Britannia Q3 Profit Jumps 17% to ₹682 Crore on Strong Sales

Introduction

Britannia Industries Limited, the maker of Good Day and Marie Gold biscuits, announced a strong performance for the third quarter of fiscal year 2026. On February 10, the company reported a consolidated net profit of ₹682 crore for the quarter ending December 31, 2025, marking a significant 17.1% increase compared to the same period last year. This growth was supported by a healthy rise in revenue and improved operational efficiency, signaling positive momentum for the fast-moving consumer goods (FMCG) major.

Detailed Financial Performance

Britannia's consolidated revenue from operations for Q3 FY26 stood at ₹4,969.8 crore, an 8.2% increase from the ₹4,592.6 crore recorded in the corresponding quarter of the previous year. The growth in profit outpaced the growth in revenue, indicating improved profitability. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 16% year-on-year to ₹980.3 crore. Consequently, the EBITDA margin expanded to 19.7% from 18.4% a year ago, reflecting better operating leverage and disciplined cost management.

Total expenses for the quarter were reported at ₹4,108 crore, a 6% increase from the ₹3,875 crore spent in Q3 FY25. The sequential performance also showed stability, with net profit growing 4% from ₹654 crore and revenue increasing 3% from ₹4,841 crore in the preceding quarter (Q2 FY26).

Management Commentary on Growth Drivers

Rakshit Hargave, the Managing Director & Chief Executive Officer of Britannia, commented on the results, stating that the performance underscores a return to healthy growth. He attributed the strong quarter to momentum across both the biscuits and adjacent categories, which was aided by a relatively stable commodity price environment. Hargave noted that while the overall biscuit industry is stabilizing its price points after the GST rate reduction, Britannia's business grew by approximately 12% during November and December 2025.

This growth was fueled by sustained investments in media to enhance brand visibility and the introduction of new products. Key innovations that contributed to the performance include the '50-50 Dipped' range, 'Veg' cake variants, and 'Doodh' Marie Gold, which were designed to cater to a wider consumer base.

Strategic Focus and Product Innovation

Looking ahead, Britannia plans to continue its focus on strengthening its brand equity. The company's strategy involves creating elevated brand experiences for consumers and maintaining investments in marketing and product development. A key part of this strategy is the emphasis on distinctive and localized product innovations. This approach aims to address the diverse demographic and cultural preferences found across India, ensuring that the product portfolio remains relevant to different regional tastes.

Nine-Month Performance Overview

For the nine-month period from April to December 2025, Britannia's consolidated performance remained robust. The company's sales reached ₹14,172 crore, marking a 7.7% growth over the same period in the previous year. The consolidated net profit for these nine months stood at ₹1,857 crore, a notable increase of 14.7% year-on-year, reinforcing the trend of consistent profitability.

Key Leadership Appointment

In a significant corporate development, Britannia also announced the appointment of Puneet Das as its new Chief Marketing Officer, effective February 16, 2026. Das brings extensive experience from senior marketing and commercial roles at prominent companies such as Marico, PepsiCo India, GSK Consumer Healthcare, and Tata Consumer Products. His experience with iconic brands like 7Up, Horlicks, and Tata Tea is expected to bolster Britannia's marketing efforts and brand strategy.

Market Reaction

Ahead of the earnings announcement, the market appeared to have a positive outlook on the company's performance. On the day the results were declared, shares of Britannia Industries Ltd closed 0.55% higher at ₹5,875 on the National Stock Exchange (NSE), reflecting investor confidence.

Conclusion

Britannia Industries' third-quarter results for FY26 demonstrate a solid financial performance characterized by strong profit growth and margin expansion. The company's ability to navigate a stabilizing market while pushing for growth through strategic investments and product innovation positions it well for the future. With a clear focus on strengthening its brand and catering to local consumer needs, Britannia appears set to continue its growth trajectory in the competitive FMCG landscape.