Speaking at the company’s Q2 FY26 earnings call, Executive Vice Chairman and Managing Director Varun Berry said Britannia is exploring protein-based ready-to-drink beverages as an extension of its dairy portfolio.
“Yes, protein drinks we are looking at. We definitely want to do protein drinks in ready-to-drink format,” Berry said, adding that the company is not considering whey powders at this stage. “We are not able to produce that quality of whey which gets into the whey powders, which are used by professionals and bodybuilders. So, that we are not looking at right now, but certainly looking at protein ready-to-drink drinks.”
Further, Berry said the company has achieved the profitability it desired and will now focus on driving volumes.
“We’ve got the kind of profitability that we’ve always desired. Now it’s got to be about volume-led growth,” he said. “We are going to invest behind our key core brands, as we’ve been doing. During the inflationary period, there was a little bit of a setback on the investments, but now we are very clear, we’re going to double down and make sure that the extremely salient brands that we have, we nurture them as we go forward," he added.
The company also plans to become extremely competitive in pricing and will invest in media and consumer awareness to strengthen leadership in its brands. “If we have to get aggressive top-line growth, then we might have to look at a slight haircut as far as margins are concerned,” he said.
Britannia Industries reported a strong second quarter for FY26, with both revenue and profit improving on the back of stable input prices and tighter cost management. The company’s standalone net profit rose 34% year-on-year to ₹689.95 crore in the quarter ended September, compared to ₹514.41 crore in the same period last year. Revenue from operations increased 3.6% to ₹4,664.51 crore from ₹4,500.84 crore a year earlier.
He said the recent GST rate changes would strengthen the position of organised players. “Eighty-five percent of our business underwent a change in GST rates with effect from 22nd September 2025. This is an important step and I think this is going to make that change for the entire food industry as we move forward,” he said.
Berry said rural markets continued to perform well. “Rural is growing faster than urban even today and we will continue to go deeper and deeper in rural through our direct model because we are changing a lot of this hub and spoke to direct,” he said.
The company has appointed Dakshit Hargave as Chief Executive Officer, who will join in December. Berry said, “He’s going to handle the entire business, and my job will be to help him wherever he needs any help. I will not be directly handling anything as he joins. My job will be to run him in and make sure that he settles down absolutely well in the role.”
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