore.

Several notable items impacted the reported financials. Current tax for the quarter and year ended March 31, 2026 includes a reversal of provision (net) of ₹95.39 crore pursuant to receipt of certain favourable orders relating to income tax litigations of past years. Additionally, ₹45.72 crore relating to the period April 2024 to September 2025 was recognised as fiscal incentive income following state government approval. The Government of India notified the New Labour Codes with effect from November 21, 2025; as a result, the Group recognised ₹48.56 crore (consolidated) and ₹46.46 crore (standalone) as past service cost towards increased liability of gratuity and compensated absences.

Commodity Price Trends

The analyst presentation highlighted key commodity price movements relevant to the company's input cost structure. Flour prices declined 6% versus Q4 FY25 and 4% versus Q3 FY26, standing at 1.1x of the base reference period. Refined palm oil fell 12% versus Q4 FY25, though it rose 4% sequentially, at 1.2x. Cocoa saw a significant decline of 16% versus Q4 FY25 and 9% versus Q3 FY26, at 1.7x. Sugar edged up 5% versus Q4 FY25 but declined 1% sequentially, at 1.1x. Laminate prices fell 7% versus Q4 FY25 and 4% sequentially, at 0.9x. Milk rose 17% versus Q4 FY25 and 3% sequentially, at 1.0x. The company noted that strategic covers enabled input costs to remain below prevailing market prices.

Strategic Highlights and Business Performance

The analyst presentation outlined five strategic priorities: efficiencies in sales, distribution and supply chain; elevating brand experiences and investments; driving innovation, adjacencies and future platforms; winning in "Many Indias"; and sustainability. On the e-commerce front, the channel's salience in the domestic business grew from 2% in 2021-22 to 6% in 2025-26, with adjacencies growing at 2.7x relative to biscuits within the channel. The company noted that 50-50 Cheeze & Caramel Dipped became the second biggest player within the sandwich cracker category within three months of launch. Signature brands including Treat Croissants, Little Hearts, and Jimjam outpaced growth versus other products by approximately 3x in 2025-26. In adjacency businesses, wafers continued growing at healthy double-digit rates; cake and rusk e-commerce drove growth at approximately 1.4x of biscuits; and the dairy business delivered double-digit growth, fuelled by ghee. The company also reported the highest cost reduction across verticals in 2025-26, achieving a 10x cost reduction multiplier compared to 1x in 2013-14.

West Asia Conflict Impact

The presentation flagged that international business revenues and profitability were impacted during Q4 FY26 owing to vessel unavailability, slowdown in demand, and significant increases in fuel costs and ocean freight rates. There was no material disruption to production operations at India manufacturing facilities on account of industrial fuel supply constraints. Mitigation measures include initiating calibrated price increases from Q1 FY27, optimising sourcing between India and international manufacturing facilities for key geographies (expected to be fully operational by mid-May), and accelerating cost optimisation and efficiency initiatives across the business.

ESG Progress

On sustainability, the company reported approximately 7% reduction in specific water consumption, approximately 1% increase in women factory workforce, approximately 67% increase in Britannia Nutrition Foundation (BNF) beneficiaries, and approximately 14% increase in renewable electricity share in own plants, all measured over 2024-25.

Dividend, AGM, and Investor Relations

The Board has recommended a final dividend of ₹90.50 per equity share of face value ₹1 each for FY26. The 107th AGM has been scheduled for August 7, 2026, to be held through Video Conferencing/Other Audio Visual Means. The Register of Members will be closed from August 1, 2026 to August 7, 2026 (both days inclusive), with the record date for the AGM and final dividend fixed at July 31, 2026. Pursuant to Regulation 30 read with Clause 15 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, Britannia Industries filed the investor/analyst conference call presentation and audio recording pertaining to Q4 and FY26 results with BSE and NSE. The conference call was held on May 8, 2026 at 10:00 A.M. IST. The transcript of the call is to be disseminated to the stock exchanges and hosted on the company's website within the prescribed timelines as per the SEBI Listing Regulations, 2015.

Source: None/Company/INE216A01030/f8510eedb3054400.pdf

Britannia Industries Limited has informed the stock exchanges of a scheduled virtual one-to-one meet with an Institutional Investor, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was filed on May 8, 2026, by Company Secretary & Compliance Officer Sona Rajora.

Meeting Details

The key details of the scheduled investor interaction are outlined below:

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 read with Clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Britannia Industries has explicitly stated that no Unpublished Price Sensitive Information (UPSI) will be shared by the company during the course of the meet, reaffirming its commitment to regulatory compliance and fair disclosure norms.