BBTCL September-quarter profit rises 7.7%; food-bakery revenue grows

The Bombay Burmah Trading Corporation Limited reported consolidated profit after tax of Rs 609.66 crore for the quarter ended 30 September 2026, up 7.7% from Rs 565.97 crore a year earlier. Food-bakery and dairy products revenue rose to Rs 5,601.10 crore from Rs 4,870.99 crore, while reported operating and net profit margins declined.

How did BBTCL’s September-quarter profit change?

BBTCL’s consolidated profit after tax increased by Rs 43.69 crore year on year to Rs 609.66 crore in the September 2026 quarter, from Rs 565.97 crore in the quarter ended 30 September 2025. Profit also exceeded the Rs 582.67 crore reported in the preceding June 2026 quarter by Rs 26.99 crore.

Profit before tax was Rs 979.65 crore, against Rs 891.09 crore a year earlier, while total tax expense rose to Rs 369.99 crore from Rs 325.12 crore. The September 2026 quarter had no exceptional item, whereas the September 2025 quarter included an exceptional gain of Rs 3.13 crore.

Total comprehensive income declined to Rs 653.70 crore from Rs 671.08 crore despite the rise in profit after tax, because other comprehensive income fell to Rs 44.04 crore from Rs 105.11 crore. Profit attributable to BBTCL’s owners was Rs 248.05 crore, compared with Rs 241.68 crore, while the share attributable to non-controlling interests was Rs 361.61 crore versus Rs 324.29 crore.

What drove BBTCL’s revenue growth in the September quarter?

Food-bakery and dairy products were BBTCL’s main reported revenue segment at Rs 5,601.10 crore in the September 2026 quarter, up Rs 730.11 crore from Rs 4,870.99 crore a year earlier. The segment accounted for the bulk of the group’s Rs 6,878.29 crore gross segment revenue before eliminating Rs 1,080.48 crore of inter-segment revenue.

Revenue from operations rose to Rs 5,698.20 crore from Rs 4,942.83 crore, an increase of Rs 755.37 crore. Sale of products and services contributed Rs 5,640.87 crore, compared with Rs 4,852.85 crore, while other operating income decreased to Rs 57.33 crore from Rs 89.98 crore. Other income nevertheless increased to Rs 99.61 crore from Rs 81.44 crore, taking total income to Rs 5,797.81 crore.

The investments segment reported revenue of Rs 1,175.04 crore, up from Rs 952.21 crore, but its large inter-segment component forms part of the Rs 1,080.48 crore elimination. Among smaller businesses, healthcare revenue increased to Rs 11.28 crore from Rs 9.41 crore, whereas tea plantations declined to Rs 14.46 crore from Rs 18.42 crore and auto electrical components edged down to Rs 52.63 crore from Rs 53.38 crore.

Why did BBTCL’s margins decline despite higher profit?

BBTCL’s reported operating margin was 17.59% in the September 2026 quarter, below 18.94% a year earlier, while net profit margin declined to 10.70% from 11.45%. Total income increased by Rs 773.54 crore to Rs 5,797.81 crore and total expenses increased by Rs 681.02 crore to Rs 4,814.94 crore.

Cost of materials consumed increased to Rs 3,280.77 crore from Rs 2,687.97 crore, a rise of Rs 592.80 crore. Other expenses increased by Rs 117.43 crore to Rs 1,039.00 crore, while employee benefits expense rose to Rs 227.75 crore from Rs 208.68 crore. Finance costs declined to Rs 39.66 crore from Rs 41.04 crore and depreciation and amortisation declined to Rs 82.43 crore from Rs 88.71 crore.

The food-bakery and dairy products segment reported a segment result of Rs 933.70 crore, up from Rs 899.81 crore, alongside its higher revenue. Investments reported segment result of Rs 96.31 crore versus Rs 36.69 crore, while the auto electrical components business moved to a Rs 0.58 crore loss from a Rs 2.89 crore profit and tea plantations recorded a Rs 5.43 crore loss versus a Rs 4.95 crore loss.

For the six months ended 30 September 2026, operating margin was 16.84%, compared with 17.21% in the corresponding prior-year period, while net profit margin was 11.05% versus 11.02%. Six-month profit after tax rose to Rs 1,192.33 crore from Rs 1,063.63 crore, and food-bakery and dairy revenue reached Rs 10,604.55 crore compared with Rs 9,496.97 crore.

What changed in BBTCL’s balance sheet and cash flows?

BBTCL’s total assets stood at Rs 16,512.90 crore on 30 September 2026, up from Rs 14,538.68 crore at 31 March 2026. Current assets increased to Rs 6,748.17 crore from Rs 5,352.21 crore, including inventories of Rs 2,394.69 crore against Rs 1,407.74 crore and cash and cash equivalents of Rs 1,210.49 crore against Rs 704.06 crore.

Total liabilities rose to Rs 6,690.58 crore from Rs 4,940.47 crore over the same period. Current borrowings increased to Rs 2,611.50 crore from Rs 1,269.58 crore, and trade payables due to creditors other than micro and small enterprises rose to Rs 2,225.70 crore from Rs 1,928.03 crore. Total equity was Rs 9,822.32 crore, compared with Rs 9,598.21 crore at the March 2026 year end.

Net cash generated from operating activities for the six months was Rs 756.55 crore, up from Rs 223.18 crore in the corresponding prior-year period. BBTCL reported an Rs 986.95 crore inventory-related cash outflow, compared with Rs 959.95 crore previously, while net short-term borrowing proceeds were Rs 1,309.45 crore and dividend payments were Rs 1,070.53 crore.

Conclusion

BBTCL delivered higher quarterly revenue and profit for the quarter ended 30 September 2026, with food-bakery and dairy products adding Rs 730.11 crore of year-on-year segment revenue and generating Rs 933.70 crore of segment result. However, operating margin fell by 1.35 percentage points and net profit margin by 0.75 percentage points, while inventories and current borrowings both increased from 31 March 2026.

The disclosed unresolved matter concerns the Supreme Court proceedings following the Securities and Exchange Board of India’s appeal against the Securities Appellate Tribunal’s 16 January 2026 decision that set aside its order involving Bombay Dyeing and Manufacturing Company Limited, an associate of BBTCL. The Supreme Court issued notice on 13 July 2026 and directed Bombay Dyeing and others to file replies, according to BBTCL’s filing.