The FMCG sector has seen a lot of movement in recent months, but this time the story is different. Do you know which company added the most sweetness to its quarterly numbers?
We’re talking about Britannia Industries, the company behind your favorite Marie Gold and Bourbon biscuits. In its Q2 FY26 results, Britannia surprised everyone by outperforming analyst expectations.
Strong Growth in Revenue and Profit
In the September quarter (Q2 FY26), Britannia’s consolidated net profit rose 23% to ₹655 crore, compared to ₹532 crore in the same period last year.
Revenue grew 4.1% to ₹4,840 crore, up from ₹4,667 crore in Q2 FY25.
Quarterly Performance Snapshot
| Quarter | Revenue (₹ Cr) | Net Profit (₹ Cr) | YoY Growth |
|---|---|---|---|
| Q2 FY25 | 4,667 | 532 | — |
| Q1 FY26 | 4,780 | 520 | — |
| Q2 FY26 | 4,840 | 655 | +23% |
Management’s Statement
Britannia’s Executive Vice-Chairman and CEO, Varun Berry, said the company benefitted this quarter from stable commodity prices and cost optimization.
According to him, “While revenue growth was moderate, the 23% jump in profits reflects our strong operational focus.”
He also stated that the recent GST rate rationalization by the government could improve consumer demand, although some transitional challenges were visible during the quarter.
New Leadership
The company announced that Rakshit Hargave will become Britannia’s new CEO starting 15 December, replacing Rajneet Kohli, who recently took on a new role at Hindustan Unilever.
Until now, Varun Berry had been serving as interim CEO.
Strategy Ahead
Varun Berry said that Britannia will now focus on volume-led growth, strengthening its presence in regional markets with consumer-centric products and competitive pricing.
The company aims to maintain its brand leadership amid rising competition from local players.
Key Strategic Priorities
- Launching regional flavors and new products tailored to different states
- Strengthening distribution networks
- Enhancing cost efficiency to sustain margins
Conclusion
This quarter proved to be “sweet and solid” for Britannia, with profit margins and brand strength both improving significantly. If the company continues with its volume-led strategy, its performance could become even stronger in the coming quarters.
