Britannia Industries Ltd

Meeting Details

• One-to-one investor meeting with Motilal Oswal Financial Services Limited; rescheduled to 27 Aug 2026, 2 PM; in-person, Mumbai.

Participants

• Company participants: not disclosed.

Purpose

• Update on Analyst/Institutional Investor Meet schedule.

Meeting Details

• One-to-one investor meeting with Enam Asset Management; rescheduled to 1:00 PM IST on 17 August 2026.
• Type: one-to-one; Mode: Video Conference.
• Organizer: Enam Asset Management Company Private Limited.
• Key company participant: Company Secretary & Compliance Officer.
• Purpose: Analyst/Institutional Investor Meet.

Financial Performance

• Console revenue for Q1 FY27 was INR 4,964 crores, up 9.5% YoY.
• Standalone revenue grew 10% in the quarter.
• PAT was 11.9% of revenue; 12-month PAT growth 13.6%.
• Q1 exit implied mid-teens revenue growth; momentum remained.
• Sustainability and brand-led adjacencies remain strategic priorities.

Channel and Geography

• General Trade channel recovered; GT growth led by key states.
• E-commerce and other channels continue double-digit growth; online channels gaining traction.
• Six focus states overweight in GT; Eastern India growth double-digit.
• International business mixed; Middle East pressures; Africa (Kenya) performing; sequential improvement.
• Milk Bikis in Tamil Nadu highlighted by Thirukkural campaign; six-state focus underway.

Costs and Margin Dynamics

• LPG/PNG inflation elevated; palm oil up ~20%; sugar recently rose INR 7/kg.
• Industrial fuel inflation remains a key risk to margins.
• Shrinkflation has mitigated about half of inflation; remaining inflation partly passed through.
• Brand-building ad spend increased; no numeric percentage provided.
• No PLI recognized in FY25-26 or Q1 FY27; impact not booked.

Product Portfolio and Adjacent Businesses

• Croissant ARR around INR 200 crores; growth above 30%.
• Non-biscuit portfolio about 25% of revenue; cake, rusk and wafers drive adjacencies.
• Dairy segment grew double digits; new launches include Bourbon Roll, Croissant, Sattvam.
• Milk Bikis Tamil Nadu tie-in and Thirukkural resonance; six-state focus progressing.

Q&A Highlights

• Q1 volume growth near 9%; shrinkflation offset inflation; demand remains strong.
• Pricing expected to contribute further with 1.5–2% additional impact; not all inflation passed.
• PLI incentives booked: none in FY27; no recognition previously.
• Croissant ARR around INR 200 crores; margin accretive to overall margin.
• Future platforms: health/protein under development; inorganic options considered cautiously; distribution to strengthen GT.

Meeting Details

• ICICI Securities CIO Roundtable, Group, 14 Aug 2026, 4:00 PM IST, In-person, Mumbai.
• Enam Asset Management One-to-one, Virtual, 17 Aug 2026, 12:00 PM IST.
• Tokio Marine Asset Management Co., Ltd One-to-one, Virtual, 18 Aug 2026, 12:00 PM IST.
• Nippon India Mutual Fund One-to-one, In-person Bengaluru, 19 Aug 2026, 11:00 AM IST.
• Motilal Oswal Financial Services One-to-one, In-person Bengaluru, 25 Aug 2026, 12:15 PM IST.

Participants

• Company management to participate in all listed meets.
• Key participants: senior management representatives (roles unspecified).

Purpose

• Purpose: Investor interaction through scheduled Analyst/Institutional Investor Meets.

Additional Notes

• Schedule changes will be communicated to stock exchanges.
• No unpublished price sensitive information will be shared during the meets.

Meeting Details

• Date and time: 7 August 2026 at 9:30 A.M. IST.
• Type/mode: Group Investors/Analysts conference call; audio recording available.
• Event/organiser: Investors/Analysts Conference Call.
• Purpose: Discuss quarterly results and operations for the quarter ended 30 June 2026.

Participants

• Key company participants (roles) not specified in the filing.

Additional Notes

• Transcript will be disseminated to stock exchanges and hosted on Britannia's website.

Business Overview

• Britannia's business focuses on packaged foods (biscuits and dairy) with multi-channel distribution.
• Q1 FY27 revenue rose 9.5% YoY to Rs 4,964 crore.

Operational Highlights

• General Trade grew 1.5x FY25-26 pace in Q1'27.
• Other Channels grew 2.5x General Trade; E-commerce double-digit.
• Key States grew 1.8x FY25-26; Other States grew double-digit, 1.3x.
• Adjacency Businesses (Cake, Rusk & Wafers) delivered double-digit growth.
• Dairy portfolio grew double-digits, fueled by Ghee and Cheese.
• Croissant launches; Q1'27 growth above 30%.
• Region-focused activations support the Many Indias strategy.
• ESG progress: 0.7% increase in women factory workforce.
• BNF beneficiaries: 3,97,125 (78% of FY25-27).
• Renewable electricity share in own plants up ~16%.
• Input costs trend noted; cost-efficiency programs ongoing.
• Cost optimization: packaging, wastage, renewable energy, alternate fuels, buying efficiency.

Financial Performance

• Q1'27 net sales Rs 4,964 crore; YoY growth 9.5%.
• Operating profit Rs 761 crore; margin 15.3% for Q1'27.
• Profit before tax Rs 797 crore; margin 16.1%.
• Profit after tax Rs 591 crore; margin 11.9%.
• 12-month revenue growth +9.5%; PAT growth +13.6%.
• Profit from operations margin ranged 14.3%-15.3% across years.

Strategic Priorities & Outlook

• Execution of the Many Indias strategy is on track.

Senior Management Elevations

• Change: Elevation of Piyush Bhandari from GM – Commercial to VP - Commercial, effective 1 Aug 2026.
• Reason/Context: Board-approved per Nomination and Remuneration Committee recommendation.
• Profile: Britannia veteran since 2006; Chartered Accountant.
• Term: Full Time Employment.
• Effective date: 1 August 2026.
• Change: Elevation of Abhishek Gaurav from GM – Replenishment to VP – Replenishment, effective 1 Aug 2026.
• Profile: Britannia since 2008; 18+ years in supply chain.

Appointment of Independent Director

• Mr. Sonny Iqbal appointed as Additional Non-Executive Independent Director, effective 8 August 2026.
• Proposed appointment for five-year term from 8 August 2026 to 7 August 2031.
• Reason: recommended by Nomination and Remuneration Committee; approval pending Members' Postal Ballot.
• Profile: Leadership development expert; 27 years at Egon Zehnder; Senior Advisor.
• Education: BA (Hons), MBA, Postgraduate Diploma.
• Not related to any other directors.
• Not debarred by SEBI or other authorities.