Britannia Industries logo

Britannia Industries share price

NSE: BRITANNIABSE: 500825Food ProductsLarge Cap

Britannia Industries Limited · Face value ₹1 · Listed Nov 1998
Last close ₹4,567.30up ₹7.30 (0.16%)BSE ₹4,570.00

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

52-week range of traded prices to 28 Oct 2026
₹4,499.90Low, 28 Oct 2026₹6,271.00High, 7 Jan 2026
Market cap
₹1,10,012 Cr71st largest listed
P/E
42.25
P/B
21.54
Dividend yield
1.98%
ROE
55.0%
ROCE
50.7%
Debt to equity
0.26
Volume, NSE
3,21,90663.6% delivered

Britannia Industries share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−22.1%over a year · Nifty FMCG −23.6% · Nifty 500 −8.8%

Results20-session average 2,55,469 shares a day, 55.7% 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

  • In the Brand Footprint India Report 2025 by Worldpanel (Numerator), Britannia ranked 1st among FMCG (fast-moving consumer goods) brands in India in the out-of-home category and 2nd in the in-home category, the company says.24
  • Its brands reach over 180 million households, the company says.25

Revenue mix

  • Share of the company's own turnover by product, approximate1
    Itemyear to Mar 2026
    Bakery products and salted snacksabout 97%
    Dairy productsabout 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. 1. Annual report, 16 Sep 2026, page 56
  2. 2. Annual report, 16 Sep 2026, page 37
  3. 3. Annual report, 16 Sep 2026, page 19
  4. 4. Annual report, 16 Sep 2026, page 8
  5. 5. Annual report, 16 Sep 2026, page 56
  6. 6. Annual report, 16 Sep 2026, page 2
  7. 7. Annual report, 16 Sep 2026, page 35
  8. 8. Annual report, 16 Sep 2026, page 20
  9. 9. Earnings call, 7 Aug 2026, page 5
  10. 10. Annual report, 16 Sep 2026, page 36
  11. 11. Annual report, 16 Sep 2026, page 41
  12. 12. Annual report, 16 Sep 2026, page 17
  13. 13. Annual report, 16 Sep 2026, page 31
  14. 14. Annual report, 16 Sep 2026, page 42
  15. 15. Annual report, 16 Sep 2026, page 114
  16. 16. Annual report, 16 Sep 2026, page 25
  17. 17. Annual report, 16 Sep 2026, page 24
  18. 18. Investor presentation, 7 Aug 2026, page 20
  19. 19. Investor presentation, 7 Aug 2026, page 20
  20. 20. Earnings call, 7 Aug 2026, page 3
  21. 21. Earnings call, 7 Aug 2026, page 13
  22. 22. Annual report, 16 Sep 2026, page 18
  23. 23. Exchange filing, 7 May 2026, page 1
  24. 24. Annual report, 16 Sep 2026, page 22
  25. 25. Annual report, 16 Sep 2026, page 21
  26. 26. Investor presentation, 7 Aug 2026, page 8
  27. 27. Earnings call, 7 Aug 2026, page 4
  28. 28. Earnings call, 7 Aug 2026, page 10
  29. 29. Earnings call, 7 Aug 2026, page 15
  30. 30. Earnings call, 7 Aug 2026, page 9
  31. 31. Investor presentation, 7 Aug 2026, page 9
  32. 32. Investor presentation, 7 Aug 2026, page 13
  33. 33. Annual report, 16 Sep 2026, page 51
  34. 34. Annual report, 16 Sep 2026, page 62
  35. 35. Annual report, 16 Sep 2026, page 62
  36. 36. Annual report, 16 Sep 2026, page 77
  37. 37. Earnings call, 7 Aug 2026, page 15
  38. 38. Earnings call, 7 Aug 2026, page 17
  39. 39. Earnings call, 7 Aug 2026, page 11
  40. 40. Earnings call, 7 Aug 2026, page 16
  41. 41. Earnings call, 7 Aug 2026, page 18
  42. 42. Exchange filing, 1 Jan 2026, page 1
  43. 43. Exchange filing, 3 Mar 2026, page 1

Results

Consolidated; ₹ crore.Britannia Industries quarterly results

Revenue growth, 12 months
+6.6%
Net profit growth, 12 months
+18.7%

Quarter to Jun 2026, against the quarter before

Revenue
₹5,000 Crup 5.96%
Net profit
₹593 Crdown 12.70%
Net margin
11.9%

Revenue by quarter

₹4,668 CrSep 24₹4,593 CrDec 24₹4,432 CrMar 25₹4,622 CrJun 25₹4,841 CrSep 25₹4,970 CrDec 25₹4,719 CrMar 26₹5,000 CrJun 26
Peak revenue ₹5,000 Cr, quarter to Jun 2026; lowest ₹4,432 Cr, quarter to Mar 2025

Net profit by quarter, a loss in red

₹532 CrSep 24₹582 CrDec 24₹559 CrMar 25₹520 CrJun 25₹655 CrSep 25₹682 CrDec 25₹680 CrMar 26₹593 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue4,6684,5934,4324,6224,8414,9704,7195,000
Net profit532582559520655682680593
Net margin11.4%12.7%12.6%11.3%13.5%13.7%14.4%11.9%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

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

Price to earnings

At or below today's level on 2% of 2,478 trading days over the last 10 years.

LowestHighest
Its median57.43Industry median29.92
Price to book

At or below today's level on 19% of 1,858 trading days since May 2019.

LowestHighest
Its median32.54Industry median1.88
Dividend yield

At or below today's level on 83% of 2,457 trading days over the last 10 years.

LowestHighest
Its median1.29%Industry median0.45%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Britannia Industries shareholding pattern

Shareholding by group

  • Promoters50.55%
  • Foreign institutions12.94%
  • Indian institutions21.47%
  • Individuals and others15.04%
Holder
ASSOCIATED BISCUITS INTERNATIONAL LIMITEDPromoter44.76%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies3.80%
LICI ULIP-GROWTH FUNDOther Indian institutions1.42%
BANNATYNE ENTERPRISES PTE LTDPromoter1.16%
DOWBIGGIN ENTERPRISES PTE LTDPromoter1.16%
NACUPA ENTERPRISES PTE LTDPromoter1.16%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.46 pts, Indian institutions +0.54 pts, mutual funds −0.84 pts.

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 time
1
Bought again
6
Added
111
Cut
69
Held unchanged
114
Sold out
11
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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

Return on equity across, P/E up, size is market cap
Company
Nestle India logoNestle IndiaNESTLEIND2,25,22755.2438.99+21.7%+38.2%79.9%92.5%1.20%
Zydus Wellness logoZydus WellnessZYDUSWELL14,75078.372.53+66.3%−42.5%3.3%4.5%0.26%
Bikaji Foods International logoBikaji Foods InternationalBIKAJI11,55644.707.19+13.8%+27.9%17.3%16.4%0.27%
The Bombay Burmah Trading Corporation logoThe Bombay Burmah Trading CorporationBBTC8,2266.381.17+6.6%+13.1%20.4%28.6%1.44%
Mrs. Bectors Food Specialities logoMrs. Bectors Food SpecialitiesBECTORFOOD5,58237.524.39+11.1%+7.3%12.2%12.6%0.72%
Gopal Snacks logoGopal SnacksGOPAL3,05636.396.38+12.0%–19.0%12.1%0.41%
ADF Foods logoADF FoodsADFFOODS2,65028.814.63+19.4%+31.2%17.3%19.6%0.50%
Prataap Snacks logoPrataap SnacksDIAMONDYD2,518219.063.60+6.4%–1.7%2.3%0.05%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

11Mar 1713Mar 1815Mar 1935Mar 20158Mar 2157Mar 2272Mar 2374Mar 2475Mar 2591Mar 26
Highest ₹157.50 a share, year to Mar 2021.
Ex-dateTypePer share
31 Jul 2026Final₹90.50
4 Aug 2025Final₹75.00
5 Aug 2024Final₹73.50
13 Apr 2023Interim₹72.00
20 Jun 2022Final₹56.50
25 May 2021Final₹12.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Britannia Industries announcements

Britannia Industries share price by year

Each calendar year to 2025.Britannia Industries share price history

YearClose at year endChangeHighest closeLowest close
20256,031.00+26.6%6,300.504,575.20
20244,762.75−10.8%6,446.054,668.30
20235,338.45+23.9%5,338.454,199.95
20224,307.45+19.5%4,526.503,094.50
20213,606.00+0.8%4,124.203,331.20
20203,576.35+18.1%3,982.652,137.85
20193,027.80−2.8%3,352.502,384.50
20183,115.40+32.3%3,450.082,265.23
20172,354.63+63.2%2,461.631,426.20
20161,443.15−2.7%1,769.951,282.10
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20264,580.004,580.004,520.304,560.004,557.263,08,06561.8%
26 Oct 20264,544.504,580.004,507.904,580.004,553.082,41,18843.4%
23 Oct 20264,630.004,634.704,515.004,537.904,551.762,19,10651.7%
22 Oct 20264,665.204,667.104,596.904,625.004,616.932,38,08555.4%
21 Oct 20264,675.004,730.004,649.704,683.604,671.212,62,01563.6%
19 Oct 20264,774.004,787.904,703.904,705.004,740.151,30,76354.6%
16 Oct 20264,850.804,850.804,764.004,764.004,796.322,89,09150.3%
15 Oct 20264,910.004,964.004,781.804,850.004,861.853,02,80544.1%
14 Oct 20264,806.004,928.004,781.104,928.004,877.593,17,59564.6%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
29 Nov 2018Split0.5000Each share became 2.
8 Sep 2010Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Nusli Neville Wadia
At the end of the quarter to Jun 2026
Managing director and CEO
Rakshit Hargave
At the end of the quarter to Jun 2026
NSE symbol
BRITANNIA
BSE code
500825
ISIN
INE216A01030
Industry
Food Products
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