Pursuant to Regulation 30 read with Clause 15 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, please find enclosed the transcript of Investors/Analysts Call held on 12th May, 2025, pertaining to the Audited Consolidated and Standalone Financial Results and operations of the Company for the quarter and year ended 31st March, 2025.

Britannia reported Q4 FY25 revenue of ₹4,376 crore (+9% YoY) and full-year revenue of ₹17,535 crore (+6% YoY). Full-year operating margin stood at 16.4% and PAT margin at 12.5%, with PAT growing 3% YoY for the year and 4% in Q4. Direct reach expanded to 28.7 lakh outlets and rural distributors rose to 31,000, while e-commerce grew 7.5x other channels. Adjacency portfolio (croissants, milkshakes, wafers, cakes) now contributes ~25% of revenue, with management guiding a 1:1.5 growth ratio favoring adjacencies over biscuits. Cost savings hit 9x the 2013-14 baseline (~2.5% of revenue), with FY26 target also at 2.5% of topline. Raw material inflation remained aggressive: palm oil +54% YoY, cocoa +83% YoY, wheat +12% YoY, and milk +21% YoY, mitigated through pricing.