Britannia Q3FY26 Results: Revenue slightly below estimates; profit rises 17%

Britannia Q3FY26 Results: Britannia Industries reported consolidated revenue of Rs 4,885 crore for the quarter ended 31st December 2025, up 9.5 per cent year-on-year from Rs 4,462 crore in Q3FY25. This was slightly below Zee Business’ estimate of Rs 5,015 crore, which implied a 9.2 per cent Y-o-Y growth from Rs 4,593 crore last year.

Net profit for the quarter rose 17.1 per cent to Rs 682 crore, compared with Rs 582 crore in the year-ago period, broadly in line with Zee Business’ estimate of Rs 682 crore. EBITDA for the quarter stood at Rs 977 crore, up 15.6 per cent from Rs 845 crore a year ago, delivering an improved margin of 19.5 per cent versus 18.4 per cent in Q3FY25.

Nine-month performance

For the nine months ended 31st December 2025, Britannia’s consolidated revenue reached Rs 14,172 crore, up 7.7 per cent from Rs 13,157 crore in the same period last year. Net profit grew 14.7 per cent to Rs 1,857 crore from Rs 1,619 crore, reflecting steady operational performance and cost management across its portfolio.

Commenting on the results, Managing Director and CEO Rakshit Hargave said, “The consolidated revenue growth of 9.5 per cent during the quarter, coupled with a faster 17 per cent growth in profits, underscores a return to healthy momentum. This was driven by strong performance across biscuits and adjacent categories, alongside a relatively stable commodity cost environment.”

While the biscuit industry continues to stabilise following GST rate adjustments, Britannia’s business recorded around 12 per cent growth in November and December. Growth was driven by sustained media investments to enhance brand visibility, portfolio innovations such as the 50-50 Dipped range, and offerings aimed at a wider consumer base including ‘Veg’ cake variants and ‘Doodh’ Marie Gold.