Britannia Industries has received a goods and services tax (GST) order demanding Rs 108.5 crore in tax along with an equivalent penalty and applicable interest, the company said in a regulatory filing on Thursday.
The order has been issued by the office of the Additional Commissioner of CGST and Central Excise, Chennai North Commissionerate, under Section 74 of the Central Goods and Services Tax Act, 2017, which deals with cases involving alleged fraud, wilful misstatement or suppression of facts, the exchange filing mentioned.
Order covers six financial years
According to the filing, the tax authority has alleged incorrect availment of input tax credit (ITC) by Britannia for six financial years, from FY19 to FY24. Based on this, the total tax demand has been quantified at Rs 108.50 crore, along with an equivalent penalty, in addition to applicable interest.
The order was uploaded on the GST portal and received by the company through a system-generated email late on 31 December 2025.
Company plans to appeal
Britannia said the order is appealable and that it will pursue appropriate legal remedies under the GST law.
“There is no significant impact on the financials, operations or other activities of the company on account of this order,” the company said in its disclosure to stock exchanges.
The packaged foods maker did not provide further details on the nature of the alleged ITC irregularities.
Britannia Q2 financials
As per the exchange filings, Britannia’s revenue from operations came out to be Rs 4,840 crore in Q2FY26. For the same period last year, it was Rs 4,667 crore, marking a 4.1% increase. Furthermore, the profit after tax for Q2FY26 stood at Rs 655 crore, as compared to Rs 532 crore a year ago.
Britannia Share Price
Britannia’s share price remained flat in early trade on Friday. The stock is up 1.34% in the last 1 month. Furthermore, it was up 24.36% in 2025.