Britannia Industries Ltd
Britannia Industries Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Volume growth is around 6% to 6.5%, with biscuits volume growth at about 5.5% (Page 15). Britannia expects to maintain profit margins within the current range but does not provide specific forward estimates.
From Britannia Industries Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Volume growth is around 6% to 6.5%, with biscuits volume growth at about 5.5% (Page 15).
- The company expects overall revenue growth to be sustained through a mix of price increases (~6% price hike planned) and volume growth (Page 14-15).
- Adjacent categories like croissants and milkshakes show strong double-digit growth, indicating portfolio diversification contributing to growth (Page 12, 8).
- Focus states are growing at 1.3 to 1.4x, gradually increasing contribution to overall revenue (Page 11-12).
- Price increases have been cautious and progressive due to inflation uncertainty; pricing will be a last trigger once inflation is confirmed (Page 16, 7).
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Profitability & Margins
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Capital Expenditure Plans
- Britannia has recently completed significant capex with the establishment of 3 large new facilities in Ranjangaon, Uttar Pradesh, Tamil Nadu, and Bihar (Bihta), along with expansion of its Odisha facility.
- Most capex benefits and incentives from these plants are long-term.
- Capex for FY '25 is expected to be about INR 150-200 crores, primarily related to expansion efforts and distribution model scaling rather than new plants.
- For FY '26, a capex "break" is planned, aiming to keep spending low, around INR 200 crores or less.
- Future capex will focus on expanding the sales force and improving urban retail presence, a profitable channel.
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Top-ranked in Food Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Britannia Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹4.7K Cr, net profit ₹680 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Britannia Inds.'s management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Britannia Industries Ltd Q3 FY25 results?
Volume growth is around 6% to 6.5%, with biscuits volume growth at about 5.5% (Page 15). Britannia expects to maintain profit margins within the current range but does not provide specific forward estimates.
What is Britannia Industries Ltd share price analysis?
Britannia Industries Ltd currently shows a neutral. The stock trades at a P/E of 51.4 with a market cap of ₹133,875 Cr. Investors should review the full earnings analysis for detailed insights.
Is Britannia Industries Ltd planning capital expenditure?
Britannia has recently completed significant capex with the establishment of 3 large new facilities in Ranjangaon, Uttar Pradesh, Tamil Nadu, and Bihar (Bihta), along with expansion of its Odisha facility.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.