Shares of Britannia Industries Limited dropped sharply on May 8, falling 4.64% or ₹270 to ₹5,544 on the NSE, making it one of the top losers on the exchange, as investors reacted to a revenue and EBITDA miss in the company’s Q4 FY26 results despite a healthy jump in net profit.
The intraday low touched ₹5,524, against a previous close of ₹5,814. The stock’s market capitalisation stands at approximately ₹1.34 lakh crore, with a trailing price-to-earnings ratio of 55.30 and a dividend yield of 1.35%. At current levels, Britannia is trading near the lower end of its 52-week range of ₹5,298 to ₹6,336.
What did Britannia report in Q4 FY26?
Britannia posted consolidated net profit of ₹679.68 crore for the March quarter of FY26, up 21.56% from ₹559.13 crore in Q4 FY25. Revenue from operations rose 6.46% year-on-year to ₹4,718.92 crore from ₹4,432.19 crore. Revenue from the sale of products specifically grew 7% to ₹4,685.95 crore. Total income including other income came in at ₹4,774.37 crore, up 6.2% year-on-year. Total expenses for the quarter climbed 6.2% to ₹3,969.96 crore.
Despite the profit beat, both revenue and EBITDA came in below street expectations, which appears to have driven the sharp sell-off in the stock on Friday.
What did management say about Q4 and the outlook?
Managing Director and CEO Rakshit Hargave noted that the quarter started on a steady footing, with growth of 9% in the first two months before moderating in March. He attributed the slowdown to supply disruptions in Britannia’s international business arising from the ongoing West Asia conflict, which has added freight and logistics uncertainty to the company’s supply chain.
On the domestic business, Hargave highlighted meaningful progress in e-commerce, which now contributes 6% to domestic revenues, driven by platform-first launches and a premium product mix. Adjacent categories including croissants and wafers maintained strong momentum, while flagship brands Little Hearts and Jim Jam posted robust double-digit growth during the year.
Looking ahead, he said the company has initiated steps to mitigate potential input cost inflation arising from the ongoing geopolitical conflict, and will continue investing in advertising and brand building while driving innovation across core and adjacent categories.
Full-year FY26 performance
For the full fiscal year FY26, Britannia’s consolidated profit surged 16.5% to ₹2,537.01 crore. Total consolidated income rose 6.63% to ₹19,375.62 crore, reflecting consistent revenue momentum across the year despite the Q4 international business disruption.
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