The company expanded operations in Bihar and Tamil Nadu last year and did significant capex in Ranjangaon
Highlighting that the large investments made last year had created sufficient capacity, Britannia Industry, the packaged foods major, has cut its capital expenditure (capex) for the current financial year (FY26) to around Rs 100 crore. This is nearly 77 per cent lower than Rs 436.8 crore a year ago, as per the reports.
The focus this year will be on maintenance, the reports noted, while adding that the figure is significantly lower than the historical average capex of around Rs 600 to 650 crore over the last four to five years.
Britannia expanded operations in Bihar and Tamil Nadu last year and did significant capex in Ranjangaon. The reports emphasised that in fiscal year 2024. The company had a capital expenditure of around Rs 500 to 600 crore, a majority of which was guided towards the dairy business as well as Ranjangaon and Bihar facilities, as per the reports.
Driven by double-digit growth across its four focus states and in adjacent bakery categories such as rusk, wafers, and croissant, Britannia has seen its sales grow 9.8 per cent year-on-year (YoY) in the first quarter of the current financial year (Q1FY26).
The company’s revenue from operations rose to Rs 4,622.22 crore during the recently concluded quarter from Rs 4,250.29 crore in Q1FY25. The company’s net profit also marked an uptick of 3 per cent YoY to reach Rs 520.13 crore in Q1FY26 from Rs 504.88 crore in Q1FY25.
