Britannia Q2 results: Profit rises 23% to Rs 655 crore; revenue rose 4% to Rs 4,752 crore

Bakery food company Britannia Industries Ltd on Wednesday reported a 23.23 per cent rise in consolidated net profit to Rs 655.06 crore for the September quarter, helped by stable raw material prices and cost optimization efforts.The company had posted a net profit of Rs 531.55 crore in the July-September quarter a year ago, according to a regulatory filing by Britannia Industries.

Britannia Industries’ revenue from product sales rose 4 percent to Rs 4,752.17 crore in the September quarter.Operating revenue rose 3.7 percent to Rs 4,840.63 crore in the September quarter. It was Rs 4,667.57 crore in the corresponding quarter.

During the quarter, Britannia recorded “reasonable sales growth”, with profits growing 23.2 percent. This is “driven by relatively stable commodity prices and continued efforts to optimize costs across the value chain,” Vice Chairman and Chief Executive Officer Varun Berry said in an earnings statement.

Britannia’s total expenditure remained stable at Rs 4,005.84 crore in the second quarter of FY26. Total revenues, including other income, rose 3.8 percent to Rs 4,892.74 crore in the September quarter. In the first half (H1) of FY26, Britannia’s total revenues rose 6.12 percent to Rs 9,571.97 crore.

‘The recent rationalization of GST rates announced by the government is a welcome step towards boosting consumer demand and improving the overall economic sentiment in the country.

“However, the transition challenges arising from the GST-related changes in supply chain, trade and channels had a short-term impact on business during the latter part of the quarter, which is expected to gradually normalize in the coming quarter,” he said.

The adjacent bakery categories of rusk, waffles and croissants continued to deliver double-digit growth for consecutive quarters despite headwinds, driven by strong dynamics in the e-commerce channel – which also drove at-home consumption of our delicious and impulsive product range, Berry added.

Speaking about the prospects, he said: “Looking ahead, we aim to grow the business through healthy, volume-driven growth as we continue to strengthen our presence across geographies with regional consumer-centric product and distribution strategies and price competitiveness, while leveraging our brand strength to maintain market leadership amid the proliferation of multiple local players across states and regions.”