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Britannia IndustriesNSE:BRITANNIA -0.08%94 Gross Margin % is 41.72% as of Mar. 2026, which is 5% above its 10-year median of 39.61. GuruFocus rates NSE:BRITANNIA with a GF Score™ of 94/100 and a GF Value™ of ₹6,100.88 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,907 Consumer Packaged Goods companies, Britannia Industries ranks better than 76.93% on this metric.
The historical rank and industry rank for Britannia Industries's Gross Margin % or its related term are showing as below:
NSE:BRITANNIA'
s Gross Margin % Range Over the Past 10 Years
Min: 36.89 Med: 39.61 Max: 42.29
Current: 40.97
During the past 13 years, the highestGross Margin % of Britannia Industries was 42.29%. The lowest was 36.89%. And the median was 39.61%.
NSE:BRITANNIA's Gross Margin % is ranked better than 76.93% of 1907
companies
in the Consumer Packaged Goods industry
Industry Median: 26.36
vs NSE:BRITANNIA: 40.97
Britannia Industries had a gross margin of 41.72% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Britannia Industries was 0.90% per year.
Britannia Industries (NSE:BRITANNIA) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Britannia Industries had a gross margin of 41.72% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Britannia Industries Gross Margin % Related Terms
Britannia Industries Gross Margin % Historical Data
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The historical data trend for Britannia Industries's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:BRITANNIA vs KHC, GIS: Gross Margin % Comparison
For the Packaged Foods subindustry, Britannia Industries's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Britannia Industries Gross Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Britannia Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Britannia Industries's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Britannia Industries (NSE:BRITANNIA) has a Gross Margin % of 41.72% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Britannia Industries and its competitors. This is near median its historical median of 39.61. Over the past decade, Britannia Industries' Gross Margin % has ranged from 36.89 to 42.29. According to the industry distribution chart, Britannia Industries ranks #440 out of 1907 companies in the Consumer Packaged Goods industry, placing it in the top 23.1%.
Is Britannia Industries' Gross Margin % too high?
Britannia Industries' current Gross Margin % of 41.72% is near median its 10-year median of 39.61. Over the past 10 years, this metric has ranged from a low of 36.89 to a high of 42.29. The Consumer Packaged Goods industry median Gross Margin % is 26.36. Britannia Industries' value of 41.72% is 58.3% above this industry median. Based on the distribution chart, Britannia Industries ranks #440 out of 1907 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Britannia Industries has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Britannia Industries' Gross Margin % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Britannia Industries ranks #440 out of 1907 companies for Gross Margin %. This places Britannia Industries in the top 23% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.36. Britannia Industries' value of 41.72% is 58.3% above this benchmark. Historically, Britannia Industries' own Gross Margin % has ranged from 36.89 to 42.29 over the past decade. While the company's 10-year median is 39.61 vs. the industry median of 26.36, Britannia Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Consumer Packaged Goods company?
The median Gross Margin % among Consumer Packaged Goods companies is 26.36, based on 1,907 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Britannia Industries's current Gross Margin % of 41.72% is 58.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Britannia Industries and its competitors. For the Consumer Packaged Goods industry, the median Gross Margin % is 26.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Britannia Industries's current Gross Margin % is 41.72%, which is near median its own 10-year median of 39.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Britannia Industries stock overvalued right now?
Based on GuruFocus' analysis, Britannia Industries (NSE:BRITANNIA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹6,100.88, compared to a current price of ₹5,348.50 — trading 12.3% below its estimated fair value. The current Gross Margin % is 41.72%, which is near median its 10-year median of 39.61 and 58.3% above the Consumer Packaged Goods industry median of 26.36. Britannia Industries' overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Britannia Industries (NSE:BRITANNIA), the current Gross Margin % is 41.72% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Britannia Industries (NSE:BRITANNIA) Overvalued in 2026?
Based on GuruFocus' analysis, Britannia Industries stock appears to be undervalued.
The current stock price of ₹5,348.50 is trading 12.3% below its estimated GF Value™ of ₹6,100.88.
GuruFocus considers Britannia Industries to be Modestly Undervalued.
Key valuation signals for NSE:BRITANNIA:
Gross Margin %: 41.72% (near median its 10-year median of 39.61)
GF Value™: ₹6,100.88 vs. price of ₹5,348.50 (12.3% below fair value)
Industry Position: 58.3% above the Consumer Packaged Goods median (#440 of 1907)
No single metric tells the full story. See the NSE:BRITANNIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressWhitefield Main Road, The Business Precinct, Tower C, 15th, 16th & 17th Floor, Prestige Shantiniketan, Mahadevapura Post, Bengaluru, KA, IND, 560048
Britannia Industries Ltd is an Indian packaged-food company involved in the Manufacturing, trading, and selling food products. Its main product categories are biscuits, breads, dairy, cakes, and rusks. The biscuits product line offers sweet biscuits under the GoodDay brand, crackers under the Five thousand fifty brands, nutritional and digestive biscuits under the NutriChoice brand, and other products. The bread products segment offers whole-wheat breads, white sandwich breads, and bread assortments. The dairy product line sells cheese, milk, and yogurt under the Britannia brand. The cake segment offers bar cakes, muffins, and many more. The operating segment of the Company is identified to be Foods.
94GF Score
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