Britannia Industries Limited Annual Report 2025-26 Comprehensive Summary

Financial Performance Highlights

Standalone Financials (₹ Crores):

  • Revenue from Operations: ₹18,445.82 (FY25: ₹17,295.92) - 6.6% growth
  • Operating Profit: ₹3,085.70 (FY25: ₹2,778.98) - 11.0% growth
  • Profit After Tax: ₹2,561.72 (FY25: ₹2,130.72) - 20.2% growth
  • Final Dividend Recommended: ₹90.50 per share (20.7% increase)

Consolidated Financials (₹ Crores):

  • Revenue from Operations: ₹19,151.59 (FY25: ₹17,942.67) - 6.7% growth
  • Operating Profit: ₹3,207.60 (FY25: ₹2,873.81) - 11.6% growth
  • Profit After Tax: ₹2,533.49 (FY25: ₹2,178.73) - 16.3% growth
  • Basic/Diluted EPS: ₹105.18 per share (FY25: ₹90.45)

Operational and Strategic Performance

Manufacturing & Supply Chain:

  • 20 state-of-the-art factories with integrated warehousing and distribution
  • Additional biscuit manufacturing line commissioned at Tirunelveli, Tamil Nadu
  • Advanced wafer manufacturing line commissioned at J B Mangharam Foods Private Limited
  • Over 9,000 Kaizens implemented through Small Group Activities
  • Won 29 prestigious awards from CII and QCFI for manufacturing excellence

Research & Development:

  • R&D expenditure: ₹49.35 crores (0.27% of sale of goods)
  • Key innovations: Milk Bikis SMART (India's 1st DHA Enriched Biscuit), NutriChoice 100% Millets Cookies, Pure Magic Choco Tarts
  • Nutritional improvements: Increased wholegrain content by ~269.47%, reduced sugar by ~3.50%, reduced sodium by ~12.23% per serving

Sustainability Initiatives:

  • Renewable energy: ~35% of total electricity consumption, avoiding ~36,664 tCO2 emissions
  • Rooftop solar systems: 10 manufacturing units (total capacity: 10.4 MW)
  • Freshwater consumption intensity: ~0.80 kL/Ton of production (8.05% reduction)
  • Water reuse: ~55.39% of total water withdrawn
  • CDP rating: 'B' for Climate Change and Water Security
  • S&P Global CSA score: 60 (improvement of 8 points)

Financial Position & Capital Structure

Balance Sheet (Standalone as at 31 March 2026):

  • Total assets: ₹8,940.44 crore (FY25: ₹8,019.72 crore)
  • Property, plant & equipment: ₹2,426.37 crore
  • Investments: ₹3,683.74 crore (Non-current: ₹1,517.71 crore; Current: ₹1,638.52 crore)
  • Total equity: ₹4,641.23 crore (FY25: ₹3,886.55 crore)
  • Borrowings: ₹1,346.16 crore (FY25: ₹1,217.55 crore)
  • Debt to equity ratio: 29.0% (FY25: 31.3%)

Credit Ratings:

  • CRISIL AAA/Stable for Bank Loan Facilities (₹3,000 crores)
  • CRISIL A1+ for Commercial Paper (₹500 crores)

Leadership & Governance Changes

Board Appointments:

  • Mr. Rakshit Hargave appointed as Chief Executive Officer and Managing Director (15 December 2025 to 14 December 2030)
  • Mr. N. Venkataraman re-appointed as Executive Director and Chief Financial Officer (30 July 2026 to 29 July 2030)
  • Mr. Rajesh Batra appointed as Non-Executive Independent Director (25 August 2025 to 24 August 2030)

Board Resignations:

  • Dr. Urjit Patel resigned as Non-Executive Independent Director (30 October 2025)
  • Mr. Varun Berry resigned as Executive Vice-Chairman, Managing Director and CEO (10 November 2025)

Senior Management Changes:

  • Mr. Puneet Das appointed as Chief Marketing Officer (16 February 2026)
  • Mr. Subhashis Basu appointed as Chief Business Officer - Dairy (15 December 2025)
  • Ms. Sona Rajora appointed as Company Secretary and Compliance Officer (11 February 2026)

Regulatory Compliance & Audit Matters

Auditor Reports:

  • Statutory Auditors: Walker Chandiok & Co LLP (unmodified opinion)
  • Key audit matters: Revenue recognition and Litigations, Provisions and Contingencies
  • All auditor reports are unmodified without qualifications

Tax Litigations:

  • Income tax disputes: ₹37.17 crore across various assessment years
  • Sales tax/VAT disputes: ₹45.93 crore
  • GST disputes: ₹341.97 crore
  • Service tax disputes: ₹1.91 crore

Corporate Social Responsibility:

  • CSR obligation for FY 2025-26: ₹54.79 crores
  • Multi-year projects through Britannia Nutrition Foundation and Sir Ness Wadia Foundation
  • Focus areas: Malnutrition Reduction, Anaemia Management, Village Development

AGM Details & Corporate Actions

107th Annual General Meeting:

  • Date: Friday, 7 August 2026
  • Time: 3:30 P.M. IST
  • Mode: Video Conferencing/Other Audio Visual Means
  • E-voting period: 4 August 2026 (9:00 A.M.) to 6 August 2026 (5:00 P.M.)
  • Book closure: 1 August 2026 to 7 August 2026
  • Dividend payment: On or before 5 September 2026

Dividend Declaration:

  • Final Dividend: ₹90.50 per equity share recommended for FY 2025-26
  • Record Date: Friday, 31 July 2026
  • Total dividend for FY26: ₹2,179.86 crore including proposed dividend

Employee Statistics & Recognition

Workforce:

  • Total employees (consolidated): 23,755
  • Permanent employees: 2,957
  • Women representation: ~45% in factory workforce, ~14.83% in managerial roles
  • Turnover rate: Permanent employees 24.34%, Permanent workers 12.99%

Awards and Recognition:

  • Top 10 Desirable FMCG Companies 2026 by Unstop
  • ET Now's Best Organisations to Work 2025
  • Multiple marketing awards including ET Kaleido Awards, Exchange4Media Indian Marketing Awards
  • Worldpanel: Most Chosen FMCG Brand Out-of-Home (#1) and In-Home (#2)

Important Financial Ratios (Standalone)

  • Operating Profit Margin: 16.7% (vs 16.1% previous year)
  • Debtors Turnover Ratio: 45.6 times (vs 45.8 times)
  • Inventory Turnover Ratio: 36.3 times (vs 37.1 times)
  • Current Ratio: 1.1 times (vs 1.0 times)
  • Interest Service Coverage Ratio: 30.7 times (vs 22.1 times)
  • Return on Net Worth: 60.1% (vs 57.5%)

This comprehensive report demonstrates Britannia's strong financial performance, operational excellence, and commitment to sustainable growth while maintaining robust corporate governance standards.