Britannia Industries is ready to announce its Q2FY26 outcomes tomorrow. Analysts count on flat quantity progress as a result of a excessive base, pricing actions, and non permanent GST influence.
Sure Securities has projected Britannia’s income to develop 6.8 per cent, pushed by earlier value hikes and double-digit EBITDA progress y-o-y.
Equirus Securities echoes an identical outlook anticipating mid-single-digit progress pushed largely by pricing, although combine and channel results might restrict margin beneficial properties. The brokerage famous that sector margins have remained below strain.
Emkay Analysis highlighted broader challenges dealing with the FMCG sector. Whereas GST cuts had been a landmark resolution, the restricted transition interval disrupted efficiency in September 2025. The sector additionally confronted weak seasonality in India, disruptions in Nepal and Indonesia, secure copra costs, and rising palm oil prices. Nevertheless, Emkay expects Q3FY26 to enhance, given higher main gross sales visibility and a low base.
Sure Securities factors to the GST fee rationalisation on twenty second September as a key disruptor. Distributors and retailers rushed to clear outdated stock at earlier costs, delaying contemporary orders as they awaited new shares with up to date pricing. This transition is prone to weigh on general FMCG sector quantity progress.
The sequential gross margins are anticipated to enhance 120 bps q-o-q (flat y-o-y), as a result of moderating uncooked materials inflation and palm oil responsibility cuts. Working expense financial savings are anticipated to push EBITDA margins up 70 bps to 17.5 per cent, with PAT rising 15.1 per cent y-o-y, as per Sure Securities.
Revealed on November 4, 2025