Britannia Industries (BRITANNIA)₹4,790+0.19%Packaged Foods
In the Jun 2026 quarter (consolidated), Britannia Industries reported sales of ₹4,979 Cr, up 8.1% from Jun 2025, and net profit of ₹591 Cr, up 14.0% year on year. For the year to Mar 2026, sales were ₹19,086 Cr and net profit ₹2,531 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,419 | 4,241 | 4,053 | 4,236 | 4,652 | 4,578 | 4,417 | 4,605 | 4,828 | 4,957 | 4,703 | 4,979 |
| Expenses | 3,567 | 3,445 | 3,289 | 3,501 | 3,895 | 3,757 | 3,640 | 3,874 | 3,897 | 4,000 | 3,891 | 4,172 |
| Operating Profit | 868 | 818 | 783 | 751 | 778 | 841 | 799 | 751 | 949 | 975 | 832 | 836 |
| OPM % | 20.1% | 19.1% | 19.1% | 18.0% | 17.1% | 18.0% | 18.0% | 16.1% | 20.0% | 20.0% | 18.1% | 17.1% |
| Other Income | 51.85 | 47.87 | 56.86 | 30.90 | 45.83 | 61.78 | 62.85 | 56.79 | 51.86 | 58.84 | 54.82 | 60.84 |
| Interest | 53.10 | 31.08 | 26.05 | 29.05 | 35.10 | 45.08 | 31.06 | 26.06 | 35.08 | 33.05 | 19.03 | 23.06 |
| Depreciation | 72.19 | 78.16 | 80.15 | 74.20 | 76.25 | 82.26 | 81.26 | 82.18 | 85.24 | 85.16 | 85.25 | 80.15 |
| Profit before tax | 797 | 756 | 733 | 679 | 713 | 776 | 749 | 698 | 882 | 916 | 782 | 794 |
| Tax % | 27.0% | 27.0% | 27.0% | 26.0% | 26.0% | 25.0% | 26.0% | 26.0% | 26.0% | 26.0% | 13.0% | 26.0% |
| Exceptional items | 0.00 | −1.99 | 0.00 | −17.98 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 584 | 555 | 535 | 503 | 531 | 580 | 557 | 518 | 653 | 680 | 678 | 591 |
| EPS (Rs) | 24.40 | 23.14 | 22.38 | 21.02 | 22.08 | 24.16 | 23.27 | 21.66 | 27.20 | 28.25 | 28.20 | 24.57 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,370 | 9,016 | 9,876 | 11,025 | 11,558 | 13,092 | 14,090 | 16,253 | 16,703 | 17,882 | 19,086 | 19,466 |
| Expenses | 7,182 | 7,788 | 8,429 | 9,330 | 9,770 | 10,637 | 11,956 | 13,500 | 13,615 | 14,797 | 15,662 | 15,959 |
| Operating Profit | 1,221 | 1,275 | 1,498 | 1,728 | 1,840 | 2,504 | 2,196 | 2,824 | 3,162 | 3,166 | 3,503 | 3,592 |
| OPM % | 15.0% | 14.1% | 15.0% | 16.1% | 16.1% | 19.1% | 16.0% | 17.1% | 19.1% | 18.0% | 18.1% | 18.5% |
| Other Income | 115 | 151 | 165 | 206 | 262 | 312 | 221 | 595 | 210 | 202 | 223 | 226 |
| Interest | 5.01 | 5.01 | 8.02 | 9.01 | 77.13 | 111 | 144 | 169 | 164 | 139 | 113 | 110 |
| Depreciation | 113 | 119 | 142 | 162 | 186 | 198 | 201 | 227 | 301 | 314 | 338 | 336 |
| Profit before tax | 1,215 | 1,300 | 1,513 | 1,762 | 1,838 | 2,506 | 2,070 | 3,022 | 2,905 | 2,917 | 3,277 | 3,374 |
| Tax % | 32.0% | 32.0% | 34.0% | 35.0% | 24.0% | 26.0% | 27.0% | 24.0% | 27.0% | 26.0% | 23.0% | — |
| Exceptional items | −5.99 | 0.00 | 0.00 | 0.99 | −13.01 | 0.00 | 0.00 | 287 | −2.01 | −17.99 | 0.99 | 0.00 |
| Net Profit | 823 | 883 | 1,002 | 1,152 | 1,390 | 1,847 | 1,511 | 2,311 | 2,127 | 2,171 | 2,531 | 2,602 |
| EPS (Rs) | 34.41 | 36.88 | 41.89 | 48.30 | 58.42 | 77.51 | 63.42 | 96.49 | 88.96 | 90.53 | 105.33 | 108.22 |
| Dividend payout % | 29.0% | 30.1% | 30.1% | 31.1% | 60.1% | 204.0% | 89.1% | 75.0% | 83.1% | 83.1% | 86.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23.93 | 23.93 | 23.90 | 23.90 | 23.93 | 23.91 | 23.90 | 23.90 | 23.90 | 23.93 | 23.90 | 23.91 |
| Reserves | 1,220 | 2,064 | 2,669 | 3,376 | 4,221 | 4,375 | 3,517 | 2,530 | 3,507 | 3,908 | 4,324 | 5,077 |
| Borrowings | 145 | 131 | 125 | 201 | 156 | 1,538 | 2,107 | 2,481 | 2,998 | 2,065 | 1,247 | 1,380 |
| Other Liabilities | 1,400 | 1,271 | 1,285 | 1,580 | 1,831 | 1,885 | 2,343 | 2,482 | 2,808 | 3,064 | 3,232 | 3,236 |
| Total Liabilities | 2,789 | 3,490 | 4,103 | 5,180 | 6,231 | 7,822 | 7,990 | 7,518 | 9,337 | 9,061 | 8,826 | 9,717 |
| Fixed Assets | 842 | 948 | 1,157 | 1,342 | 1,685 | 1,874 | 1,790 | 1,749 | 2,649 | 2,765 | 2,897 | 2,841 |
| CWIP | 48.13 | 90.25 | 30.09 | 203 | 101 | 40.13 | 117 | 537 | 105 | 189 | 89.30 | 39.10 |
| Investments | 518 | 788 | 486 | 1,078 | 1,475 | 2,890 | 2,777 | 1,762 | 3,320 | 2,765 | 2,864 | 3,609 |
| Other Assets | 1,381 | 1,663 | 2,430 | 2,556 | 2,969 | 3,018 | 3,307 | 3,469 | 3,262 | 3,342 | 2,974 | 3,229 |
| Inventories | 405 | 442 | 663 | 654 | 782 | 743 | 1,093 | 1,371 | 1,196 | 1,184 | 1,240 | 1,349 |
| Trade receivables | 136 | 171 | 179 | 306 | 395 | 321 | 258 | 333 | 330 | 394 | 451 | 471 |
| Cash & equivalents | 225 | 87.66 | 121 | 185 | 110 | 123 | 210 | 184 | 197 | 445 | 311 | 351 |
| Total Assets | 2,789 | 3,490 | 4,103 | 5,180 | 6,231 | 7,822 | 7,990 | 7,518 | 9,337 | 9,061 | 8,826 | 9,717 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 585 | 961 | 441 | 1,251 | 1,158 | 1,488 | 1,855 | 1,301 | 2,528 | 2,577 | 2,495 | 2,615 |
| Cash from investing activity | −450 | −706 | −150 | −957 | −852 | −1,527 | 459 | 914 | −1,508 | 485 | 69.06 | −741 |
| Cash from financing activity | −181 | −246 | −295 | −232 | −353 | 57.98 | −2,244 | −2,245 | −1,029 | −2,838 | −2,754 | −1,785 |
| Net cash flow | −47.14 | 8.02 | −4.01 | 60.14 | −49.09 | 17.05 | 66.14 | −32.08 | −9.02 | 219 | −194 | 88.26 |
| Capex | 118 | 252 | 361 | 424 | 402 | 245 | 243 | 551 | 713 | 555 | 376 | 207 |
| Free cash flow | 633 | 712 | 89.29 | 830 | 758 | 1,244 | 1,615 | 754 | 1,897 | 2,090 | 2,125 | 2,416 |
| CFO / OP % | 102.1% | 111.0% | 66.1% | 116.0% | 101.1% | 108.0% | 99.1% | 86.0% | 115.0% | 105.1% | 100.0% | 98.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 5 | 6 | 6 | 10 | 12 | 9 | 6 | 8 | 6 | 8 | 8 | 8 |
| Inventory days | 31 | 32 | 43 | 39 | 43 | 39 | 52 | 57 | 45 | 45 | 43 | 44 |
| Days payable | 55 | 56 | 49 | 59 | 63 | 55 | 63 | 55 | 55 | 63 | 60 | 62 |
| Cash conversion cycle | −17 | −16 | 1 | −9 | −7 | −6 | −4 | 10 | −2 | −9 | −9 | −9 |
| Working capital days | −22 | −5 | 28 | 17 | 27 | −1 | −22 | −31 | −31 | −30 | −23 | −28 |
| ROCE % | 65.9% | 68.0% | 51.9% | 46.9% | 43.9% | 36.9% | 44.9% | 40.9% | 48.9% | 48.9% | 52.9% | 55.9% |
For the Jun 2026 quarter, Britannia Industries reported sales of ₹4,979 Cr, up 8.1% year on year and net profit of ₹591 Cr, up 14.0% year on year. The operating margin was 17.1%.
Britannia Industries' sales for the year to Mar 2026 were ₹19,086 Cr; over the last twelve months they were ₹19,466 Cr.
Net profit for the year to Mar 2026 was ₹2,531 Cr, and ₹2,602 Cr over the last twelve months. Earnings per share over the same trailing period were ₹108.22.
Britannia Industries reported borrowings of ₹1,380 Cr at Mar 2026, against cash and equivalents of ₹351 Cr.
Cash from operations was ₹2,615 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹2,416 Cr.