Britannia Embraces 'Many Indias' Strategy to Navigate Inflation and Shifting Consumer Trends Mumbai: Britannia, the leading biscuit maker in India, is reorganizing its operations under a "Many Indias" strategy to address inflation, supply-chain disruptions, and evolving consumer preferences. The company’s managing director, Rakshit Hargave, revealed during an earnings call that the restructuring involves creating startup-style teams with localized decision-making powers. This approach aims to enhance agility, accelerate product launches, and tailor offerings to regional markets. The move is part of a broader effort to adapt to a challenging business environment marked by rising costs, pricing volatility, and shifting demand patterns. The "Many Indias" strategy mirrors Hindustan Unilever’s "Winning in Many Indias" (WiMI) model, which the FMCG giant implemented a decade ago. Under WiMI, Unilever divided its operations into more than a dozen consumer clusters instead of four, enabling better understanding of local markets and more targeted product, pricing, and marketing strategies. Britannia’s restructuring follows a similar logic, with teams organized around regional markets to respond swiftly to local needs. Hargave emphasized that the initiative, which has been "kicked on," is expected to yield tangible results in the coming quarters. The company is also increasing investments in premium products and new food categories to capture growing consumer interest in higher-end offerings. This shift comes amid inflationary pressures and changing purchasing behaviors, as consumers increasingly seek value-for-money options and diversified product choices.#goods_and_services_tax #rakshit_hargave #britannia #hindustan_unilever #many_indias
Britannia Industries shares decline 5% as Q4 earnings fail to impress investors; here’s what analysts said Shares of Britannia Industries fell as much as 5% to touch an intraday low of ₹5,524 apiece on Friday, May 8, after the company’s March quarter earnings disappointed market investors. The decline followed a year-to-date loss of nearly 7% for the stock, reflecting investor concerns over the company’s performance. The stock’s market capitalisation stood at ₹1.35 lakh crore, with its 52-week low hitting ₹5,298 on August 14, 2025, and a one-year high of ₹6,336 recorded on September 4, 2026. Britannia reported a consolidated net profit of ₹678 crore for the fourth quarter of financial year 2025-26 (Q4 FY26), representing a 21% increase from ₹560 crore in the same period the previous year. Revenue from operations for the quarter ended March 31, 2026, rose 6.5% to ₹4,719 crore, compared to ₹4,432 crore in the year-ago period. Consolidated sales for the quarter reached ₹4,686 crore, a 7.1% growth. However, the company’s operating profit, or EBITDA, increased 6% to ₹853 crore, while the EBITDA margin dipped marginally to 18.08% from 18.16% in the prior year. For the full fiscal year ended March 31, 2026 (FY26), Britannia’s consolidated sales grew 7.5% to ₹18,858 crore, and net profit surged 16.5% to ₹2,537 crore over the same period last year. Despite these figures, investors remained unimpressed, citing underwhelming growth in key metrics and challenges posed by external factors. Rakshit Hargave, Managing Director and Chief Executive Officer, attributed the Q4 performance to supply disruptions in the international business, which were exacerbated by the West Asia conflict.#morgan_stanley #national_stock_exchange #west_asia_conflict #britannia_industries #rakshit_hargave
Britannia flags fuel inflation, GST pricing disruption in Q4 Britannia Industries reported that rising fuel and freight costs, driven by the West Asia conflict, along with disruptions in wholesale channels caused by GST-linked pricing changes in the biscuit market, negatively impacted its growth during the March quarter. The company initiated calibrated price hikes and cost-control measures to counter these challenges. For the quarter ended March 31, Britannia’s consolidated profit rose 21.6% year-on-year to Rs 679.7 crore, while total income increased 6.2% to Rs 4,774.4 crore. For the full fiscal year 2026, total income grew 6.6% to Rs 19,375.6 crore, and profit for the period rose 16.5% to Rs 2,537 crore. Managing director and chief executive Rakshit Hargave noted that domestic business growth had averaged 9-9.5% before March, when international operations faced disruption linked to the West Asia conflict. The company’s international business was hit by vessel unavailability and declining demand in the region, while fuel costs and ocean freight rates surged after disruptions around the Strait of Hormuz. Britannia, which produces a significant portion of its products for markets in Oman and Dubai, began shifting export-oriented production to its Mundra facility to reduce reliance on West Asian shipping routes. The transition is expected to be fully operational by mid-May. Hargave highlighted that while wheat prices remained favorable, fuel and laminate costs had become inflationary. The company plans to implement calibrated price increases and grammage adjustments starting from the current quarter to offset rising input costs.#strait_of_hormuz #west_asia #britannia_industries #rakshit_hargave #mundra_facility
