Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Britannia IndustriesNSE:BRITANNIA +0.61%94 Pretax Margin % is 16.75% as of Mar. 2026, which is 2% above its 10-year median of 16.41. GuruFocus rates NSE:BRITANNIA with a GF Score™ of 94/100 and a GF Value™ of ₹6,104.00 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,955 Consumer Packaged Goods companies, Britannia Industries ranks better than 87.52% on this metric.
The historical rank and industry rank for Britannia Industries's Pretax Margin % or its related term are showing as below:
NSE:BRITANNIA'
s Pretax Margin % Range Over the Past 10 Years
Min: 14.55 Med: 16.41 Max: 19.51
Current: 17.44
NSE:BRITANNIA's Pretax Margin % is ranked better than 87.52% of 1955
companies
in the Consumer Packaged Goods industry
Industry Median: 4.65
vs NSE:BRITANNIA: 17.44
Britannia Industries (NSE:BRITANNIA) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Britannia Industries Pretax Margin % Related Terms
Britannia Industries Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Britannia Industries's Pretax 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: Pretax Margin % Comparison
For the Packaged Foods subindustry, Britannia Industries's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Britannia Industries's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Britannia Industries's Pretax 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.
Britannia Industries (NSE:BRITANNIA) has a Pretax Margin % of 16.75% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Britannia Industries and its competitors. This is near median its historical median of 16.41. Over the past decade, Britannia Industries' Pretax Margin % has ranged from 14.55 to 19.51. According to the industry distribution chart, Britannia Industries ranks #244 out of 1955 companies in the Consumer Packaged Goods industry, placing it in the top 12.5%.
Is Britannia Industries' Pretax Margin % too high?
Britannia Industries' current Pretax Margin % of 16.75% is near median its 10-year median of 16.41. Over the past 10 years, this metric has ranged from a low of 14.55 to a high of 19.51. The Consumer Packaged Goods industry median Pretax Margin % is 4.65. Britannia Industries' value of 16.75% is 260.2% above this industry median. Based on the distribution chart, Britannia Industries ranks #244 out of 1955 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' Pretax Margin % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Britannia Industries ranks #244 out of 1955 companies for Pretax Margin %. This places Britannia Industries in the top 13% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.65. Britannia Industries' value of 16.75% is 260.2% above this benchmark. Historically, Britannia Industries' own Pretax Margin % has ranged from 14.55 to 19.51 over the past decade. While the company's 10-year median is 16.41 vs. the industry median of 4.65, 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 Pretax Margin % for a Consumer Packaged Goods company?
The median Pretax Margin % among Consumer Packaged Goods companies is 4.65, based on 1,955 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Britannia Industries's current Pretax Margin % of 16.75% is 260.2% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Britannia Industries and its competitors. For the Consumer Packaged Goods industry, the median Pretax Margin % is 4.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Britannia Industries's current Pretax Margin % is 16.75%, which is near median its own 10-year median of 16.41. 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 ₹6,104.00, compared to a current price of ₹5,315.50 — trading 12.9% below its estimated fair value. The current Pretax Margin % is 16.75%, which is near median its 10-year median of 16.41 and 260.2% above the Consumer Packaged Goods industry median of 4.65. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Britannia Industries (NSE:BRITANNIA), the current Pretax Margin % is 16.75% 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 ₹5,315.50 is trading 12.9% below its estimated GF Value™ of ₹6,104.00.
GuruFocus considers Britannia Industries to be Modestly Undervalued.
Key valuation signals for NSE:BRITANNIA:
Pretax Margin %: 16.75% (near median its 10-year median of 16.41)
GF Value™: ₹6,104.00 vs. price of ₹5,315.50 (12.9% below fair value)
Industry Position: 260.2% above the Consumer Packaged Goods median (#244 of 1955)
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
Get the complete analysis for NSE:BRITANNIA
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:BRITANNIA has been successfully added to your 
