BRITANNIA Britannia Industries Q2 FY26 results (Jul–Sep 2025) and concall
Britannia reported a somewhat muted top-line quarter due to GST 2.0 implementation disruption in September, which cost ~2-2.5% revenue growth. However, profitability was strong with 23% PAT growth driven by lower employee costs (reduced ESOP provisioning) and controlled commodity environment. Management is very bullish on the GST rate cut benefiting organized players at the expense of non-compliant regional players, and expects to return to double-digit revenue growth. The company is pivoting from margin expansion to volume-led growth, potentially accepting slight margin haircuts to drive comp
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
What they filed
Q2 FY26: revenue up 3.6%, net profit up 34.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 4,501 | 4,418 | 4,283 | 4,453 | 4,665 +4% |
| EBITDA | 746 | 810 | 779 | 721 | 914 +23% |
| Net profit | 514 | 557 | 557 | 498 | 690 +34% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
