Britannia Industries Ltd

Britannia Industries Ltd

4,640.00
INR
-37.00
(-0.79%)
102.77EPS
50.46P/E
1.25TMarket Cap
Nov 10Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
285.03
324.16
346.99
373.46
409.4
456.76
476.08
535.2
578.93
663.64
686.94
727.99
782.93
791.73
Basic EPS, GAAP
16.5
28.71
34.37
36.86
41.83
48.25
58.35
77.43
63.31
96.39
88.84
90.45
105.18
102.56
Free Cash Flow per Basic Share
28.03
24.37
39.98
18.39
52.01
48.11
51.6
67.92
31.11
75.34
83.87
87.84
99.89
- -
Dividend per Share
4.96
7.01
9.62
12.02
13.22
14.75
17.99
117.31
103.16
56.43
71.93
73.38
74.89
- -
Book Value per Share
33.28
62.07
87.17
112.35
141.86
176.98
183.09
147.29
106.2
146.73
163.64
180.83
212.01
- -
Tangible Book Value per Share
28.15
56.92
81.78
106.54
136.19
171.24
176.97
141.29
99.76
140.82
157.8
175.01
205.82
- -
Basic Weighted Avg Shares
240
240
240
240
240
240
240
241
241
241
241
241
241
241
Sales/Revenue/Turnover
68,293
77,751
83,254
89,623
98,295
109,735
114,440
128,830
139,447
159,849
165,462
175,350
188,582
190,704
Operating Margin (%)
7.98
9.34
13.34
12.95
13.82
14.35
14.49
17.94
14.35
16.33
17.34
16.39
17.01
16.25
Depreciation Expense
832
1,445
1,134
1,193
1,421
1,619
1,848
1,979
2,005
2,259
3,005
3,133
3,368
3,313
Net Income, GAAP
3,954
6,886
8,246
8,845
10,042
11,591
14,026
18,639
15,248
23,218
21,398
21,787
25,335
24,704
Effective Tax Rate (%)
30.49
27.5
32.45
32.18
33.87
34.64
24.44
26.38
27.06
23.62
26.75
25.58
22.86
22.71
Profit Margin (%)
5.79
8.86
9.9
9.87
10.22
10.56
12.26
14.47
10.93
14.52
12.93
12.43
13.43
12.95
Working Capital
-2,000
4,264
3,943
9,938
15,033
16,749
10,965
8,106
-1,648
6,118
7,643
2,954
4,977
- -
LT Debt
284
342
377
314
846
619
7,819
7,623
7,208
15,662
9,249
7,324
3,054
- -
Total Equity
8,005
14,912
20,941
26,990
34,194
42,859
44,385
35,840
25,856
35,645
39,660
43,813
51,359
- -
Return on Invested Capital (%)
38.8
47.11
37.91
30.74
27.55
25.14
23.52
28.6
26.32
37.99
32.28
34.87
39.43
- -
Return on Capital (%)
42.42
53.54
42.92
35.18
31.33
28.97
28.11
33.43
30.39
42.17
35.9
39.04
42.94
- -
Return on Common Equity (%)
58.31
60.23
46.06
36.94
32.91
30.27
32.41
46.89
49.95
76.22
57.25
52.52
53.55
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
10,922
- -
LT Borrowings
- -
2,861
- -
LT Finance Leases
- -
193
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
241
241
241
Market Capitalization
1,452,653
1,307,048
1,246,493

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
46,777
- -
Cash, Cash Equivalents & STI
- -
19,489
- -
Accounts Receivable, Net
- -
4,692
- -
Inventories
- -
13,459
- -
Total Current Liabilities
- -
41,800
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
10,922
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.42%
9.79%
17.22%
Free Cash Flow
27.85%
23.56%
13.72%
Net Income, GAAP
13.45%
8.87%
16.28%
Sales/Revenue/Turnover
8.57%
7.98%
7.55%
Total Cash Common Dividend
59.58%
-5.15%
2.06%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
41,299
45,662
44,633
43,756
175,350
2026
45,349
- -
48,852
46,860
188,582
2027
49,644
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
20.99
22.06
24.15
23.25
90.45
2026
21.62
- -
28.23
28.16
105.18
2027
24.55
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
73.38
2026
- -
- -
- -
- -
74.89
2027
- -
- -
- -
- -
- -

Company Description

CEO
Rakshit Hargave
Full Time Employees
23,755
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
The Business Precinct, Tower C Bangalore KA India 560048
IPO Date
Nov 3, 1994
Business
Britannia Industries Limited manufactures and markets a broad portfolio of food products, primarily biscuits, bread, rusk, cakes, dairy items and adjacent snacking categories including nutrition bars and croissants; its key biscuit brands encompass Good Day, Tiger, Marie Gold, NutriChoice, 50-50, Treat, Milk Bikis, Bourbon, Nice Time and Little Hearts, while bakery offerings feature gourmet breads, wheat flour breads, white bread, Veg Cake, Toastea and Layerz, and dairy products include cheese under the Winkin' Cow brand, paneer, dahi, ghee, butter, milk, yoghurt and beverages. Founded in 1892 and headquartered in Bengaluru with legacy roots in Kolkata, the company, part of the Wadia Group, operates manufacturing facilities across India and exports to over 80 countries, commanding a leading position in India's organised biscuit market with approximately 33% share and significant presence in organised bread. Recent developments include the April 2025 launch of Britannia A-Eye, an AI-powered retail innovation in collaboration with WPP and built on Google Gemini for visually impaired shoppers; a new unit inaugurated in Patna, Bihar in December 2023; the introduction of millet bread as the first organised FMCG entrant in April 2023 aligning with government nutrition goals; croissant business surpassing Rs 100 crore revenue in fiscal 2023; a December 2022 joint venture with France's Bel Group, where Britannia holds 51% stake, to expand packaged cheese fivefold to Rs 1,250 crore over five years; and acquisition of a controlling stake in Kenya's Kenafric Biscuits in 2022, alongside ongoing talks as of 2024 to acquire a majority in Guwahati-based Kishlay Foods for northeastern expansion.