(Reuters) -Indian biscuit maker Britannia Industries posted first-quarter profit below estimates on Tuesday, hurt by higher expenses that overshadowed steady demand for its popular confectionery items.

Britannia, which sells 'Marie Gold' and 'Bourbon' biscuits, reported consolidated net profit rose 3% YoY to Rs 520.72 crore. In Q1 FY25, the FMCG giant reported a net profit of Rs 505.64 crore. However,

Britannia Industries Ltd. reported a 3% increase in its Q1 FY26 net profit, while revenue of the FMCG company has gone up 8.8%. The biscuit maker has reported a consolidated bottom line of Rs 520.72 crore,

Britannia Industries posted first-quarter profit below estimates on Tuesday, but the Indian biscuit maker said urban consumption — dull for a few quarters — is picking up.

Britannia Industries reported Q1FY26 results with a consolidated net profit of ₹520 crore, missing analyst estimates of ₹570 crore. This is an increase from ₹504 crore in the same quarter last year, but lower than ₹556 crore in the previous quarter.