Leading fastmoving consumer goods (FMCG) companies expect volumedriven growth to take centre stage in the next fiscal year, supported by easing inflation and stable commodity prices that have begun to ease pressure on margins. In the December quarter, leading FMCG companies reported mid- to high single-digit volume growth. On their latest earnings calls, the industry captains said the operating environment is turning more favourable after several quarters of volatility. Key inputs such as edible oils, wheat, copra and surfactants softened, and with macroeconomic tailwinds including GST rationalisation, higher MSPs and a healthy crop season, FMCG makers anticipate sustained demand recovery. Most players have already taken calibrated price hikes earlier in the fiscal year and now expect growth to be led by volumes rather than pricing. Some companies indicated they may pass on some benefits of lower input costs to consumers through offers, increased grammage or selective discounts, ev
For Q4, the brokerage expects Marico to lead the HPC segment with around 20 per cent sales growth, followed by 9-10 per cent growth for Dabur India and Godrej Consumer Products
Om Mehra, tech analyst at SAMCO Securities explains that Britannia is trading in a well-defined rectangular range, or more precisely, a Darvas Box repeatedly finding support near the lower boundary.
Bakery company Britannia Industries will invest to fight the "regional competition" against small players and in e-commerce to become stronger in product categories like biscuits, rusk, cake, croissants and wafers. As part of its strategy, Britannia will have a "startup mentality" to compete with small players having influence in small pockets, said Managing Director & Chief Executive Officer Rakshit Hargave. "We are going to be fighting regional competition, we are going to be investing in e-commerce, yes, that will require more funds. We are committed to invest that. We believe that the opportunity for us to drive topline better is definitely there," said Hargave in an investors' call. He stressed that driving topline growth was critical to expanding Britannia's consumer base across its portfolio of brands, and the company would take a "pragmatic view" of balancing ambition with resources. Britannia, which owns popular brands such as Good Day, Tiger, NutriChoice and MarieGold, .
Britannia Industries shares rise after Q3FY26 earnings beat with strong margin expansion. Nomura raises target to ₹7,275; MOFSL, JM Financial, ICICI Securities remain bullish on stock
As a strategy, Gaurang Shah, head investment strategist at Geojit Investments remains selectively bullish on the FMCG stocks on the back of a likely improvement in semi-urban and rural demand.
The buying on the counter came after Britannia released its Q3FY26 numbers on Tuesday, after market hours.
Stocks to watch today, Wednesday, February 11, 2026: Apollo Hospitals Enterprises, Britannia Industries, Bharat Heavy Electricals, Tata Motors shares are likely to be in focus on Wednesday.
Britannia Industries reported a 16.9% rise in consolidated net profit for Q3FY26, aided by strong momentum in biscuits and adjacent categories amid a stable commodity environment
Britannia Industries reported a 16.9 per cent rise in Q3FY26 profit to ₹679.96 crore and a 9.5 per cent jump in revenue. It also recorded a past service cost of ₹48.56 crore
Q3FY26 company results: Firms including Britannia, Apollo Hospitals Enterprise, Jubilant FoodWorks, Escorts Kubota and Oil India are also to release their October-December earnings today
Britannia Q3 results preview: Brokerages tracked by Business Standard estimate Britannia's net profit to average ₹687 crore, compared to ₹581.7 crore a year ago, up 18 per cent year-on-year (Y-o-Y)
In the latest note on the consumer goods sector, Emkay analysts Nitin Gupta and Mohit Dodeja estimated revenue growth of around 6% Y-o-Y & Ebitda growth of about 7% for listed FMCG players in Q3.
The copies were being sold online under the name 'Little Hearts' and looked very similar to Britannia's original product
The FMCG space continues to witness a mixed trend, with Britannia emerging as a relative outperformer, gradually trending higher over the past nine months.
Nomura sees GCPL, Tata Consumer, Marico, and Britannia as the key near-term winners of the commodity downcycle.
Britannia stock can be under pressure considering Berry's long and successful stint and his sudden exit (without notice period) despite the time gap before the new CEO joins, believe analysts.
Stocks to Watch today: Vodafone Idea, Bajaj Finance, Emami, Ather Energy, Britannia Industries and Glenmark Pharma are among the stocks to watch today, November 11, 2025
Britannia Industries vice-chairman and MD Varun Berry has stepped down after over a decade at the company. CFO N. Venkataraman will serve as interim CEO until successor Rakshit Hargave takes charge
Berry, who was serving as the Executive Vice-Chairman and MD at Britannia, also got re-designated as the CEO in May following Rajneet Kohli's resignation in March