Britannia Industries Ltd.

NSE: BRITANNIA · Fast Moving Consumer Goods

₹4,785.00-3.92%06 Nov 2026

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Instant answers about Britannia Industries Ltd. — computed from its filings, no language model

Market cap₹1,15,271 cr

Current price₹4,785.00

High / Low₹6,185 / ₹4,538

P/E43.2

P/B27.13

Book value₹176.4

ROE62.9%

ROCE52.8%

Debt / equity0.61

Dividend yield1.56%

EPS (TTM)₹110.86

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY18	FY19	FY20	FY22	FY23	FY24	FY25	FY26
Revenue	9,990	11,055	11,600	14,136	16,301	16,769	17,943	19,152
EBITDA	1,502	1,733	1,843	2,202	2,831	3,170	3,187	3,544
Operating margin	15.0%	15.7%	15.9%	15.6%	17.4%	18.9%	17.8%	18.5%
Interest	8	9	77	144	169	164	139	113
Depreciation	142	162	185	201	226	300	313	337
Profit before tax	1,518	1,769	1,844	2,079	3,027	2,917	2,937	3,319
Tax	514	612	451	562	716	779	749	752
Net profit	1,004	1,159	1,403	1,525	2,322	2,140	2,179	2,533
EPS ₹	83.65	48.25	58.35	63.31	96.39	88.84	90.45	105.18
Operating cash flow	—	—	—	1,300	2,526	2,573	2,481	2,612
Capex	—	—	—	550	711	562	375	206
Dividend paid	—	—	—	2,485	1,359	1,732	1,768	1,804
Total assets	5,188	6,242	7,842	7,516	9,353	9,074	8,839	9,732
Equity	3,406	4,253	4,403	2,558	3,534	3,942	4,356	5,107

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	2,538	2,544	2,870	2,842	2,799	2,700	3,049	2,983	2,868	3,421	3,419	3,166	3,403	3,607	3,575	3,550	4,380	4,197	4,023	4,011	4,433	4,256	4,069	4,250	4,668	4,593	4,432	4,622	4,841	4,970	4,719	5,000	5,598
Operating profit	397	389	454	452	437	395	492	502	454	717	675	612	554	558	540	550	712	818	801	689	872	821	787	754	783	845	805	757	955	980	853	840	1,022
Operating margin	15.6%	15.3%	15.8%	15.9%	15.6%	14.6%	16.1%	16.8%	15.8%	21.0%	19.8%	19.3%	16.3%	15.5%	15.1%	15.5%	16.3%	19.5%	19.9%	17.2%	19.7%	19.3%	19.4%	17.7%	16.8%	18.4%	18.2%	16.4%	19.7%	19.7%	18.1%	16.8%	18.3%
Other income	44	42	44	60	62	67	68	65	79	94	74	83	60	53	55	54	53	51	56	54	52	51	57	56	46	62	63	57	52	59	55	61	74
Interest	2	2	2	3	1	10	16	24	27	26	30	32	34	39	37	34	54	38	35	53	53	31	26	29	35	45	31	26	35	33	19	23	36
Depreciation	42	36	37	42	47	45	45	47	48	48	48	49	49	50	50	51	52	58	65	71	72	78	80	74	76	82	81	82	85	85	85	80	79
Profit before tax	397	393	459	466	450	392	498	497	457	737	670	614	531	523	506	519	659	1,148	757	619	800	760	738	682	719	780	757	706	887	922	804	799	981
Tax	133	135	156	166	156	143	96	127	85	194	175	161	144	141	136	141	169	217	204	167	212	203	198	176	184	196	193	181	229	237	105	204	251
Net profit	264	258	303	301	297	251	404	373	375	546	498	456	390	384	371	380	493	932	559	458	588	556	538	506	531	582	560	521	654	680	678	591	721
EPS ₹	21.96	21.51	25.22	12.51	12.37	10.45	16.82	15.50	15.58	22.69	20.70	18.93	16.17	15.95	15.41	15.77	20.48	38.71	23.19	19.00	24.41	23.11	22.35	20.99	22.06	24.15	23.25	21.62	27.17	28.23	28.16	24.55	29.93
Revenue YoY	—	—	—	—	10.3%	6.2%	6.2%	4.9%	2.5%	26.7%	12.1%	6.1%	-0.5%	5.5%	12.9%	—	21.4%	17.4%	13.3%	—	1.2%	1.4%	1.1%	6.0%	5.3%	7.9%	8.9%	8.8%	3.7%	8.2%	6.5%	8.2%	15.6%
Profit YoY	—	—	—	—	12.8%	-2.8%	33.4%	23.9%	26.1%	117.4%	23.2%	22.3%	-28.6%	-22.9%	-18.6%	—	28.4%	151.2%	47.1%	—	19.1%	-40.3%	-3.6%	10.5%	-9.6%	4.5%	4.0%	3.0%	23.1%	16.9%	21.1%	13.6%	10.2%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Britannia Industries Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	4,974	5,615	6,307	7,176	7,948	8,683
Operating profit	279	371	596	770	1,131	1,202
Operating margin	5.6%	6.6%	9.5%	10.7%	14.2%	13.8%
Other income	59	56	35	88	99	148
Interest	38	38	5	1	1	1
Depreciation	47	57	63	117	87	96
Profit before tax	252	332	543	883	1,132	1,253
Tax	66	98	173	260	382	407
Net profit	187	234	370	622	749	845

Quarters

showing latest 8 of 39 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	659	656	693	693	847	820	734	863	886	916	1,098	1,083	1,108	1,296	1,249	1,322	1,229	1,417	1,468	1,502	1,416	1,610	1,628	1,653	1,634	1,817	1,852	1,872	1,847	2,033	2,050	2,018	2,041	2,292	2,189	2,161	2,195	2,385	2,411
Operating profit	69	59	59	58	75	67	63	78	42	44	56	58	52	64	83	80	72	74	92	132	130	153	149	165	158	196	194	221	259	302	302	268	299	323	294	286	313	353	375
Operating margin	10.4%	9.0%	8.5%	8.3%	8.9%	8.2%	8.5%	9.0%	4.8%	4.8%	5.1%	5.4%	4.7%	4.9%	6.7%	6.1%	5.9%	5.3%	6.3%	8.8%	9.2%	9.5%	9.1%	10.0%	9.7%	10.8%	10.5%	11.8%	14.0%	14.9%	14.7%	13.3%	14.6%	14.1%	13.4%	13.2%	14.2%	14.8%	15.5%
Other income	6	6	27	8	8	5	13	8	7	20	10	13	26	10	13	10	11	13	11	21	14	4	6	11	20	19	21	29	18	30	26	24	38	40	38	33	34	49	33
Interest	3	3	1	4	4	3	1	1	1	9	10	10	9	10	10	10	9	9	9	10	3	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—	0
Depreciation	7	7	8	8	8	9	9	9	9	10	10	11	11	12	12	13	13	14	15	15	15	16	16	16	25	25	26	42	21	21	21	24	22	23	24	27	28	28	27
Profit before tax	61	51	75	49	65	55	58	69	32	44	44	51	57	52	75	69	60	64	80	128	125	141	138	139	153	349	177	204	257	311	296	268	314	340	308	292	319	374	379
Tax	13	6	14	8	12	9	11	10	3	11	12	13	15	14	21	16	17	19	23	40	39	45	41	48	45	96	56	63	89	108	102	84	104	112	97	95	110	128	130
Net profit	48	45	61	40	53	46	47	59	29	33	32	37	42	38	54	53	43	46	57	88	86	96	96	92	108	253	121	141	168	204	193	184	210	228	211	197	209	245	249
EPS ₹	20.28	18.97	25.55	16.89	22.30	19.32	19.83	24.72	12.18	13.74	2.67	3.13	3.50	3.17	4.53	4.44	3.64	3.82	4.77	7.35	7.21	7.99	8.04	7.63	8.99	21.10	10.05	11.76	13.99	16.98	16.12	15.35	17.53	18.97	17.56	16.39	17.39	20.43	20.75
Revenue YoY	—	—	—	—	28.6%	24.9%	5.9%	1.9%	8.0%	24.8%	27.2%	22.3%	20.9%	18.1%	15.4%	—	11.0%	9.3%	17.5%	13.7%	15.3%	13.7%	10.9%	10.0%	15.4%	12.9%	13.8%	13.2%	13.0%	11.9%	10.7%	7.8%	10.5%	12.7%	6.8%	7.1%	7.6%	4.1%	10.1%
Profit YoY	—	—	—	—	9.9%	1.7%	17.5%	10.8%	-36.9%	-30.7%	-46.0%	28.3%	27.3%	18.8%	44.8%	—	3.9%	20.5%	5.3%	65.7%	98.6%	109.8%	69.1%	4.2%	24.9%	164.5%	25.1%	54.1%	55.6%	-19.5%	60.5%	30.6%	25.4%	11.7%	8.9%	6.8%	-0.8%	7.8%	18.2%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 24 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	33.0%	27.3%	27.1%	29.5%	31.2%	31.9%	38.6%	40.7%	42.6%	59.6%	69.1%	89.1%	75.8%	54.3%	55.5%	66.4%	67.2%	50.0%	50.4%	62.1%	64.7%	49.6%	51.0%	62.9%
ROCE	48.1%	40.5%	40.6%	41.8%	43.0%	32.5%	38.6%	41.7%	43.8%	44.2%	51.6%	62.5%	55.4%	51.5%	52.1%	50.8%	51.4%	55.1%	55.5%	55.3%	57.5%	53.1%	54.5%	52.8%
Net margin	10.4%	10.5%	10.3%	11.0%	11.5%	12.1%	13.8%	14.1%	14.6%	10.8%	14.7%	15.2%	12.9%	12.8%	12.9%	12.4%	12.3%	12.1%	12.0%	12.5%	12.8%	13.2%	13.3%	13.2%
EBITDA margin	15.7%	15.7%	15.5%	15.6%	15.8%	15.9%	17.6%	18.5%	19.1%	15.6%	18.2%	19.1%	19.0%	18.9%	19.0%	18.2%	18.0%	17.8%	17.4%	18.2%	18.5%	18.5%	18.6%	18.2%
Debt / equity	0.05	0.03	0.03	0.03	0.03	0.34	0.34	0.34	0.34	0.96	0.84	0.97	0.97	0.52	0.52	0.85	0.85	0.28	0.28	0.58	0.58	0.27	0.27	0.61
Interest coverage	169.02	195.60	106.51	60.29	36.91	24.98	24.69	23.26	22.70	15.41	18.67	19.52	18.02	18.78	22.30	24.93	22.69	22.16	22.78	24.01	27.22	30.43	32.17	32.71
Asset turnover	2.08	1.77	1.80	1.82	1.85	1.48	1.57	1.62	1.64	1.88	1.78	1.90	1.91	1.85	1.87	1.82	1.86	2.03	2.07	1.96	2.00	1.97	2.01	1.90

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 16 periods

	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24
Other equity / reserves	2,068	2,672	3,382	4,229	4,379	3,524	2,534	2,017	3,510	2,824	3,917	3,186	4,332	3,709	5,082	4,225
Total equity	2,092	2,696	3,406	4,253	4,403	3,548	2,558	2,041	3,534	2,848	3,942	3,210	4,356	3,734	5,107	4,249
Borrowings	124	116	178	138	1,514	2,104	2,466	3,022	2,981	2,761	2,041	2,731	1,225	2,175	1,358	2,595
Current liabilities	1,330	1,345	1,648	1,851	2,578	3,609	4,156	4,063	4,134	4,971	4,084	5,289	3,618	4,920	4,180	6,102
Non-current liabilities	70	64	121	104	825	816	774	1,776	1,654	904	1,023	941	839	771	416	294
Total assets	3,494	4,109	5,188	6,242	7,842	8,009	7,516	7,912	9,353	8,749	9,074	9,467	8,839	9,450	9,732	10,682
Property, plant & equipment	821	1,005	1,194	1,536	1,716	1,634	1,584	1,558	2,472	2,587	2,603	2,783	2,735	2,749	2,673	2,585
Capital work-in-progress	90	30	203	101	40	117	536	879	105	83	188	56	89	73	39	57
Investments	788	487	1,079	1,476	2,893	2,781	1,762	1,412	3,324	1,938	2,767	2,368	2,865	2,293	3,610	3,527
Inventories	441	661	653	781	741	1,091	1,367	1,850	1,193	1,649	1,181	1,972	1,237	2,200	1,346	2,323
Receivables	171	179	305	394	320	257	332	361	329	413	393	510	449	497	469	533
Cash & equivalents	65	56	130	60	81	143	118	97	102	120	323	111	133	78	220	191

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	671	584	959	441	1,249	1,156	1,485	1,876	1,300	2,526	2,573	2,481	2,612
Cash from investing	-246	-450	-705	-150	-956	-856	-1,532	436	911	-1,517	476	84	-757
Cash from financing	-357	-181	-246	-295	-232	-353	58	-2,242	-2,246	-1,028	-2,830	-2,762	-1,783
Capex	110	118	251	360	423	401	244	241	550	711	562	375	206
Free cash flow	561	467	708	82	826	755	1,240	1,635	749	1,815	2,011	2,106	2,406
Dividends paid	119	168	231	288	317	354	433	2,824	2,485	1,359	1,732	1,768	1,804

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹2,585 cr24%

CWIP

₹57 cr1%

Investments

₹3,527 cr33%

Inventories

₹2,323 cr22%

Receivables

₹533 cr5%

Cash & equivalents

₹191 cr2%

Other assets

₹1,466 cr14%

Peer comparison

largest in Fast Moving Consumer Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Unilever Ltd.	4,69,624	1,998.40	31.2	9.62	30.8%
ITC Ltd.	3,54,801	283.15	18.8	4.97	26.4%
Nestle India Ltd.	2,47,229	1,282.10	244.9	42.80	17.5%
Varun Beverages Ltd.	1,48,153	438.00	42.7	6.81	16.0%
Marico Ltd.	1,16,708	897.75	57.8	24.65	42.6%
Britannia Industries Ltd.	1,15,271	4,785.00	43.2	27.13	62.9%
Tata Consumer Products Ltd.	1,07,511	1,086.30	63.2	4.86	7.7%
United Spirits Ltd.	1,02,805	1,418.00	55.6	11.34	20.4%
Godrej Consumer Products Ltd.	87,083	851.00	41.2	6.90	16.8%
Dabur India Ltd.	67,474	380.35	33.3	5.87	17.6%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+0.1%

6 months-17.7%

1 year-18.2%

3Y CAGR+1.2%

5Y CAGR+5.2%

10Y CAGR+11.2%

50-day avg₹4,896.93

200-day avg₹5,408.68

RSI (14)51

Compare Britannia Industries Ltd. with

Varun Beverages vs Britannia Industries Marico vs Britannia Industries Britannia Industries vs Tata Consumer Products Britannia Industries vs United Spirits Britannia Industries vs Godrej Consumer Products

FAQs

What is the share price of Britannia Industries Ltd.?

Britannia Industries Ltd. (BRITANNIA) closed at ₹4,785.00 on NSE on 06 Nov 2026.

What is the market cap of Britannia Industries Ltd.?

₹1,15,271 crore at the latest close.

What is the P/E ratio of Britannia Industries Ltd.?

43.2, on trailing-twelve-month earnings from its filings.

How fast is Britannia Industries Ltd. growing?

Britannia Industries Ltd.: revenue has compounded at 5.5% a year over three years; net profit at 3.0% a year. Latest-quarter revenue is up 15.6% year on year, profit up 10.2%.

How profitable is Britannia Industries Ltd.?

On a trailing-twelve-month basis return on equity is 62.9%, return on capital employed 52.8%, operating margin 18.2%, net margin 13.2%.

How much debt does Britannia Industries Ltd. have?

Britannia Industries Ltd. is moderately geared: debt to equity is 0.61 with borrowings of ₹2,595 cr against cash of ₹191 cr (balance sheet of 2026-09-30). Operating profit covers interest 32.7 times.

Financials parsed from Britannia Industries Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '16. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.