Britannia Industries (BRITANNIA) investor relations material

Executive summary

• Consolidated Q1 revenue from operations reached ₹4,999.97 crore, reflecting 9.5% year-over-year growth; standalone revenue was ₹4,833.50 crore.

• PAT margin stood at 11.9% of revenue, with PAT growing 13.6% year-over-year to ₹593.38 crore.

• All sales channels contributed to growth, with e-commerce and q-commerce channels growing at over 2.5x the rate of General Trade.

• Key states contributed over 50% of domestic revenue and delivered robust growth, with other states outpacing key states at 1.3x.

• Strategic focus remains on sales and supply chain efficiency, brand elevation, innovation, and health-oriented platforms.

Financial highlights

• Operating profit, PBT, and PAT all grew faster than sales at 12.7%, 13.7%, and 13.6% respectively year-over-year; operating profit for Q1'27 was ₹761 crore.

• Volume growth for the quarter was close to 9%.

• Price increases (mainly via shrinkflation) mitigated about half of input cost inflation; further pricing actions expected.

• Non-biscuit portfolio (cakes, rusk, wafers, dairy) delivered double-digit growth, led by innovation.

• Basic and diluted EPS (consolidated) for Q1 FY27 stood at ₹24.55, up from ₹21.62 in Q1 FY26.

Outlook and guidance

• Demand environment remains strong, with positive momentum entering the next quarter.

• Management is confident in sustaining healthy growth across volume, value, and profitability, but cautions on input cost volatility and external uncertainties.

• Closely monitoring international business, especially developments in West Asia.

• No PLI incentive booked in FY 2025/26 or Q1 FY 2027 due to not meeting threshold growth.

• The company continues to monitor the implementation of the New Labour Codes and their impact on employee benefits.