Britannia Q1 Preview: Analysts See Profit And Revenue Growth, Aided By Price Hikes

FMCG major Britannia Industries Ltd. is set to announce its financial results for the quarter ending June 2025 on Tuesday. Here's what analysts see in store for the quarter under review.

Britannia's growth in terms of revenue appears healthy to most analysts tracking the company. They predict higher pricing and volume growth to support the rise in topline. Earnings before tax, interest, depreciation and amortisation might also see a marginal increase but can be muted because of elevated raw material costs.

JM Financials considers Britannia as one of its top picks while other brokerages like HSBC have a 'reduce' rating on the stock.

Overall demand environment in the FMCG space is beginning to show signs of recovery, say brokerages.

• Revenue seen 8% higher YoY at Rs 4,610.9 crore

• Net profit seen 13% higher YoY at Rs 569 crore

• Ebitda seen 8% higher YoY at Rs 814.5 crore

• Ebitda margin seen at 17.7% versus 18.2% in Q4 FY25.

• Expects 9% YoY revenue growth, driven by 5-6% growth in pricing

• Expect a dip of 0.8% or 80 basis points in Ebitda margin on high input cost inflation and negative operating leverage

• Expect to see 4% volume growth in Q1 of FY26

• Other operating income to see 30% decline year-on-year

• Revenue rise of 10% expected

• Gross margins to contract

• Ebitda margin expected at 18%

• One of the top picks for the brokerage

• Forecasts 9% revenue growth aided by 6% price hikes and grammage cuts

• Biscuit volume to grow by 3% while pricing will see 6% rise, these are key growth drivers for the company

• The company may be one of the outperformers in terms of volume and pricing both

• Expects 5.5% volume growth

• Expects growth realisation on 1.5-2% price hikes expected to be implemented in the current quarter

• Gross margins are predicted to contract 2.2% or 220 basis points given high-base and rise in commodity prices