Britannia Industries reported a 3% YoY rise in Q1FY26 net profit to Rs 521 crore, with revenue up 9% at Rs 4,622 crore. Sequentially, profit fell 7%. Higher raw material costs impacted margins. The company saw double-digit sales growth in key markets, supported by improving consumption trends and operational efficiencies.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,