Britannia Industries Limited’s sales grew faster than operating profit in the September quarter as higher ingredient and packaging costs pushed the Indian food maker toward another round of price increases.
Consolidated sales of goods rose 16.6% from a year earlier to ₹5,541.57 crore for the quarter ended Sept. 30, 2026, the company reported. Biscuit volume increased 13%, while consolidated net profit climbed 10.8% to ₹725.99 crore.
Operating profit reached ₹943 crore, an 8.5% year-over-year gain. Its slower growth than sales shows the pressure from rising costs. From the June quarter, Britannia’s average costs increased 11% for refined palm oil, 9% for flour and 7% for packaging laminate, according to its investor presentation.
CEO and Managing Director Rakshit Hargave told analysts on Nov. 6 that Britannia had raised prices 3.5% during the September quarter and was preparing further increases. A large share of its business is in ₹5 and ₹10 packs, he said. To recover costs while keeping those prices, the company can reduce the amount in each pack, a change Hargave said takes about 1½ to two months to implement.
Customers would receive less product for the same price if Britannia reduces pack weights. Hargave said further reductions could also affect future biscuit volume growth.
Sales through traditional retail shops grew faster than in the preceding financial year. Britannia said the channel’s growth rate in the September quarter was 2.6 times its rate for the full 2025-26 financial year.
Reliance Consumer Products Limited has also announced a broader Independence biscuit range in Tamil Nadu. It comprises nine products and 28 stock-keeping units, with packs starting at ₹5, placing another range at a price point important to Britannia’s business. Hargave gave no size or date for Britannia’s next price increases.
