Britannia Q1 Preview: PAT may rise 15% to Rs 584 Cr, revenue seen up 9%

Britannia Industries is set to announce its June quarter results on Tuesday, and investors are watching closely. Expectations are upbeat, with analysts at Zee Business anticipating a strong showing, due to steady demand and the impact of earlier price hikes.

Zee Business research team is penciling in a profit jump of over 15% year-on-year, supported by moderate revenue growth and margin expansion. The easing of raw material costs especially in key commodities like wheat and palm oil is likely to lend a hand to profitability.

What to expect (Q1FY26 vs Q1FY25):

Add Zee Business as a Preferred Source

Revenue: Rs 4,625 crore vs Rs 4,250 crore

EBITDA: Rs 840 crore vs Rs 754 crore

EBITDA Margin: 18.2 per cent vs 17.7 per cent

Net Profit: Rs 584 crore vs Rs 506 crore

What will be driving the numbers?

For this quarter, the broader market is expecting volume growth of about 3 per cent, with pricing contributing another 6 per cent. This balanced growth approach seems to be working well for Britannia. On top of that, softer input prices have given companies in the FMCG space a bit of breathing room, and Britannia is expected to benefit too.

The company had previously stated its goal of achieving double-digit revenue and profit growth in FY26 — Tuesday’s numbers could be the first real sign of how realistic that outlook is.

What will Be closely watched?

1) Whether rural demand is seeing a steady comeback

2) If pricing power continues without hurting volumes

3) Any commentary around cost pressures in the second half

4) Growth beyond biscuits especially in dairy and bread categories