Britannia Industries (BRITANNIA) investor relations material

Executive summary

• Q4 FY26 revenue reached INR 4,686 crores, up 7.1% year-over-year; full-year consolidated revenue was INR 18,858 crores, a 7.5% increase over the previous year.

• Full-year PAT was INR 2,533 crores, a 16.3% increase, with Q4 PAT margin at 14.5% of revenue.

• Audited results for FY26 were approved, with a final dividend of ₹90.50 per share recommended, subject to AGM approval.

• International business faced disruptions due to vessel unavailability and West Asia conflict, impacting exports and profitability.

• Domestic business saw strong growth in e-commerce and premium categories, with e-commerce sales rising to 6% of total sales.

Financial highlights

• Q4 operating profit was INR 768 crores (+6%), PBT INR 785 crores (+4.4%), and PAT INR 678 crores (+21.1%), aided by income tax case closures.

• Full-year operating profit was INR 3,208 crores (+11.6%), PBT INR 3,289 crores (+12.4%), and PAT INR 2,533 crores (+16.3%).

• Consolidated net profit for FY26 was ₹2,561.07 crore, with EPS at ₹105.18.

• Net cash generated from operating activities (consolidated) was ₹2,611.60 crore for FY26.

• Volume growth for the quarter was approximately 5.5%.

Outlook and guidance

• Management expects normalization in wholesale and rural channels as dual pricing issues fade, with confidence in domestic market stabilization by quarter-end.

• Calibrated price increases and grammage adjustments are planned to offset inflation in fuel and laminate costs.

• GST rate cut expected to benefit growth and margins, especially as price point packs stabilize.

• Sourcing optimization between India and international facilities expected to be fully operational by mid-May.

• Fiscal incentive income of ₹45.72 crore was recognized in FY26 following state government approval.