Britannia Industries Reports 30% Surge in Q2 Net Profit, Revenue Grows 4%

Britannia Industries , a leading food products company in India, has reported a robust financial performance for the second quarter of the fiscal year 2025-26. The company's consolidated net profit jumped 30% year-on-year to ₹589.95 crore, showcasing strong bottom-line growth.

Revenue Growth and Financial Highlights

For the quarter ended September 30, 2025, Britannia Industries recorded:

Revenue from operations of ₹4,594.74 crore, a 4.1% increase
Consolidated net profit of ₹589.95 crore, up from ₹458.27 crore in the same quarter last year

The half-year performance was equally impressive:

Revenue from operations reached ₹8,794.25 crore
Consolidated net profit stood at ₹1,148.22 crore

Management Commentary

Mr. Varun Berry, Executive Vice-Chairman, Managing Director & Chief Executive Officer, commented on the performance: "Our Revenue during the quarter registered a reasonable growth of 4.1% with the profits growing by 23.2%, driven by relatively stable commodity prices and sustained efforts to optimise costs across the value chain."

He also noted the impact of recent GST rate rationalization: "The recent GST rate rationalization announced by the Government is a welcome step towards stimulating consumer demand and uplifting the overall economic sentiment in the country."

Product Performance and Strategy

Despite transitionary headwinds, Britannia's adjacent bakery categories showed strong performance:

Rusk, Wafers, and Croissants continued to deliver double-digit growth
E-commerce channel showed strong momentum, aiding in-home consumption of indulgent and impulse products

Looking ahead, Mr. Berry stated, "We aim to drive the business through healthy volume-led growth as we continue to strengthen our presence across different geographies with regional-consumer centric product and distribution strategies."

Corporate Governance Update

The Board of Directors has approved the appointment of Mr. Rakshit Hargave as an Additional Whole-Time Director and Chief Executive Officer, designated as Executive Director and Chief Executive Officer of the Company for a term of 5 years, effective from December 15, 2025, subject to shareholder approval.

Financial Position

As of September 30, 2025, Britannia Industries' balance sheet showed:

Particulars	Amount (₹ in Crore)
Total Assets	9,449.90
Total Equity	3,759.26
Non-current Liabilities	770.61
Current Liabilities	4,920.03

The company maintains a strong financial position with a healthy mix of equity and liabilities.

Britannia Industries continues to demonstrate resilience and growth in a competitive market environment. The company's focus on product innovation, cost optimization, and strategic expansion appears to be yielding positive results, as reflected in its Q2 FY2026 performance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.24%	+0.54%	-1.97%	+9.96%	+4.75%	+69.78%

Britannia Industries , a leading Indian food company, has announced a significant change in its top leadership. The company's Board of Directors has approved the appointment of Rakshit Hargave as the new Chief Executive Officer (CEO), effective from December 15, 2025. This strategic move comes as part of Britannia's efforts to strengthen its executive team and drive future growth.

Key Details of the Appointment

Aspect	Details
Name	Rakshit Hargave
Position	Additional Whole-Time Director and Chief Executive Officer
Designation	Executive Director and Chief Executive Officer
Term	5 years
Effective Date	December 15, 2025
Approval Status	Subject to shareholder approval

Leadership Transition

Hargave's appointment follows the departure of Rajneet Singh Kohli in March 2025. Since then, Varun Berry, the Managing Director and Chairman of Britannia Industries, has been serving as the interim CEO. With Hargave's induction, Berry will continue in his role as Managing Director and Chairman, with the new CEO reporting directly to him.

Rakshit Hargave's Professional Background

Hargave brings a wealth of experience in the consumer industry, both in India and internationally. His career highlights include:

CEO of Birla Opus, the paints venture of Aditya Birla Group
Head of operations for Beiersdorf (makers of NIVEA) in ASEAN and ANZ regions
Head of Africa operations and Managing Director of Nivea India
Sales and Marketing Director at Hindustan Unilever
Chief Operating Officer at Lakme Lever
Successful launch of Domino's Pizza 30-minute delivery guarantee model at Jubilant Foodworks

Educational Background

Degree	Institution
MBA	Faculty of Management Studies, Delhi
B.Tech in Electrical Engineering	Indian Institute of Technology, Varanasi

Hargave has also been recognized with the Distinguished Young Alumni Award from IIT Varanasi.

Implications for Britannia Industries

The appointment of Rakshit Hargave as CEO is a strategic move for Britannia Industries. His extensive experience in the consumer goods sector, coupled with his track record of successful leadership in various multinational companies, positions him well to lead Britannia's next phase of growth and innovation.

As Britannia Industries prepares for this leadership transition, shareholders will have the opportunity to approve Hargave's appointment through a postal ballot, details of which will be circulated in due course.

The company's decision to bring in a leader with diverse industry experience signals its commitment to maintaining its competitive edge in the fast-evolving consumer goods market. Stakeholders will be keenly watching how Hargave's leadership will shape Britannia's strategies and market position in the coming years.