The buying on the counter came after Britannia released its Q3FY26 numbers on Tuesday, after market hours.
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
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)
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.
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
The management change comes as consumer goods makers in India are navigating period of tax rate cuts and shifting demand trends, adding pressure to protect margins and sustain growth
Heavy rains in Q2FY26 adversely affected seasonal categories such as carbonated drinks, ready-to-drink juices, beer, ice creams, and hair/skin summer care products.
With competition from regional players intensifying, Britannia Industries is taking a localised approach of looking "at India not just as one country but as many countries within" to stay ahead of rivals and scale up the strategy going forward, according to Vice Chairman & Managing Director Varun Berry. Britannia, maker of Good Day, Marie Gold, and Tiger biscuits, would not go for a price war; it would leverage its brand strength, execution, and network of 70 factories and a vast distribution spread across the country, making its product available down to the lowest population strata, he said. About margins, Berry said it has gone up through cost optimisation initiatives. Britannia has been doing cost optimisation of almost 2 per cent of revenue saving for almost last 13 years. "And as we go forward, we are looking at seeing if we can continue with that 2 per cent, and we certainly have a line of sight to do that," said Berry. Moreover, commodity inflation on input materials is ...
Britannia expects half of its domestic sales to come from rural markets in the next 3 to 4 years, as it is expanding its distribution network to increase its presence in those regions with aspirational buying preferences, said its Vice Chairman and Managing Director Varun Berry. The rural market is "very important" for Britannia, where the maker of Good Day, Marie Gold, and Tiger biscuits reported growth in double-digits in the latest April-June quarter, and is now amplifying reach through direct distribution to have a "continuous stream" of products being available in those far-flung markets, he added. Britannia, which was an urban-centric company, now gets around 40 per cent of its sales from rural markets, Berry said, adding that rural is now growing ahead of urban markets, and this trend is expected to continue. "Our split between urban and rural was something like 75 per cent and 25 per cent. Now, we have gotten to a 60-40 split. It is still in favour of urban, but slowly, ...
Nifty FMCG rose 2.66 per cent in early deals after the Goods and Services Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman on Wednesday, simplified the GST structure
Brokerage expects gross-profit-margin (GPM) improvement in Q2FY26 but warns that month-on-month raw-material (RM) upticks could revive price hikes from Q4
Despite muted volumes in Q1FY26, brokerages see upside in Britannia's margins as input cost pressures ease and pricing actions continue to support profitability
Britannia Q1 results review: Brokerages remain divided on Britannia after the fast-moving consumer goods (FMCG) company held its conference call on Wednesday, following its Q1 earnings
Stock market close highlights on Tuesday, Aug 5:Sensex settled 0.38 per cent or 308.47 points lower at 80,710.25 levels, while NSE's Nifty50 slipped 0.30 per cent or 73.20 points to 24,649.55 levels.
Britannia Q1 results preview: Britannia's revenue for Q1FY26 is expected to increase 8.7 per cent, on average, to ₹4,621.05 crore; check in depth analysis
The Supreme Court on Wednesday allowed the closure of a unit manufacturing biscuits for Britannia Industries Limited (BIL) for over three decades by overruling a Bombay High Court verdict. Justices Sanjay Karol and Prashant Kumar Mishra passed the verdict on an appeal of Harinagar Sugar Mills Ltd (HSML) against the high court's February 17, 2023 order. While HSML initially offered Rs 10 crore as a goodwill gesture to its employees, the court enhanced this amount to Rs 15 crore and ordered its payment within eight weeks. Considering that some of the employees may be, with the closure of this concern, losing the only job they have known and still others would be, for no fault of their own, rendered unemployed, we appreciate the gesture made by HSML. Such a statement is taken on record," the court said. Senior advocate Mukul Rohtagi, appearing for HSML, had left it to the court to decide on the enhancement. We deem it just and proper to further enhance the appellants' offer by a sum
Britannia Industries reported a 4 per cent rise in Q4FY25 net profit to Rs 560 crore, with 8.9 per cent revenue growth amid tight consumption and rising input costs
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