India's Britannia slides as packaged goods maker warns about price hikes

Britannia Industries

08/05/2026 05:09

May 8 (Reuters) - Shares of India's Britannia Industries BRIT.NS fell 4.5% to a three-week low on Friday, after the biscuit maker said it would hike prices, citing "significant" increase in freight costs linked to the Middle East conflict.

Late on Thursday, the firm posted a consolidated profit of 6.78 billion rupees ($71.8 million) for the fourth quarter, up 21.2% from a year ago and in line with the 6.7 billion rupees analysts had expected, according to data compiled by LSEG.

($1 = 94.4250 Indian rupees)

 (Reporting by Chandini Monnappa and Surbhi Misra in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))