Britannia Industries Share Price Jumps 5% Following Robust Q3 FY26 Earnings
Britannia Industries witnessed a significant surge in its share price, climbing nearly 5% during Wednesday's trading session on February 11. This impressive rally was fueled by the company's strong financial performance for the third quarter of the fiscal year 2026, as detailed in its latest exchange filing.
Financial Performance Highlights
The Good Day biscuit maker reported a consolidated net profit of ₹682 crore for Q3 FY26, marking a substantial 17% year-on-year increase compared to the ₹582.3 crore recorded in the same quarter of the previous financial year. This profit growth was primarily attributed to stable commodity prices and a robust performance across both the biscuits and related product categories.
Operational revenue for the quarter showed healthy growth, rising to ₹4,969.8 crore from ₹4,592.6 crore in the corresponding period last year. The company's total income, which includes other income streams, increased by 8% to reach ₹5,029.28 crore for the December quarter. However, overall expenses also saw a 6% uptick, reaching ₹4,107.59 crore during Q3 FY26.
Management Commentary and Industry Context
Rakshit Hargave, the newly appointed Chief Executive Officer of Britannia Industries, provided insights into the quarterly results. He emphasized that the consolidated revenue growth of 9.5%, coupled with profit growth accelerating to 17%, signals a return to healthy expansion. This momentum is driven by strong performance in both core biscuit offerings and adjacent product categories, supported by a relatively stable commodity price environment.
Hargave noted that while the biscuit industry continues to stabilize price points following the recent GST rate reduction, the business achieved approximately 12% growth during November and December 2025. This growth was sustained through ongoing investments in media campaigns and brand innovation initiatives.
Brokerage Reactions and Recommendations
Domestic brokerage firm Motilal Oswal observed that Britannia's revenue figures fell slightly short of their estimates, but the EBITDA performance exceeded expectations. The brokerage highlighted that the company's growth was propelled by strong momentum in biscuits and adjacent categories, supported by continued media investments.
Global financial services firm Nomura maintained a 'Buy' rating on Britannia Industries shares, setting a target price of ₹7,000 per share. This represents a potential upside of over 19% from the stock's last closing price. Nomura noted that Q3 volume growth showed improvement, with sales aligning closely with estimates and margins surpassing expectations. The brokerage specifically mentioned that gross profit margins exceeded predictions by 42%, benefiting from favorable input costs.
Technical Analysis and Market Performance
On the trading day, Britannia Industries share price opened at ₹6,038 per share on the Bombay Stock Exchange (BSE). The stock reached an intraday high of ₹6,153.95 and touched a low of ₹5,972.85 during the session.
Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, provided a technical perspective on the stock movement. He noted that Britannia Industries share price experienced a strong gap-up opening followed by sustained buying interest. Prices have broken out of a trading range with robust volumes, indicating strengthening momentum.
"We expect the upward movement to continue in the near term, with prices likely heading towards the ₹6,300 level. The bullish gap in the ₹5,900 zone is expected to act as immediate support for the stock," Bhosale stated.
Disclaimer: The views and recommendations presented above are those of individual analysts, experts, and broking companies, and do not represent the official stance of any financial publication. Investors are advised to consult with certified financial experts before making any investment decisions.
