Biscuit major Britannia Industries expects the second half of the ongoing financial year (FY26) to deliver stronger volume growth on the back of the GST rate rationalisation in food and beverages, Varun Berry, executive vice-chairman, MD & CEO, said during an earnings’ call on Friday. From 12-18% GST earlier, most food and beverage products including biscuits have moved to the 5% tax bracket. Britannia has responded to the change with a 10-13% grammage increase in low-unit packs including Rs 5 and Rs 10 packs and price drops on larger packs. The company will also enter the ready-to-drink (RTD) protein beverage market, a space that has seen the entry of companies such as Amul in recent quarters.

“65% of our portfolio consists of Rs 5 and Rs 10 packs, where grammage increase has been do

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