The Bombay Burmah Trading Corporation Limited (BBTC) share price
₹1224.60 on NSE as of 2026-10-08. -3.53% on the day. market cap ₹8,544 Cr. P/E 6.6. 52-week range ₹1224.60 to ₹2103.10. Fast Moving Consumer Goods.
What the company does
Incorporated in 1863, BBTCL is engaged in the business of tea and coffee plantation, and the manufacturing of auto ancillary components and dental products. BBTCL is a Wadia Group company, was incorporated in 1863. The Wadia Group is amongst the oldest corporate houses in India, with a presence across diversified segments such as consumer goods, healthcare, real estate, aviation, chemicals, and electronics. BBTCL is the investment arm of the group holding investments in many group companies, including Britannia Industries Ltd and The Bombay Dyeing & Manufacturing Co Ltd.
Filed by CRISIL, page 8.
The Bombay Burmah Trading Corporation Q1 FY27: Revenue Up 8% to ₹5,089 Cr, Biscuits Bring In 97% of Segment Revenue, and 163 Years of Paperwork
At a glance
The Bombay Burmah Trading Corporation sells biscuits, tea, car components and dental supplies. Consolidated revenue for the three months to June 2026 was ₹5,088.69 crore. That was 8.0 per cent higher than a year earlier. Operating profit came to ₹814.05 crore, up 12.4 per cent. Profit attributable to owners was ₹288.16 crore, against ₹240.70 crore a year earlier. The same line was ₹443.96 crore in the March quarter, which carried an exceptional gain. That gain was ₹87.70 crore, from the sale of tea estate assets. This quarter carried ₹14.87 crore from the same estate. The estate is apparently being sold in instalments, like a very large sofa.
The quarter also held a Supreme Court interlocutory application and a credit rating bulletin. The chief operating officer of the auto-components division resigned. The company held its 161st annual general meeting. Most listed companies do not have a 161st anything. A numbered paragraph, paragraph 59, turned into a corporate event here.
Gross segment revenue for the quarter was ₹5,156.58 crore. Food, bakery and dairy products supplied ₹5,003.45 crore of it. That is 97.0 per cent of the segment table. Tea, the business the company entered in 1913, supplied ₹12.75 crore. Food and tea share a segment table the way a stadium and a paperweight share a planet.
The group's revenue year ran to ₹19,538.62 crore. A company that is mostly biscuits by revenue still files its results as a trading corporation named after Burma.
Introduction
The Bombay Burmah Trading Corporation was founded in 1863 to carry out the teak business of William Wallace. It began as a timber company. In 1913 it moved into tea, investing in estates in South India. It is a flagship company of the Wadia Group, described as one of India's oldest conglomerates. The group's interests run from consumer goods to aviation to chemicals.
The name has now outlasted teak as the business, Burma as a country name and Bombay as a city name. The registered office is still at 9, Wallace Street, Fort, Mumbai, a street named after the teak family. The corporate identity number still reads 1863. Filings from this company carry roughly the gravity of a museum placard.
The recent history is busy. The company held 32.61 per cent of Go Airlines (India) Ltd. It filed for that airline's insolvency of its own accord in the year to March 2023. In the year to March 2026 the Singampatti estates stopped operating, after the government reclassified the land as forest and tiger reserve. The Screener summary puts the potential liability from that litigation at ₹232 crore. Tea plantations that turn into a tiger reserve are an unusual line in any annual report. Here the line sits next to biscuit volumes.
On 27 March 2026 the company sold the Dunsandle Estate in the Nilgiris for ₹120 crore. Of that, ₹110 crore had been received at the time of the filing. The Tanzania estate produced no tea in the year to March 2025. It was sold the following year for a gain of about ₹7 crore, according to the Screener summary.
Consolidated borrowings stood at ₹6,541.60 crore in March 2023 and at ₹1,590.43 crore in March 2026. The Screener summary says the debt was repaid from three sources. Those were dividend income from Britannia Industries, proceeds from the sale of the coffee division, and the recall of some related-party loans.
Ness N. Wadia was re-appointed managing director for 1 April 2026 to 31 March 2031. The remuneration is up to ₹8.37 crore a year.
Business model
The short answer is biscuits, reached through a very long corridor.
The company holds about 51 per cent of Britannia Industries. Britannia's brands include Good Day, Tiger, NutriChoice and Milk Bikis, and Marie Gold sits on the same shelf. Accounting rules on a stake that size pull Britannia's entire top line into these consolidated results. The auditor's list of entities in the consolidated statement runs to 48 subsidiaries and 15 associates. It adds one joint venture and two foreign branches. Those subsidiaries include Britannia Egypt and Kenafric Biscuits. Five more are Singapore entities named Dowbiggin, Nacupa, Spargo, Valletort and Bannatyne. Those five sound like a law firm assembled out of a Victorian novel.
The company also holds about 45 per cent of Bombay Dyeing and about 24 per cent of National Peroxide. The Screener summary puts the market value of the investment portfolio at about ₹70,000 crore in March 2026. It also says the company depends heavily on dividends from Britannia, which paid ₹895 crore in the year to March 2025.
Then there are the businesses the company runs directly. Electromags, the auto-electrical unit, has three plants in Chennai. It makes switches, solenoids, sensors and slip rings for passenger vehicles, commercial vehicles and two-wheelers. It is the component that tells the car the door is open, housed inside the company that tells the country it is teatime.
Tea means three estates in Tamil Nadu, plus an organic tea factory at Oothu-Singampatti. According to the Screener summary, these teas sell at about ₹25 a kilo above average South Indian prices. Average realisation was ₹160.79 a kilo in the year to March 2025, up from ₹143.00. Healthcare makes dental amalgams, implants, orthodontic supplies and infection-control products at a division in Uttarakhand. Horticulture sells decorative plants and landscaping through a Singapore subsidiary, Island Horti-Tech. A company that began by cutting down trees now sells them in pots.
Segment revenue for the June quarter tells the same story. Food, bakery and dairy turned ₹5,003.45 crore into a segment result of ₹777.86 crore. Investments turned ₹61.89 crore into ₹26.99 crore. Auto electrical turned ₹46.24 crore into ₹0.26 crore. Horticulture turned ₹22.36 crore into ₹1.75 crore. Plantations, meaning tea, turned ₹12.75 crore into ₹0.18 crore. Healthcare turned ₹8.86 crore into ₹1.64 crore.
Quarterly results, balance sheet, cash flow, ratios, shareholding and the filings themselves are on the full page for The Bombay Burmah Trading Corporation Limited.
Companies in the same industry as The Bombay Burmah Trading Corporation Limited
Packaged Foods