Shares of Britannia Industries surged nearly 5% to Rs 6,186 in Thursday’s trade after the company posted strong Q2 FY26 results, announced a new CEO appointment, and reported a stellar operating performance. The stock hit its highest level in weeks as investors cheered the improved profitability and management updates.
1. Strong Q2 FY26 results beat estimates
Indian biscuit major Britannia Industries, known for brands like Marie Gold and Bourbon, reported a 23% year-on-year rise in consolidated net profit to Rs 655 crore for the quarter ended September 2025.
This compares to Rs 532 crore in the same period last year and Rs 520 crore in the previous quarter.
Revenue from operations grew 4.1% YoY to Rs 4,840 crore, driven by steady volume growth and stable pricing despite a challenging consumption environment.
Commenting on the results, Varun Berry, Executive Vice-Chairman, Managing Director & CEO, said,
“Our revenue registered reasonable growth of 4.1% with profits growing by 23.2%, driven by stable commodity prices and sustained efforts to optimise costs across the value chain.”
Berry also highlighted the short-term impact of GST rate rationalization, noting that supply chain adjustments affected late-quarter volumes but are expected to normalise going forward.
2. Leadership transition boosts investor confidence
Adding to the optimism, Britannia announced the appointment of Rakshit Hargave as its new CEO, effective December 15, 2025.
Hargave succeeds Rajneet Kohli, who left the company earlier this year to join Hindustan Unilever.
The leadership transition is being viewed positively by the market, as Hargave brings decades of FMCG experience.
Until his joining, Varun Berry continues to serve as Interim CEO, ensuring business continuity and strategic focus.
3. Stellar EBITDA performance
Britannia’s EBITDA performance was another key highlight of the quarter, with margins improving significantly on the back of lower input costs and improved operating leverage.
The combination of stable commodity prices, cost efficiencies, and premiumisation strategies helped the company deliver one of its best quarterly EBITDA growths in recent times.
Outlook
Looking ahead, Varun Berry said the company will focus on volume-led growth and expand its footprint across regions through consumer-centric products, competitive pricing, and brand-led strategies.
The company’s strong fundamentals, improved margins, and leadership stability are being viewed as positive indicators for sustained growth.
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