3 Biscuit Maker, Frozen Dessert and Pizza Chain Stocks With a Strong Future Roadmap: Britannia Industries, Vadilal Industries and Jubilant FoodWorks
- October 21, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Britannia Industries, Vadilal Industries and Jubilant FoodWorks: ROE of 18.2% to 49.6% and FY22 to FY26 revenue CAGR of 7.8% to 21.2%. Prices as of 20 Oct 2026.
Quick Answer
The three food and restaurant stocks to watch are Britannia Industries, Vadilal Industries and Jubilant FoodWorks. Their return on equity ranges from 18.2% to 49.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.8% to 21.2%. Britannia Industries has the highest return on equity at 49.6%, while Jubilant FoodWorks has the fastest revenue growth at 21.2% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.
Food and restaurant stocks follow how India eats at home and outside. Britannia Industries, Vadilal Industries and Jubilant FoodWorks cover a leading biscuit and bakery maker, a frozen dessert and processed food company, and the operator of a large pizza delivery network.
This list covers three food and restaurant stocks with complete current figures: Britannia Industries, Vadilal Industries and Jubilant FoodWorks. Every figure comes from the latest reported financials and the 20 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Food and Restaurant Stocks?
Food and restaurant stocks are listed companies that make packaged foods or run restaurant and delivery chains. Their results depend on volume growth, pricing, store additions and the cost of ingredients.
Food and Restaurant Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Britannia Industries | 4,705 | 113,329 | 43.4 | 33.9 | 49.6 | 0.27 |
| Vadilal Industries | 7,151 | 5,137 | 23.4 | 33.9 | 18.2 | 0.27 |
| Jubilant FoodWorks | 413.5 | 27,337 | 60.8 | 57.5 | 18.7 | 2.14 |
On valuation, Vadilal Industries trades at a P/E below the industry P/E, while Britannia Industries and Jubilant FoodWorks trade above it, which reflects the growth the market already expects. Readers comparing food and restaurant stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Food and Restaurant Stocks Have a Strong Roadmap in India?
Food and restaurant stocks have a strong roadmap in India because a young population, rising incomes and the spread of delivery apps are increasing spending on packaged and ready food.
- Packaged food demand. Households are shifting from loose to branded and packed food.
- Delivery growth. Online ordering widens the reach of restaurant chains.
- Premium products. Cakes, croissants and premium desserts earn better margins than basic items.
Why Britannia Industries Features Among These Food and Restaurant Stocks
Among the food and restaurant stocks on this list, Britannia Industries is one of India’s leading food companies, making biscuits, bread, cakes, rusk and dairy products under brands such as Good Day, Marie Gold, Tiger and NutriChoice.
In the June 2026 quarter, revenue grew 8.2% year on year to Rs 5,061 crore, while net profit rose 14.1% to Rs 593 crore. Revenue rose from Rs 14,359 crore in FY22 to Rs 19,376 crore in FY26, a compound annual growth rate of 7.8%.
Net profit grew from Rs 1,516 crore in FY22 to Rs 2,537 crore in FY26, which works out to a compound annual growth rate of 13.7%. The company has a return on equity of 49.6%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 113,329 crore. The stock trades at a P/E of 43.4, above the industry P/E of 33.9.
Roadmap: The company sells through a vast distribution network that reaches millions of outlets and is widening into croissants, cakes and adjacent categories. Investments in new factories and premium products add to its reach.
What to watch: Check the growth in the premium and adjacent categories and wheat and edible oil prices.
Why Vadilal Industries Features Among These Food and Restaurant Stocks
Among the packaged food shares on this list, Vadilal Industries, based in Ahmedabad, makes ice creams and frozen desserts and also has processed foods and a franchise-led network of parlours.
The company has a return on equity of 18.2%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 5,137 crore. The stock trades at a P/E of 23.4, below the industry P/E of 33.9.
Revenue rose from Rs 706 crore in FY22 to Rs 1,525 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 44.7 crore in FY22 to Rs 155 crore in FY26, which works out to a compound annual growth rate of 36.5%. In the June 2026 quarter, revenue grew 38.6% year on year to Rs 707 crore, while net profit rose 95.4% to Rs 131 crore.
Roadmap: Rising ice cream consumption, deeper cold-chain distribution and new flavours and formats support revenue. The company is widening its retail footprint and gaining share in organised frozen desserts.
What to watch: Follow seasonal demand and the pace of new distribution tie-ups.
Why Jubilant FoodWorks Features Among These Food and Restaurant Stocks
Among the three companies on this list, Jubilant FoodWorks is India’s largest quick service restaurant operator, running Domino’s Pizza stores and brands such as Popeyes and Dunkin’ across India and select international markets.
Revenue rose from Rs 4,437 crore in FY22 to Rs 9,587 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 250 crore in FY25 to Rs 386 crore in FY26, a rise of 54.4%.
In the June 2026 quarter, revenue grew 13.6% year on year to Rs 2,588 crore, while net profit rose 6.0% to Rs 100 crore. The company has a return on equity of 18.7%, a debt to equity ratio of 2.14 and a market capitalisation of Rs 27,337 crore. The stock trades at a P/E of 60.8, above the industry P/E of 57.5.
Roadmap: The company continues to add stores in new cities and builds delivery and digital ordering strength. It is also widening its brand portfolio to improve growth beyond its main pizza brand.
What to watch: Track same-store sales growth and the pace of new store additions.
Britannia Industries vs Vadilal Industries vs Jubilant FoodWorks on Key Financials
The table below sets the three food and restaurant stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Britannia Industries | 14,359 | 19,376 | 7.8% | 2,537 | 13.1% |
| Vadilal Industries | 706 | 1,525 | 21.2% | 155 | 10.2% |
| Jubilant FoodWorks | 4,437 | 9,587 | 21.2% | 386 | 4.0% |
Britannia Industries posts the highest return on equity in this group at 49.6%. Britannia Industries has the largest FY26 revenue at Rs 19,376 crore, and Jubilant FoodWorks shows the fastest revenue growth with a 21.2% compound annual rate. A useful habit with food and restaurant stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Britannia Industries | 4,679 | 5,061 | 8.2% |
| Vadilal Industries | 510 | 707 | 38.6% |
| Jubilant FoodWorks | 2,279 | 2,588 | 13.6% |
Key Risks to Check Before Investing in Food and Restaurant Stocks
Every theme carries risks that deserve a check before any decision. For these food and restaurant stocks, the main points are: Long-term packaged food shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Ingredient costs. Wheat, dairy, edible oil and sugar prices can affect margins.
- Store economics. Restaurant growth depends on new outlets reaching stable sales.
- Consumer spending. Discretionary spending on eating out can vary with sentiment.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter food and restaurant stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Food and Restaurant Stocks
Food and restaurant stocks suit investors who want exposure to everyday consumption. Britannia Industries, Vadilal Industries and Jubilant FoodWorks each have a recognised brand and a clear route to wider reach. Based on the 20 October 2026 close, Britannia Industries trades at Rs 4,705, Vadilal Industries at Rs 7,151 and Jubilant FoodWorks at Rs 413.5.
Download the Univest iOS App or Univest Android App to track food and restaurant stocks, set price alerts and get research-backed stock ideas.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are food and restaurant stocks?
Ans. Food and restaurant stocks are listed companies that make packaged foods or run restaurant and delivery chains. Their results depend on volume growth, pricing, store additions and the cost of ingredients. This list looks at three of them, Britannia Industries, Vadilal Industries and Jubilant FoodWorks, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.
Which food and restaurant stocks are covered in this list?
Ans. This list covers Britannia Industries, Vadilal Industries and Jubilant FoodWorks. Based on the 20 October 2026 close, Britannia Industries traded at Rs 4,705, Vadilal Industries at Rs 7,151 and Jubilant FoodWorks at Rs 413.5. Their return on equity ranges from 18.2% to 49.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.8% to 21.2%.
Why do food and restaurant stocks have a strong future roadmap in India?
Ans. Food and restaurant stocks have a strong roadmap in India because a young population, rising incomes and the spread of delivery apps are increasing spending on packaged and ready food. The main drivers are as follows. Packaged food demand. Households are shifting from loose to branded and packed food. Delivery growth. Online ordering widens the reach of restaurant chains. Premium products. Cakes, croissants and premium desserts earn better margins than basic items. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Britannia Industries performed financially?
Ans. Revenue rose from Rs 14,359 crore in FY22 to Rs 19,376 crore in FY26, a compound annual growth rate of 7.8%. Net profit grew from Rs 1,516 crore in FY22 to Rs 2,537 crore in FY26, which works out to a compound annual growth rate of 13.7%. In the June 2026 quarter, revenue grew 8.2% year on year to Rs 5,061 crore, while net profit rose 14.1% to Rs 593 crore. The company has a return on equity of 49.6%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 113,329 crore. The stock trades at a P/E of 43.4, above the industry P/E of 33.9. Looking ahead, the company sells through a vast distribution network that reaches millions of outlets and is widening into croissants, cakes and adjacent categories. Investments in new factories and premium products add to its reach.
How has Vadilal Industries performed financially?
Ans. Revenue rose from Rs 706 crore in FY22 to Rs 1,525 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 44.7 crore in FY22 to Rs 155 crore in FY26, which works out to a compound annual growth rate of 36.5%. In the June 2026 quarter, revenue grew 38.6% year on year to Rs 707 crore, while net profit rose 95.4% to Rs 131 crore. The company has a return on equity of 18.2%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 5,137 crore. The stock trades at a P/E of 23.4, below the industry P/E of 33.9. Looking ahead, rising ice cream consumption, deeper cold-chain distribution and new flavours and formats support revenue. The company is widening its retail footprint and gaining share in organised frozen desserts.
How has Jubilant FoodWorks performed financially?
Ans. Revenue rose from Rs 4,437 crore in FY22 to Rs 9,587 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 250 crore in FY25 to Rs 386 crore in FY26, a rise of 54.4%. In the June 2026 quarter, revenue grew 13.6% year on year to Rs 2,588 crore, while net profit rose 6.0% to Rs 100 crore. The company has a return on equity of 18.7%, a debt to equity ratio of 2.14 and a market capitalisation of Rs 27,337 crore. The stock trades at a P/E of 60.8, above the industry P/E of 57.5. Looking ahead, the company continues to add stores in new cities and builds delivery and digital ordering strength. It is also widening its brand portfolio to improve growth beyond its main pizza brand.
What risks should investors check before buying food and restaurant stocks?
Ans. Investors should check a few risks before buying food and restaurant stocks. Ingredient costs. Wheat, dairy, edible oil and sugar prices can affect margins. Store economics. Restaurant growth depends on new outlets reaching stable sales. Consumer spending. Discretionary spending on eating out can vary with sentiment. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of food and restaurant stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 20 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
