Britannia expects a bumper H2, says Q2 was lull before the storm

Volume growth will rebound on GST cuts: Berry

- VIVEAT SUSAN PINTO Mumbai, November 7

BISCUIT MAJOR BRITANNIA Industries expects the second half of the ongoing financial year (FY26) to deliver stronger volume growth on the back of the GST rate rationalisation in food and beverages, Varun Berry, executive vice-chairman, MD & CEO, said during an earnings’ call on Friday.

From 12-18% GST earlier, most food and beverage products, including biscuits, have moved to the 5% tax bracket. Britannia has responded to the change with a 10-13% grammage increase in lowunit packs including 5 and %10 packs and price drops on larger packs. The company will also enter the ready-to-drink (RTD) protein beverage market, a space that has seen the entry of companies such as Amul in recent quarters.