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 Conference Call (Group Meet) held on 6th August, 2025, pertaining to the financial results and operations of the Company for the quarter ended 30th June, 2025.

Britannia reported consolidated revenue of INR 4,535 crores for Q1 FY26, delivering 9.8% revenue growth (just below double digits). PAT grew 3% to INR 263 crores, but excluding a INR 52 crore SAR revaluation charge, underlying bottom-line growth would have been 13%. Volume growth was modest at ~2%, though transaction growth was a healthier 12%, helped by rural growth in double digits and urban at high single digits. The company gained market share in 5 of 7 regions, with the Hindi belt delivering 2.7x growth of other states and 65 bps share gain. Adjacency businesses shone — Rusk grew high double digits, Croissant hit breakeven with mid-20s growth, Wafers grew ~30%, and Dairy clocked 40% growth in general trade. Management indicated the commodity inflation-deflation cycle is largely behind them, which should support margin stability or improvement. Capex guidance for FY26 was sharply cut to INR 100 crores from higher past-year levels.