Britannia Industries logged a 10.1% rise in second-quarter net profit to ₹721 crore, driven by double-digit rural and urban volume growth. Revenue from operations jumped 15.6% to ₹5,598 crore from ₹4,841 crore in the corresponding period last year. Consolidated sales for the quarter ended September 30 climbed 16.6% to ₹5,542 crore. Buyers responded immediately. Shares of the packaged foods maker advanced ₹83.40, or 1.70%, to finish at ₹5,000.00 on the BSE.
Underlying demand stayed firm. Biscuit volumes jumped 13% year-on-year, countering persistent input cost inflation across key food commodities. Operating profit—measured as earnings before interest, tax, depreciation, and amortisation—rose 6.9% to ₹1,021 crore against ₹955 crore in the prior-year quarter. But profitability took a visible hit. Operating margins contracted 150 basis points to 18.2% from 19.7% a year ago, pinched by higher operational expenses.
The quarterly haul cleared market expectations. Consensus analyst estimates had penciled in a net profit of ₹715 crore on revenue of ₹5,448 crore and operating earnings of ₹1,019 crore. While headline revenue and profit surpassed projections, operating margin missed the consensus target of 18.7%.
| Metric | Q2 Current Year | Q2 Previous Year | YoY Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹5,598 cr | ₹4,841 cr | +15.6% |
| Consolidated Sales | ₹5,542 cr | ₹4,753 cr | +16.6% |
| EBITDA | ₹1,021 cr | ₹955 cr | +6.9% |
| EBITDA Margin | 18.2% | 19.7% | -150 bps |
| Net Profit | ₹721 cr | ₹655 cr | +10.1% |
| Volume Growth | 13% | — | — |
On a sequential basis, momentum accelerated sharply. Top-line revenue increased 12% quarter-on-quarter, while bottom-line net profit expanded 22%. For the first six months of the financial year ended September 30, consolidated sales rose 13.1% to ₹10,506 crore on 11% volume growth, lifting half-year net profit 12.3% to ₹1,319 crore.
Execution made the difference across regional markets. "We sustained strong top-line momentum during the quarter, delivering a healthy double-digit volume and value growth that was broad-based across channels and key states," stated Chief Executive Officer and Managing Director Rakshit Hargave in the regulatory earnings disclosure. Hargave noted that the bakery, adjacencies, and international units accelerated in tandem with core biscuit lines, backed by festival-led regional campaigns for brands including Bourbon, 50-50, Little Hearts, Winkin’ Cow, and NutriChoice.
Yet commodity volatility remains an immediate watchpoint. Management confirmed the company will maintain pricing agility and cost discipline to counter raw material pressures heading into the second half of the fiscal year.