Minerva Capital Research Solutions

Britannia Industries

NSE: BRITANNIABSE: 500825
Compare with peers
₹ 4,567.30▲ 7.3 (+0.16%)28 Oct, 03:28 pm IST
Market cap
₹ 1,09,542 Cr.
P/E
42.2x
P/B
21.82x
52-week range
4,499.9 – 6,271
ROE
54%
ROCE
56%
Dividend yield
2%
Debt / equity
0.27
Sector
Food Products
Industry
Packaged Foods
Listed on
NSE, BSE

About

Britannia Industries Limited is an India-based food products company. The Company is primarily involved in manufacturing and selling various food products. The Company's product categories include biscuits, dairy, snacking, cakes, rusk, breads and nutritious bars. The Company's dairy products include cheese, Winkin' Cow, Come Alive Paneer, Come Alive Dahi, ghee and Dairy Whitener. The Company's dairy products include cheese, Winkin' Cow, Come Alive Paneer, Come Alive Dahi, Ghee and Dairy Whitener. Its bread products include gourmet breads, white bread and wheat flour breads. Its gourmet breads include Fruit Bun, Fruit Bread, Choco bread and Choco Bun. Its white breads include Vitarich Bread, Sweet Bread, Vitarich Bread, Milk Bread and Sandwich Bread. Its cake products include Gobbles, Muffils, Nuts and Raisin Romance Cake, Roll Yo!, and Tiffin Fun. Its snacking products include Treat Croissant, Treat Creme Wafers and Time Pass Salted Snacks.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Packaged Foods: 56 companies →

Britannia Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)42.2 against a typical 42.7: cheaper than most peers (1st = cheapest).28th of 56
  • Sales growth+8.2% against a typical +15.3% from a year earlier.27th of 45
  • Profit growth+14% against a typical +7.5% from a year earlier.16th of 40
  • Share price, 3 months−17.2% against a typical −10.1%.34th of 51
  • Size₹ 1,09,542.1 Cr. market value against a typical ₹ 99 Cr. (1st = largest).2nd of 53

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Highest safety

Rated AAA by CRISIL
AAA
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CRISILCrisil AAAStable6 Oct 2026
Credit rating actions
RatingDetails
6 Oct 2026
Reaffirmed
Crisil AAA—CRISIL₹ 3,500 Cr.
14 Aug 2026
Reaffirmed
Crisil AAA—CRISIL₹ 3,500 Cr.
8 Oct 2025
Withdrawn
was Crisil AAA—CRISIL₹ 4,580.48 Cr.
30 Sep 2025
Reaffirmed
Crisil AAA—CRISIL₹ 4,580.48 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
5 Nov 2026UpcomingFinancial ResultsTo consider and approve the Unaudited Consolidated and Standalone financial results for the quarter and half year ended 30 September 2026
6 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
7 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
10 Feb 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
5 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
5 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
8 May 2025Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2025 and recommendation of dividend, if any

Share price

1Y change −22.75%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,4334,2564,0694,2504,6684,5934,4324,6224,8414,9704,7195,000
Expenses3,5623,4373,2863,4973,8883,7503,6323,8703,8893,9923,8854,162
Operating Profit871820784753780843801752951977834838
OPM %20%19%19%18%17%18%18%16%20%20%18%17%
Other Income524857314662635752595561
Interest533126293545312635331923
Depreciation727880747682818285858580
Profit before tax799758735681715778752701884919785797
Tax %27%27%27%26%26%25%26%26%26%26%13%26%
Net Profit586556537505532582559520655682680593
EPS in Rs24.3923.122.3520.9922.0624.1523.2521.6227.1728.2328.1624.55

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
9%
5 Years
8%
3 Years
6%
TTM
7%
Compounded Profit Growth
10 Years
12%
5 Years
6%
3 Years
8%
TTM
19%
Stock Price CAGR
10 Years
12%
5 Years
7%
3 Years
7%
TTM
—
Return on Equity
10 Years
46%
5 Years
56%
3 Years
54%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
50.55%
0 pts in a year
FIIs
13.4%
−2.18 pts in a year
DIIs
20.88%
+2.23 pts in a year
Government
0.05%
+0.04 pts in a year
Public
15.13%
−0.07 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 42.2xEPS (12 months) ₹ 108.11Median P/E 50.1x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Britannia Industries₹ 4,567.30₹ 1,09,542 Cr.42.2x21.8x54%—
Nestle India₹ 1,173.45₹ 2,26,278 Cr.80.4x53.4x76.3%15.1%
Tata Consumer Products₹ 960.00₹ 95,010 Cr.67.4x4.9x7.4%8.1%
Godrej Industries₹ 918.00₹ 30,884 Cr.34.9x4x11.6%10.9%
Patanjali Foods₹ 351.00₹ 38,193 Cr.18.9x2.8x14.8%4.5%
AWL Agri Business₹ 173.00₹ 22,484 Cr.23.2x2.3x10.5%1.3%

Management

Rakshit Hargave
Chief Executive Officer, Managing Director, Executive Director
N. Venkataraman
Chief Financial Officer, Executive Director
Susheel Navanale
Chief Information Officer
Puneet Das
Chief Marketing Officer
Sona Rajora
Compliance Officer, Company Secretary
Siddharth Gupta
Vice President of Marketing
Ritesh Rana
Vice President - Human Resources
Manoj Balgi
Chief Manufacturing and Procurement Officer

Prices are delayed and for information only. Nothing on this page is investment advice.