Britannia

Britannia reported Q4 FY26 revenue of ₹4,686 croreCurrent reported value: ₹4,686 crore. No comparable prior figure is available in the source record., up 7.1% YoYCurrent 7.1% vs previous available quarter 9.5%., with EBITDA of ₹768Current 768 crore vs previous available quarter 895 crore. crore (+6%Current 6%. Reported change: +2pp YoY. YoY) and PAT of ₹678Current reported value: 678. No comparable prior figure is available in the source record. crore (+21.1Current reported value: 21.1. No comparable prior figure is available in the source record.% YoY, boosted by tax reversals). Domestic volume growth was ~5.5%Current ~5.5%. Reported change: +5.5pp YoY., but headline growth was dragged by a dual-pricing issue in wholesale/rural channels (competitors sold at ₹4.5/₹9 vs. Britannia's ₹5/₹10) and West Asia conflict disrupting international shipments. Management expects these headwinds to normalize in Q1 FY27. E-commerce salience rose to 6% of domestic sales (12% adjusted for low-price packs). Cost pressures from fuel and laminate inflation are being mitigated via calibrated price increases and aggressive cost efficiencies. Risk: if dual-pricing normalization delays or input cost inflation accelerates, margin recovery could be slower than anticipated.