Britannia Q3 Profit Jumps 17% on Price Hikes, Tax Boost
Britannia Industries reported a 17% year-on-year rise in third-quarter net profit, supported by price increases and the impact of recent GST cuts. The biscuit maker posted a consolidated net profit of ₹6.8 billion for the quarter ended December 31, surpassing analyst expectations of ₹6.64 billion. Revenue grew 8.2% to ₹49.7 billion, marking an improvement from the previous quarter and aligning with last year’s growth pace.
The results come amid a gradual recovery in demand across India’s consumer goods sector, aided by tax reductions and easing inflation. Peers such as ITC, Hindustan Unilever and Dabur have also seen improving sales trends. The GST cuts introduced in late September helped boost volumes during the quarter, particularly in core biscuit categories and adjacent segments.
Managing Director and CEO Rakshit Hargave said the company witnessed strong momentum across biscuits as well as newer categories like wafers, croissants and cakes, supported by online delivery platforms. While margins had faced pressure from high palm oil, cocoa and sugar prices in recent quarters, a relatively stable commodity environment offered some relief. The company also booked a one-time charge of ₹485.6 million related to new labour codes.
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