BRITANNIABritannia Industries Ltd.
Britannia Industries Q2 FY27 Results: Consolidated Net Profit ₹726 Crore on Total Income of ₹5,671 Crore
- Earnings
- Packaged foods
Reviewed byRachit TripathiBlacklitt Research
Britannia Industries (NSE: BRITANNIA) reported consolidated total income of ₹5,671.30 crore and net profit of ₹725.99 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹5,476.72 crore and standalone net profit ₹705.54 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹5,671.30 crore, up 15.9% YoY and 12.1% QoQ
- Net profit and EPS: ₹725.99 crore, up 10.8% YoY; basic EPS ₹29.93
- Finance costs: ₹35.76 crore, up 3.1% YoY and 56.4% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹5,476.72 crore, up 14.7% YoY and 11.9% QoQ
- Net profit and EPS: ₹705.54 crore, up 2.3% YoY; basic EPS ₹29.29
- Other income: ₹72.09 crore, down 34.5% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 5,671.30 | 4,892.74 | +15.9% | 5,061.38 | +12.1% | |
| Revenue from operations | 5,597.79 | 4,840.63 | +15.6% | 4,999.97 | +12.0% |
| Other income | 73.51 | 52.11 | +41.1% | 61.41 | +19.7% |
| 725.99 | 655.06 | +10.8% | 593.38 | +22.3% | |
| Profit before tax | 977.37 | 883.62 | +10.6% | 797.35 | +22.6% |
| Finance costs | 35.76 | 34.68 | +3.1% | 22.87 | +56.4% |
| Depreciation | 78.57 | 85.05 | -7.6% | 79.51 | -1.2% |
| Tax expense | 251.38 | 228.56 | +10.0% | 203.97 | +23.2% |
| Net profit margin | 12.80% | 13.39% | -0.59 pp | 11.72% | +1.08 pp |
| EPS, basic (₹) | 29.93 | 27.17 | +10.2% | 24.55 | +21.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit grew more slowly than income this quarter. Net profit rose 10.8% YoY against 15.9% growth in total income, while profit before tax rose 10.6%. Tax expense rose 10.0% to ₹251.38 crore, which is 25.7% of profit before tax of ₹977.37 crore.
Other income rose 41.1% YoY to ₹73.51 crore, but it remains 1.3% of total income. Revenue from operations rose 15.6% YoY to ₹5,597.79 crore, so the operating line accounts for almost all of the income growth.
Finance costs of ₹35.76 crore are 0.6% of total income this quarter, up from ₹22.87 crore in Q1 FY27. The filing does not give the reason for the rise in borrowings shown in current liabilities, which increased from ₹1,071.72 crore to ₹2,439.52 crore since 31 Mar 2026.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 5,476.72 | 4,774.64 | +14.7% | 4,892.90 | +11.9% | |
| Revenue from operations | 5,404.63 | 4,664.51 | +15.9% | 4,833.50 | +11.8% |
| Other income | 72.09 | 110.13 | -34.5% | 59.40 | +21.4% |
| 705.54 | 689.95 | +2.3% | 576.38 | +22.4% | |
| Profit before tax | 953.53 | 912.75 | +4.5% | 778.90 | +22.4% |
| Finance costs | 35.18 | 34.16 | +3.0% | 22.32 | +57.6% |
| Depreciation | 71.41 | 77.53 | -7.9% | 70.92 | +0.7% |
| Tax expense | 247.99 | 222.80 | +11.3% | 202.52 | +22.5% |
| Net profit margin | 12.88% | 14.45% | -1.57 pp | 11.78% | +1.10 pp |
| EPS, basic (₹) | 29.29 | 28.64 | +2.3% | 23.93 | +22.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose only 2.3% YoY, against 14.7% growth in total income and 4.5% growth in profit before tax of ₹953.53 crore. Tax expense rose 11.3% to ₹247.99 crore.
Standalone other income fell 34.5% YoY to ₹72.09 crore from ₹110.13 crore. The notes say the year-earlier other income included dividend income from subsidiaries of ₹58.94 crore for the quarter ended 30 Sep 2025, and the filing gives the year-ago figure on that basis. Standalone revenue from operations rose 15.9% YoY to ₹5,404.63 crore.
Standalone net profit was ₹20.45 crore lower than consolidated net profit for the quarter, and consolidated net profit grew faster YoY (10.8%) than standalone (2.3%).
Inference
The auditors, Walker Chandiok & Co LLP, carried out a limited review and issued an unmodified review report on both sets of results. The board approved the results on 5 Nov 2026.
Dividends paid in the six months ended 30 Sep 2026 were ₹2,172.22 crore. The filing does not state a dividend declared or recommended for the period, or its record date, and does not give the reason for the change in inventories, which rose from ₹1,345.93 crore to ₹2,322.67 crore consolidated since 31 Mar 2026.
Filed with BSE on . Reference: Original filing (PDF)
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