Britannia Q2 Results: Net profit up 10% on 13% volume growth, higher sales; beats estimates

Leading biscuit maker Britannia Industries Ltd on Thursday (November 5) reported a 10.1% year-on-year (YoY) increase in net profit to ₹721 crore for the second quarter, compared with ₹655 crore in the corresponding period last year.

Revenue rose 15.6% to ₹5,598 crore from ₹4,841 crore a year ago.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 6.9% to ₹1,021 crore, compared with ₹955 crore in the year-ago quarter. EBITDA margin, however, contracted to 18.2% from 19.7% in the corresponding quarter last year.

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Against the CNBC-TV18 poll, Britannia's net profit came in above the estimate of ₹715 crore, while revenue exceeded the projected ₹5,448 crore. EBITDA was marginally higher than the poll estimate of ₹1,019 crore, while EBITDA margin missed the forecast of 18.7%.

Britannia Industries reported a 16.6% year-on-year (YoY) growth in consolidated sales to ₹5,542 crore for the quarter ended September 30, 2026, driven by volume growth of 13%. For the six months ended September 30, 2026, consolidated sales rose 13.1% YoY to ₹10,506 crore, led by volume growth of 11%. Net profit for the period increased 12.3% to ₹1,319 crore.

Rakshit Hargave, Chief Executive Officer & Managing Director, said, "We sustained strong top-line momentum during the quarter, delivering a healthy double-digit volume and value growth that was broad-based across channels and key states. Our Bakery and adjacency portfolio – alongside the International business, registered strong acceleration complementing the Biscuit growth.

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Sequentially, we witnessed strong quarter-on-quarter momentum, clocking a 12% top-line and 22% bottom-line growth. Our brand investments remained focused on driving consumer relevance through cultural and digital-first campaigns.

Our festive-led activations — such as the Bourbon collaboration for Ganesh Chaturthi and the 50-50 Cheeze Dipped campaign for Onam — unlocked deep regional affinity, ably supported by our efficient on-ground execution across "Many Indias", while targeted moment marketing and platform-specific activations on brands like Little Hearts, Winkin’ Cow, and NutriChoice deepened connections across diverse consumer cohorts.

We remain watchful of the inflationary pressures while staying agile in our actions to drive sustainable, profitable growth accentuated by strong execution, innovations and disciplined cost efficiency.”

Shares of Britannia Industries Ltd ended at ₹5,000.00, up by ₹83.40, or 1.70%, on the BSE.

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