Britannia Industries Q1 Results: Profit Rises But Misses Estimates
Margin narrows to 16.4% versus 17.7% in the same quarter last year.
Britannia Industries Ltd. reported a 3% increase in its Q1 FY26 net profit, while revenue of the FMCG company has gone up 8.8%.
The biscuit maker has reported a consolidated bottom line of Rs 520.72 crore, according to an exchange filing on Tuesday. It has missed Bloomberg analysts' consensus estimate of Rs 568.95 crore.
Britannia Q1 FY26 Highlights (Consolidated, YoY)
Revenue up 8.8% to Rs 4,622.22 crore versus Rs 4,250.29 crore (Estimate: Rs 4,610.9 crore).
Net profit up 3% to Rs 520.72 crore versus Rs 505.64 crore (Estimate: Rs 568.95 crore).
Ebitda flat at Rs 757.05 crore versus Rs 753.66 crore (Estimate: Rs 814.5 crore).
Margin at 16.4% versus 17.7% (Estimate: 17.67%).
Shares of Britannia settled 2.62% lower at Rs 5,787 apiece on the National Stock Exchange before the announcement, compared to a 0.30% decline in the benchmark Nifty. The share price has risen 18.32% in the last 12 months but fallen 1.10% on a year-to-date basis.
Out of the 39 analysts tracking the company, 21 have a 'buy' rating on the stock, 11 suggest 'sell' and seven recommend 'hold', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 4.1%.
