Guidance ledger · Q4 FY26

Britannia Industries BRITANNIA

3 revisions on record · 1 lowered · 1 raised — the strikethrough is what management used to say

refuses forward guidance · held across quarters

Holding view → · latest concall · The pulse

↓ lowered FY26 revenue growth aspiration Q1 FY26 → Q4 FY26

~~double-digit (Berry, Q4FY25)~~ → 7.5% delivered (FY26 full year)

“25-26, you will see that for the year, at the revenue level, we clocked INR 18,858 crores which,”

↑ raised FY26 future price increases Q1 FY26 → Q4 FY26

~~no more price hikes (Q4FY25 commitment)~~ → calibrated price increases starting Q1FY27

“there will be calibrated price increases starting from this quarter.”

→ narrowed Volume growth headline Q4 FY26 → Q4 FY26

~~5.5% volume growth at grammage level~~ → pack-count decline acknowledged in INR 5/10 wholesale-rural channels

“your observation obviously is correct, which we are very confident will get corrected”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.