Britannia reports strong Q2 FY26 profit growth despite GST impact

Britannia Industries reported robust financial performance for the second quarter of FY26, with revenue from operations reaching Rs 4,752 crore, a 4.1% growth over Q2 FY25. Profit after tax (owner's share) saw a substantial increase of 23.1%, amounting to 13.8% of revenue. The company also demonstrated strong 12-month and 24-month growth across both revenue and profit metrics.

The quarter was a transitional period due to GST Rate Rationalization effective September 22, 2025, impacting approximately 85% of the business. This led to short-term headwinds in September, characterized by de-stocking by distributors and channel partners, and delayed consumer buying, though normalization is expected. In the biscuits market, Britannia maintained a healthy lead over organized national players despite marginal share loss to local and regional competitors.

Strategic priorities include driving volume-led growth, investing in core brands, and sustaining margins through cost-saving initiatives. The company also highlighted its ESG progress, including a 13% increase in renewable electricity share and a 3.4% reduction in specific water consumption. Britannia was recognized with the Golden Peacock Award for Sustainability 2025 and improved its S&P Global Corporate Sustainability Assessment score.