Britannia Industries share price
NSE: BRITANNIABSE: 500825Food ProductsLarge Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹4,560.00.
28 Oct: open ₹4,549.00, high ₹4,584.00, low ₹4,499.90
- Next results date: the board meets on 5 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,10,012 Cr71st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 42.25
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 21.54
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.98%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 55.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 50.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.26
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,21,90663.6% delivered
About Britannia Industries
Britannia Industries Limited makes and sells packaged foods: biscuits, cakes, rusks, bread and wafers, and dairy products such as cheese, ghee and flavoured milk.123 It sells to consumers across urban and rural India through general trade (traditional neighbourhood shops), modern trade (supermarket chains), e-commerce, quick commerce (delivery within minutes) and institutions, and in international markets.456
It reports one business segment, Foods.7 Its brands include Good Day, Marie Gold, NutriChoice, Bourbon and Tiger Krunch, and it sells cheese slices under the Laughing Cow brand through a joint venture with Bel.89 Outside India, its international business sells in more than 80 countries, in the Middle East, the Americas, Africa, Europe and Asia Pacific.10 It employed 23,755 people, permanent and non-permanent, across the group on 31 Mar 2026.11
It was incorporated in 1918; its registered office is in Kolkata and its executive office in Bengaluru.12 Its promoter directors are the chairman, Nusli N. Wadia, and his sons Ness N. Wadia and Jehangir N. Wadia, and The Bombay Burmah Trading Corporation Limited is its ultimate holding company.131415 Rakshit Hargave has been chief executive officer and managing director since 15 Dec 2025, after Varun Berry resigned in November 2025.1617
Britannia Industries key points
Results
- In the quarter to Jun 2026, consolidated net sales rose 9.5% to ₹4,964 crore and operating profit, the company's own measure, rose 12.7% to ₹761 crore, a profit from operations margin of 15.3% against 17.0% in the year to Mar 2026.1819
- In the same quarter, Britannia's profit after tax rose 13.6% and was 11.9% of revenue, and sales volume grew close to 9%, management said.2021
- In the year to Mar 2026, consolidated revenue from operations rose 6.7% to ₹19,151.59 crore, operating profit 11.6% to ₹3,207.60 crore and profit after tax for the company's shareholders 16.3% to ₹2,533.49 crore.22
- On 7 May 2026 the board recommended a final dividend of ₹90.50 a share for the year to Mar 2026, for approval at the annual general meeting of 7 Aug 2026; its documents give no outcome.23
Market position
Revenue mix
- Share of the company's own turnover by product, approximate1
Item year to Mar 2026 Bakery products and salted snacks about 97% Dairy products about 3% - General trade is by far its largest channel, management said. In the quarter to Jun 2026 general trade grew 1.5 times as fast as in the year to Mar 2026; other channels (all but general trade) grew 2.5 times as fast, led by e-commerce.2627
- Quick commerce makes up 80% to 85% of its e-commerce sales, management said.28
- Packs priced at ₹5 and ₹10 make up upwards of 60% of what it sells, management said; in the quarter to Jun 2026 it raised prices by cutting their contents, and price increases offset at most half of inflation.2930
Where revenue comes from
- The international business made up about 6% of consolidated turnover in the year to Mar 2026.5
- Key states, its largest and most profitable, contribute more than 50% of domestic revenue. In the quarter to Jun 2026 their growth was 1.8 times that of the year to Mar 2026, and other states grew 1.3 times as fast.3130
- International sales were flat in the quarter to Jun 2026, with the business stabilising late in the quarter. Management cited pressures in the Middle East and Saudi Arabia and headwinds in North America, and said its markets in Africa, led by Kenya, were doing well.329
Plants and capacity
- Britannia has 20 factories; the company's own plants are at Rudrapur, Barabanki, Hajipur, Bihta, Khordha, Guwahati, Ranjangaon, Jhagadia, Mundra, Perundurai, Tirunelveli and Bidadi.333
- Its dairy plant at Ranjangaon, Maharashtra, can process about 5 lakh litres of milk a day; in the year to Mar 2026 it bought over 60,000 litres of milk a day from over 2,500 farmers.2
- In the year to Mar 2026 it added a biscuit line at Tirunelveli, Tamil Nadu, and a wafer line at its subsidiary J B Mangharam Foods' factory at Gwalior, Madhya Pradesh.3
- Britannia's capital spending was ₹267.68 crore in the year to Mar 2026.34
Research and development
- Britannia spent ₹49.35 crore on R&D in the year to Mar 2026. Its R&D centre at Bidadi, Karnataka, is accredited by the National Accreditation Board for Testing and Calibration Laboratories.353625
- Britannia's launches in the year included Milk Bikis SMART, a DHA (docosahexaenoic acid, a fatty acid) enriched biscuit, NutriChoice 100% Millets cookies with no added sugar, and Pure Magic Choco Tarts.8
What the company expects
- On its earnings call of 7 Aug 2026, the company said that after an overall pricing impact of 1% in the quarter to Jun 2026, another 1.5% to 2% may come in.37
- On its earnings call of 7 Aug 2026, the company said it expected its international business to be back on a growth track from the quarter to Sep 2026; its documents give no outcome.38
- On its earnings call of 7 Aug 2026, the company said it plans to expand beyond bakery products, with protein part of a health platform, and that acquisitions (buying other businesses) are on the table but would be evaluated carefully.394041
Litigation and regulatory matters
- In its exchange filing of 1 Jan 2026, the company said a GST order from Chennai North demands tax of ₹1,08,50,24,763, an equal penalty and interest over input tax credit, that it sees no significant impact on its financials, and that it is appealable.42
- In its exchange filing of 3 Mar 2026, the company said a GST order from Thane demands ₹6,37,20,000 in tax and penalty, plus interest, over the classification of goods, that it sees no material impact on its financials, and that it is appealable.43
Last updated
All 43 sources, each with its page
- 1. Annual report, 16 Sep 2026, page 56
- 2. Annual report, 16 Sep 2026, page 37
- 3. Annual report, 16 Sep 2026, page 19
- 4. Annual report, 16 Sep 2026, page 8
- 5. Annual report, 16 Sep 2026, page 56
- 6. Annual report, 16 Sep 2026, page 2
- 7. Annual report, 16 Sep 2026, page 35
- 8. Annual report, 16 Sep 2026, page 20
- 9. Earnings call, 7 Aug 2026, page 5
- 10. Annual report, 16 Sep 2026, page 36
- 11. Annual report, 16 Sep 2026, page 41
- 12. Annual report, 16 Sep 2026, page 17
- 13. Annual report, 16 Sep 2026, page 31
- 14. Annual report, 16 Sep 2026, page 42
- 15. Annual report, 16 Sep 2026, page 114
- 16. Annual report, 16 Sep 2026, page 25
- 17. Annual report, 16 Sep 2026, page 24
- 18. Investor presentation, 7 Aug 2026, page 20
- 19. Investor presentation, 7 Aug 2026, page 20
- 20. Earnings call, 7 Aug 2026, page 3
- 21. Earnings call, 7 Aug 2026, page 13
- 22. Annual report, 16 Sep 2026, page 18
- 23. Exchange filing, 7 May 2026, page 1
- 24. Annual report, 16 Sep 2026, page 22
- 25. Annual report, 16 Sep 2026, page 21
- 26. Investor presentation, 7 Aug 2026, page 8
- 27. Earnings call, 7 Aug 2026, page 4
- 28. Earnings call, 7 Aug 2026, page 10
- 29. Earnings call, 7 Aug 2026, page 15
- 30. Earnings call, 7 Aug 2026, page 9
- 31. Investor presentation, 7 Aug 2026, page 9
- 32. Investor presentation, 7 Aug 2026, page 13
- 33. Annual report, 16 Sep 2026, page 51
- 34. Annual report, 16 Sep 2026, page 62
- 35. Annual report, 16 Sep 2026, page 62
- 36. Annual report, 16 Sep 2026, page 77
- 37. Earnings call, 7 Aug 2026, page 15
- 38. Earnings call, 7 Aug 2026, page 17
- 39. Earnings call, 7 Aug 2026, page 11
- 40. Earnings call, 7 Aug 2026, page 16
- 41. Earnings call, 7 Aug 2026, page 18
- 42. Exchange filing, 1 Jan 2026, page 1
- 43. Exchange filing, 3 Mar 2026, page 1
Results
Consolidated; ₹ crore.Britannia Industries quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +6.6%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +18.7%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,000 Crup 5.96%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹593 Crdown 12.70%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 11.9%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,668 | 4,593 | 4,432 | 4,622 | 4,841 | 4,970 | 4,719 | 5,000 |
| Net profit | 532 | 582 | 559 | 520 | 655 | 682 | 680 | 593 |
| Net margin | 11.4% | 12.7% | 12.6% | 11.3% | 13.5% | 13.7% | 14.4% | 11.9% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹19,152 Crup 6.74%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,537 Crup 16.49%
- Net margin
- 13.2%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9,324what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹270 crore, a tax on the goods the company makes that it collects and pays to the government. | 9,990what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹76 crore, a tax on the goods the company makes that it collects and pays to the government. | 11,055 | 11,600 | 13,136 | 14,136 | 16,301 | 16,769 | 17,943 | 19,152 |
| Net profit | 885 | 1,004 | 1,155 | 1,394 | 1,851 | 1,516 | 2,316 | 2,134 | 2,178 | 2,537 |
| Net margin | 9.5% | 10.0% | 10.5% | 12.0% | 14.1% | 10.7% | 14.2% | 12.7% | 12.1% | 13.2% |
Business segments
In the year to Mar 2026 the company reports one business segment, Food, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.Britannia Industries PE ratio and valuation
At or below today's level on 2% of 2,478 trading days over the last 10 years.
At or below today's level on 19% of 1,858 trading days since May 2019.
At or below today's level on 83% of 2,457 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +11.5% | +16.3% | −5.5% | 1.7% |
| 3 years | +9.4% | +3.0% | +4.8% | 1.6% |
| 5 years | +10.0% | +6.3% | +1.9% | 1.6% |
Mutual fund holdings
303 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 139 of the 180 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 303 funds holding Britannia Industries
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 6
- AddedAdded. Funds that held more shares than at the end of the month before.
- 111
- CutCut. Funds that held fewer shares than at the end of the month before.
- 69
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 114
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 11
| Fund | |||
|---|---|---|---|
| 16,15,426 | 1.09% | ₹780.3 Cr | |
| 15,29,874 | 2.03% | ₹738.9 Cr | |
| 15,08,522 | 0.67% | ₹728.6 Cr | |
| 13,95,286 | 0.88% | ₹673.9 Cr | |
| 10,78,161 | 1.46% | ₹520.8 Cr | |
| 10,64,042 | 2.99% | ₹513.9 Cr | |
| 8,63,865 | 0.50% | ₹417.2 Cr | |
| 8,28,906 | 2.05% | ₹400.4 Cr | |
| 8,00,928 | 0.38% | ₹386.8 Cr | |
| 7,55,566 | 1.31% | ₹364.9 Cr |
Britannia Industries competitors and peers
Packaged Foods, 54 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Britannia Industries in market cap.FMCG companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2,25,227 | 55.24 | 38.99 | +21.7% | +38.2% | 79.9% | 92.5% | 1.20% | |
| 14,750 | 78.37 | 2.53 | +66.3% | −42.5% | 3.3% | 4.5% | 0.26% | |
| 11,556 | 44.70 | 7.19 | +13.8% | +27.9% | 17.3% | 16.4% | 0.27% | |
| 8,226 | 6.38 | 1.17 | +6.6% | +13.1% | 20.4% | 28.6% | 1.44% | |
| 5,582 | 37.52 | 4.39 | +11.1% | +7.3% | 12.2% | 12.6% | 0.72% | |
| 3,056 | 36.39 | 6.38 | +12.0% | – | 19.0% | 12.1% | 0.41% | |
| 2,650 | 28.81 | 4.63 | +19.4% | +31.2% | 17.3% | 19.6% | 0.50% | |
| 2,518 | 219.06 | 3.60 | +6.4% | – | 1.7% | 2.3% | 0.05% |
Dividends
Per share, by the year it was paid for, and the latest payments.Britannia Industries dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 31 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹90.50 |
| 4 Aug 2025 | Final | ₹75.00 |
| 5 Aug 2024 | Final | ₹73.50 |
| 13 Apr 2023 | Interim | ₹72.00 |
| 20 Jun 2022 | Final | ₹56.50 |
| 25 May 2021 | Final | ₹12.50 |
Latest announcements
Routine notices left out.Britannia Industries announcements
Oct 2026
6 Oct · Meeting
Sep 2026
29 Sep · Board meeting
Britannia Industries share price by year
Each calendar year to 2025.Britannia Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 6,031.00 | +26.6% | 6,300.50 | 4,575.20 |
| 2024 | 4,762.75 | −10.8% | 6,446.05 | 4,668.30 |
| 2023 | 5,338.45 | +23.9% | 5,338.45 | 4,199.95 |
| 2022 | 4,307.45 | +19.5% | 4,526.50 | 3,094.50 |
| 2021 | 3,606.00 | +0.8% | 4,124.20 | 3,331.20 |
| 2020 | 3,576.35 | +18.1% | 3,982.65 | 2,137.85 |
| 2019 | 3,027.80 | −2.8% | 3,352.50 | 2,384.50 |
| 2018 | 3,115.40 | +32.3% | 3,450.08 | 2,265.23 |
| 2017 | 2,354.63 | +63.2% | 2,461.63 | 1,426.20 |
| 2016 | 1,443.15 | −2.7% | 1,769.95 | 1,282.10 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 4,580.00 | 4,580.00 | 4,520.30 | 4,560.00 | 4,557.26 | 3,08,065 | 61.8% |
| 26 Oct 2026 | 4,544.50 | 4,580.00 | 4,507.90 | 4,580.00 | 4,553.08 | 2,41,188 | 43.4% |
| 23 Oct 2026 | 4,630.00 | 4,634.70 | 4,515.00 | 4,537.90 | 4,551.76 | 2,19,106 | 51.7% |
| 22 Oct 2026 | 4,665.20 | 4,667.10 | 4,596.90 | 4,625.00 | 4,616.93 | 2,38,085 | 55.4% |
| 21 Oct 2026 | 4,675.00 | 4,730.00 | 4,649.70 | 4,683.60 | 4,671.21 | 2,62,015 | 63.6% |
| 19 Oct 2026 | 4,774.00 | 4,787.90 | 4,703.90 | 4,705.00 | 4,740.15 | 1,30,763 | 54.6% |
| 16 Oct 2026 | 4,850.80 | 4,850.80 | 4,764.00 | 4,764.00 | 4,796.32 | 2,89,091 | 50.3% |
| 15 Oct 2026 | 4,910.00 | 4,964.00 | 4,781.80 | 4,850.00 | 4,861.85 | 3,02,805 | 44.1% |
| 14 Oct 2026 | 4,806.00 | 4,928.00 | 4,781.10 | 4,928.00 | 4,877.59 | 3,17,595 | 64.6% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 29 Nov 2018 | Split | 0.5000 | Each share became 2. |
| 8 Sep 2010 | Split | 0.2000 | Each share became 5. |
Company details
- NSE symbol
- BRITANNIA
- BSE code
- 500825
- ISIN
- INE216A01030
- Industry
- Food Products
- Website
- www.britannia.co.in
- CIN
- L15412WB1918PLC002964
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1918
- Registered office
- 5 / 1 A Hungerford Street, Kolkata 700017, West Bengal
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments