Key Financial Performance - Q2 FY26-27 (Consolidated)

Quarterly Performance (Q2 FY26-27 vs Q2 FY25-26):

  • Net Sales: ₹5,542 Crores, up 16.6%
  • Operating Profit: ₹943 Crores, up 8.5%
  • Profit Before Tax: ₹977 Crores, up 10.6%
  • Profit After Tax (Owner's Share): ₹721 Crores, up 10.2%

Profitability Margins for Q2 FY26-27:

  • Profit from Operations Margin: 17.0%
  • Profit Before Tax Margin: 17.6%
  • Profit After Tax Margin (Owner's Share): 13.0%

Key Financial Performance - H1 FY26-27 (Consolidated)

Half-Yearly Performance (H1 FY26-27 vs H1 FY25-26):

  • Net Sales: ₹10,506 Crores, up 13.1%
  • Operating Profit: ₹1,704 Crores, up 10.3%
  • Profit Before Tax: ₹1,775 Crores, up 12.0%
  • Profit After Tax (Owner's Share): ₹1,312 Crores, up 11.7%

Profitability Margins for H1 FY26-27:

  • Profit from Operations Margin: 16.2%
  • Profit Before Tax Margin: 16.9%
  • Profit After Tax Margin (Owner's Share): 12.5%

Strategic Business Priorities and Operational Highlights

1. Broad-Based Growth Across Channels:

  • General Trade (GT) growth in Q2 FY27 was 2.6x that of FY25-26.
  • Other Channels (non-GT) grew at 1.8x the rate of GT.
  • E-commerce contribution reached approximately 7%.

2. Revenue Acceleration in Key States:

  • Growth in Key States in Q2 FY27 was 2.8x that of FY25-26.
  • Growth in Other States continued to outpace that of Key States.

3. Brand Strengthening and Portfolio Innovations:

  • Focus on strengthening brand relevance across core consumer cohorts, highlighting the NutriChoice portfolio and Little Hearts.
  • Augmenting the Cheese business through innovations.

4. Adjacency Businesses Performance:

  • Adjacent Bakery Businesses grew more than 20% during the quarter.
  • Dairy business (Cheese, Ghee, Milk Drinks) led double-digit growth.
  • International Business showed a resilient rebound into mid-teens growth across key geographies.

5. Regional and Festive Campaigns:

  • Executed tailored festive campaigns including Bourbon X Bombay Sweet Shop for Ganesh Chaturthi and 5050 Cheeze Dipped X Onam.

Input Costs Trend

Key commodity costs showed significant deflation on a Year-on-Year (YoY) basis for Q2 FY26-27:

  • Palm Oil: -25% YoY
  • Wheat: -15% YoY
  • Sugar: -5% YoY

Moderate inflation was seen in:

  • Packaging Materials: +3% YoY

ESG (Environmental, Social, and Governance) Progress

Key ESG metrics achieved by H1 FY26-27:

  • Women factory workforce: 45%
  • Number of BNF (Britannia Nutrition Foundation) beneficiaries reached: 5,73,663
  • Renewable Electricity share in Own Plants: 48%

Disclosure and Availability

The presentation is available on the company's website at http://www.britannia.co.in/investors/financial-performance/analyst-call.

The audio recording and transcript of the conference call will be disseminated to the stock exchanges and hosted on the company website within the timelines prescribed by SEBI Listing Regulations, 2015.

Disclaimer

The presentation contains forward-looking statements based on current views and estimates of the management. Actual results could differ due to risks and uncertainties including general economic conditions, commodity and currency fluctuations, competitive pressures, and regulatory developments.