Britannia Hit With ₹108.5 Cr GST Demand from Chennai Tax Authority; Shares Dip

• Britannia Industries received a ₹108.5 crore GST demand order from the Chennai tax authority, including an equivalent penalty and interest.
• The order, issued by the Additional Commissioner of CGST and Central Excise, relates to alleged incorrect input tax credit availment from FY 2018-19 to FY 2023-24.
• The demand was communicated via a system-generated email on December 31, 2025, after being uploaded on the GST portal.
• Britannia stated the order will not significantly impact its financial position or operations and plans to appeal the decision.
• Following the disclosure, Britannia Industries shares closed 0.53% lower on the BSE at ₹5,999.00.

Why It Matters: Britannia faces a ₹108.5 Cr GST demand for alleged ITC errors, plans to appeal, shares dip.