Britannia Industries Drops 4.71% on Price Hike Warning Despite Q4 Beat

Shares of Britannia Industries Limited slid sharply on 8 May, touching a day low of Rs 5,524 on the NSE after management warned of imminent price hikes despite the biscuit maker posting a strong set of Q4FY26 results. The stock opened gap-down at Rs 5,634 and stayed under pressure through the morning session.

Q4 net profit rose 21.1% year-on-year to Rs 678 crore. Revenue from operations climbed 6.5% to Rs 4,718.9 crore for the March quarter. The dividend declared was Rs 90.50 per share for FY26, a record payout for the company.

The sell-off was triggered by a cautious management commentary. MD and CEO Rakshit Hargave told exchanges that the business saw 9% growth in the first two months of Q4, ‘before moderating to a lower number in March, primarily on account of supply disruptions in the International Business following the West Asia conflict.’ Freight cost inflation tied to the Middle East conflict hit the international business directly in March, disrupting shipments and raising logistics costs. Britannia has not specified the quantum of the planned price hike but said optimising sourcing between Indian and overseas plants for key markets was already underway.

For the full year FY26, consolidated profit surged 16.5% to Rs 2,537 crore. Total consolidated income rose 6.6% to Rs 19,375.6 crore. E-commerce now contributes 6% to the domestic business, with adjacent categories including Croissant and Wafers maintaining strong momentum alongside flagship brands Little Hearts and Jim Jam.

At 11:56 am on 8 May, Britannia shares were trading at Rs 5,536, down 4.78% on the NSE. The stock’s 52-week high stands at Rs 6,336, hit on 4 September 2025, placing the current price roughly 12.5% below that peak.

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