ad

3 Biscuits and Dairy Foods Maker, Crop Protection Company and Utility Vehicles and Tractors Maker Stocks With a Strong Future Roadmap: Britannia Industries, PI Industries and Mahindra and Mahindra

Britannia Industries, PI Industries and Mahindra and Mahindra: ROE of 11.8% to 49.6% and FY22 to FY26 revenue CAGR of 6.8% to 22.0%. Prices as of 30 Oct 2026.


2 Nov 2026 • 2:30 pm

3 Biscuits and Dairy Foods Maker, Crop Protection Company and Utility Vehicles and Tractors Maker Stocks With a Strong Future Roadmap: Britannia Industries, PI Industries and Mahindra and Mahindra

Quick Answer

The three biscuit, crop science and utility vehicle stocks to watch are Britannia Industries, PI Industries and Mahindra and Mahindra. Their return on equity ranges from 11.8% to 49.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.8% to 22.0%. Britannia Industries has the highest return on equity at 49.6%, while Mahindra and Mahindra has the fastest revenue growth at 22.0% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.

Biscuit, crop science and utility vehicle stocks let investors follow companies that serve a growing part of the Indian economy. Britannia Industries, PI Industries and Mahindra and Mahindra cover a biscuits and dairy foods maker, a crop protection company and a utility vehicles and tractors maker.

This list covers three biscuit, crop science and utility vehicle stocks with complete current figures: Britannia Industries, PI Industries and Mahindra and Mahindra. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.

Click Here – Get Free Investment Predictions

What Are Biscuit, Crop Science and Utility Vehicle Stocks?

Biscuit, crop science and utility vehicle stocks are listed companies that make biscuits, bread, cakes and dairy products, sell crop protection products with custom synthesis, and build utility vehicles, tractors and commercial vehicles. Their earnings depend on household spending, farm incomes and input costs.

Biscuit, Crop Science and Utility Vehicle Stocks at a Glance

Company CMP (Rs) Market Cap (Rs Cr) P/E Industry P/E ROE (%) D/E
Britannia Industries 4,640 113,329 43.4 33.9 49.6 0.27
PI Industries 2,100 33,166 28.5 23.3 11.8 0.03
Mahindra and Mahindra 2,840.3 354,157 17.5 23.4 18.4 1.44

On valuation, Mahindra and Mahindra trades at a P/E below the industry P/E, while Britannia Industries and PI Industries trade above it, which reflects the growth the market already expects. Readers comparing biscuit, crop science and utility vehicle stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in biscuit, crop science and utility vehicle stocks can use the coming numbers to test whether growth is holding.

Why Do Biscuit, Crop Science and Utility Vehicle Stocks Have a Strong Roadmap in India?

Biscuit, crop science and utility vehicle stocks have a strong roadmap in India because rising packaged food use, steady farm spending and strong rural vehicle demand keep widening the market for these household and farm linked companies.

  • Packaged food. Branded snacks win share from loose sellers.
  • Farm inputs. Crop care supports better yields.
  • Rural mobility. Tractors and utility vehicles serve villages.

Why Britannia Industries Features Among These Biscuit, Crop Science and Utility Vehicle Stocks

Among the biscuit, crop science and utility vehicle 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.

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.

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 PI Industries Features Among These Biscuit, Crop Science and Utility Vehicle Stocks

Among the packaged food and farm input shares on this list, PI Industries is a Udaipur-based agrochemical and custom synthesis company. It sells crop protection products in India and manufactures complex molecules for global innovators, and it has added pharma and specialty chemistry capabilities.

Revenue rose from Rs 5,401 crore in FY22 to Rs 7,024 crore in FY26, a compound annual growth rate of 6.8%. Net profit grew from Rs 844 crore in FY22 to Rs 1,321 crore in FY26, which works out to a compound annual growth rate of 11.9%.

The company has a return on equity of 11.8%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 33,166 crore. The stock trades at a P/E of 28.5, above the industry P/E of 23.3.

Roadmap: The company is building long-term supply contracts for global customers, launching new crop protection brands and widening into pharma and other specialty areas. Strong research and plant capacity support its pipeline.

What to watch: Check the growth of custom synthesis orders and new product launches.

Why Mahindra and Mahindra Features Among These Biscuit, Crop Science and Utility Vehicle Stocks

Among the three companies on this list, Mahindra and Mahindra is a leading maker of utility vehicles, tractors and commercial vehicles in India, and it also has businesses in farm services, logistics and renewable energy.

The company has a return on equity of 18.4%, a debt to equity ratio of 1.44 and a market capitalisation of Rs 354,157 crore. The stock trades at a P/E of 17.5, below the industry P/E of 23.4.

Revenue rose from Rs 91,105 crore in FY22 to Rs 202,084 crore in FY26, a compound annual growth rate of 22.0%. Net profit grew from Rs 7,253 crore in FY22 to Rs 18,622 crore in FY26, which works out to a compound annual growth rate of 26.6%. In the June 2026 quarter, revenue grew 27.5% year on year to Rs 59,204 crore, while net profit rose 37.0% to Rs 5,998 crore.

Roadmap: The company is launching new utility and electric vehicle platforms while its tractor business benefits from farm mechanisation. A strong brand in rural and semi-urban India supports volumes.

What to watch: Track utility vehicle bookings, tractor demand and progress on new electric platforms.

Britannia Industries vs PI Industries vs Mahindra and Mahindra on Key Financials

The table below sets the three biscuit, crop science and utility vehicle 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%
PI Industries 5,401 7,024 6.8% 1,321 18.8%
Mahindra and Mahindra 91,105 202,084 22.0% 18,622 9.2%

Britannia Industries posts the highest return on equity in this group at 49.6%. Mahindra and Mahindra combines the largest FY26 revenue at Rs 202,084 crore with the fastest revenue growth, a 22.0% compound annual rate. A useful habit with biscuit, crop science and utility vehicle stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Biscuit, Crop Science and Utility Vehicle Stocks

Every theme carries risks that deserve a check before any decision. For these biscuit, crop science and utility vehicle stocks, the main points are: Long-term packaged food and farm input shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

  • Consumer spending. Sales follow festivals, incomes and consumer mood.
  • Farm cycles. Tractor and crop input demand follows the monsoon and farm incomes.
  • Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.

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 biscuit, crop science and utility vehicle stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Biscuit, Crop Science and Utility Vehicle Stocks

Biscuit, crop science and utility vehicle stocks reward investors who follow demand trends, order books and margins together. Britannia Industries, PI Industries and Mahindra and Mahindra each have a clear plan to grow. Based on the 30 October 2026 close, Britannia Industries trades at Rs 4,640, PI Industries at Rs 2,100 and Mahindra and Mahindra at Rs 2,840.3. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these biscuit, crop science and utility vehicle stocks to a watchlist.

Download the Univest iOS App or Univest Android App to track biscuit, crop science and utility vehicle 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 biscuit, crop science and utility vehicle stocks?

Ans. Biscuit, crop science and utility vehicle stocks are listed companies that make biscuits, bread, cakes and dairy products, sell crop protection products with custom synthesis, and build utility vehicles, tractors and commercial vehicles. Their earnings depend on household spending, farm incomes and input costs. This list looks at three of them, Britannia Industries, PI Industries and Mahindra and Mahindra, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.

Which biscuit, crop science and utility vehicle stocks are covered in this list?

Ans. This list covers Britannia Industries, PI Industries and Mahindra and Mahindra. Based on the 30 October 2026 close, Britannia Industries traded at Rs 4,640, PI Industries at Rs 2,100 and Mahindra and Mahindra at Rs 2,840.3. Their return on equity ranges from 11.8% to 49.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.8% to 22.0%.

Why do biscuit, crop science and utility vehicle stocks have a strong future roadmap in India?

Ans. Biscuit, crop science and utility vehicle stocks have a strong roadmap in India because rising packaged food use, steady farm spending and strong rural vehicle demand keep widening the market for these household and farm linked companies. The main drivers are as follows. Packaged food. Branded snacks win share from loose sellers. Farm inputs. Crop care supports better yields. Rural mobility. Tractors and utility vehicles serve villages. 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 PI Industries performed financially?

Ans. Revenue rose from Rs 5,401 crore in FY22 to Rs 7,024 crore in FY26, a compound annual growth rate of 6.8%. Net profit grew from Rs 844 crore in FY22 to Rs 1,321 crore in FY26, which works out to a compound annual growth rate of 11.9%. The company has a return on equity of 11.8%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 33,166 crore. The stock trades at a P/E of 28.5, above the industry P/E of 23.3. Looking ahead, the company is building long-term supply contracts for global customers, launching new crop protection brands and widening into pharma and other specialty areas. Strong research and plant capacity support its pipeline.

How has Mahindra and Mahindra performed financially?

Ans. Revenue rose from Rs 91,105 crore in FY22 to Rs 202,084 crore in FY26, a compound annual growth rate of 22.0%. Net profit grew from Rs 7,253 crore in FY22 to Rs 18,622 crore in FY26, which works out to a compound annual growth rate of 26.6%. In the June 2026 quarter, revenue grew 27.5% year on year to Rs 59,204 crore, while net profit rose 37.0% to Rs 5,998 crore. The company has a return on equity of 18.4%, a debt to equity ratio of 1.44 and a market capitalisation of Rs 354,157 crore. The stock trades at a P/E of 17.5, below the industry P/E of 23.4. Looking ahead, the company is launching new utility and electric vehicle platforms while its tractor business benefits from farm mechanisation. A strong brand in rural and semi-urban India supports volumes.

What risks should investors check before buying biscuit, crop science and utility vehicle stocks?

Ans. Investors should check a few risks before buying biscuit, crop science and utility vehicle stocks. Consumer spending. Sales follow festivals, incomes and consumer mood. Farm cycles. Tractor and crop input demand follows the monsoon and farm incomes. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. 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 biscuit, crop science and utility vehicle stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 30 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.

Recent Articles

Note: This blog is for information purpose only. Investments and trading are subject to market risks, read all scheme related documents carefully.

Reviews

user-review-1
user-review-2
user-review-3
user-review-4
user-review-5
ad

Uniresearch Global Pvt Ltd
Research Analyst
SEBI Registration Number — INH000013776
Uniresearch is a subsidiary of Univest Communication Technologies Private Limited

Company Address: Registered Address: Ground Floor, Unitech Commercial Tower 2, Block B, Greenwood City, Unit 1-3, Sector 45, Gurugram, Haryana 122003

Write to us : support@univest.in, compliance@univest.in

Verify on SEBI registry →

RESEARCH ANALYST

Get SEBI Registered
advice on the stocks
trending today.

Get 3 FREE Trade Ideas

+91
for Startups Accelerator 2024

for Startups Accelerator 2024

Trusted by 1Cr Indians

Trusted by 1Cr Indians

Awarded No.1 by Economic Times

Awarded No.1 by Economic Times

GET THE APP

Join 1Cr users today.

SEBI Registered Analyst-backed Picks. Free Demat. One App

  • Free Demat account in under 5 minutes
  • Live market data — Nifty, Sensex, sector insights
  • SEBI Registered analyst-backed stock picks
Get it on Google PlayDownload on the App Store
Stocks:
All|a|b|c|d|e|f|g|h|i|j|k|l|m|n|o|p|q|r|s|t|u|v|w|x|y|z

Copyright 2026 Univest. All rights reserved.
Designed with ❤️ in India

arrow down