Britannia's Revenue Surges 6.8% on Pricing Hikes and EBITDA Growth

As of November 5th, 2025, industry analysts at Yes Securities project that Britannia, the leading Indian food company, will see its revenue rise by 6.8% in the second quarter of the 2025-26 fiscal year. This growth is expected to be supported by previous price increases implemented by the company, as well as a robust double-digit year-on-year expansion in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).

The brokerage firm estimates that Britannia's base business volumes will remain flat in Q2 FY26 due to a high comparative base, pricing actions, and a transitory impact from the Goods and Services Tax (GST). However, the strong pricing growth resulting from earlier price hikes is anticipated to drive the overall revenue increase of 6.8%. Additionally, moderating raw material inflation, particularly in palm oil, coupled with the benefit of a duty cut, is expected to lead to a 120-basis-point sequential improvement in gross margin, though it is expected to remain flat year-over-year.

Furthermore, the company's savings in operating overheads are projected to result in a 70-basis-point improvement in EBITDA margin, reaching 17.5%. Consequently, Britannia's EBITDA and Adjusted Profit After Tax (APAT) are estimated to grow by approximately 11.4% and 15.1% year-over-year, respectively.