Shares of Britannia Industries fell around 2% in early trade on August 6, as the company’s Q1 FY26 earnings came in below street expectations on the margin and profit fronts, despite steady revenue growth. As of 9:16 AM, the shares were trading 2.35% lower at Rs 5,503.00.
The FMCG major reported a consolidated revenue of ₹4,622.22 crore, marking a year-on-year increase of 8.8% from ₹4,250.29 crore. This was slightly ahead of analyst estimates pegged at ₹4,610.9 crore, supported by improved distribution and resilient demand in its core biscuits segment.
However, operating performance remained under pressure. EBITDA for the quarter stood flat at ₹757.05 crore, compared to ₹753.66 crore in the same period last year. This was well below the market estimate of ₹814.5 crore. Consequently, EBITDA margin declined to 16.4%, down from 17.7% a year ago, missing the projected 17.67%.
On the bottom line, net profit rose 3% YoY to ₹520.72 crore, up from ₹505.64 crore. However, this too missed expectations, which were around ₹568.95 crore, reflecting ongoing cost pressures and input price volatility.
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