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BBTC - Bombay Burmah

📊 NSE: BBTC 🏢 Auto Ancillaries 📅 Last Updated: 12/13/2025 19:40

📢 Recent Corporate Announcements

BBTC Declares Rs 17 Interim Dividend; Sets Feb 20 as Record Date for Tax Compliance

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 14 Feb 2026, 09:08 PM

The Bombay Burmah Trading Corporation Limited (BBTC) has announced an interim dividend of Rs. 17 per equity share (850% of face value) for the financial year 2025-26. The company has established Friday, February 20, 2026, as the record date to identify eligible shareholders. This communication specifically details the Tax Deduction at Source (TDS) procedures, noting a standard 10% deduction for resident shareholders with a valid PAN. Investors are required to update their tax residency status and PAN details or submit exemption forms by the record date to avoid higher tax rates.

Interim dividend of Rs. 17 per equity share declared, representing 850% of the Rs. 2 face value.
Record date for dividend eligibility and tax document submission is February 20, 2026.
Standard TDS rate of 10% applies to resident shareholders with valid PAN; 20% for those without.
No tax deduction for resident individuals if the total dividend for FY 2025-26 does not exceed Rs. 10,000.
Non-resident shareholders may claim Double Taxation Avoidance Agreement (DTAA) benefits by submitting Form 10F and TRC.

💡 Shareholders should verify that their PAN and bank account details are correctly updated with their Depository Participant by February 20. Eligible individuals should submit Form 15G/15H via the KFintech portal before the deadline to ensure nil tax deduction.

BBTC Declares 850% Interim Dividend (₹17/Share) and Reports Q3 PAT of ₹102.52 Cr

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 13 Feb 2026, 05:32 PM

The Bombay Burmah Trading Corporation Limited (BBTC) has declared a substantial interim dividend of ₹17 per equity share (850% of face value) for FY 2025-26, with the record date set for February 20, 2026. For the quarter ended December 31, 2025, the company reported a standalone Profit After Tax (PAT) of ₹102.52 crore, up from ₹96.05 crore in the same quarter last year. While revenue from operations remained flat at ₹73.22 crore, the company saw a significant improvement in its debt-to-equity ratio, dropping to 0.64 from 1.33 YoY. Additionally, the board has approved the re-appointment of Mr. Ness N. Wadia as Managing Director for a five-year term starting April 2026.

Declared an interim dividend of 850% amounting to ₹17 per equity share of face value ₹2.
Standalone Net Profit for Q3 FY26 increased to ₹102.52 crore compared to ₹96.05 crore in Q3 FY25.
Debt-to-Equity ratio improved significantly to 0.64 from 1.33 in the previous year's corresponding quarter.
Ness N. Wadia re-appointed as Managing Director for a 5-year term effective April 1, 2026.
Record date for dividend eligibility is fixed as February 20, 2026.

💡 Investors seeking dividend income should ensure they hold shares before the February 20, 2026 record date. The significant reduction in debt and leadership continuity are positive signs for long-term stability.

BBTC Q3 Profit Hits ₹102.5 Cr; Declares ₹17 Dividend; Ness Wadia Re-appointed as MD

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 05:30 PM

The Bombay Burmah Trading Corporation (BBTC) reported a standalone net profit of ₹102.52 crore for Q3 FY26, showing growth from ₹96.05 crore in the previous year. A significant interim dividend of 850% (₹17 per share) has been declared, with the record date fixed for February 20, 2026. The board also approved the re-appointment of Ness N. Wadia as Managing Director for a five-year term starting April 2026, ensuring leadership continuity. Additionally, the company's debt-to-equity ratio has improved remarkably to 0.64 from 1.33 YoY, indicating a healthier balance sheet.

Declared an interim dividend of 850% (₹17 per equity share) for FY 2025-26.
Standalone Net Profit for Q3 FY26 rose to ₹102.52 crore compared to ₹96.05 crore YoY.
Ness N. Wadia re-appointed as Managing Director for a 5-year term (2026-2031).
Debt-to-Equity ratio improved significantly to 0.64 from 1.33 in the same period last year.
Total income for the nine-month period ended December 2025 stood at ₹352.20 crore.

💡 Investors should consider the high dividend yield and the record date of February 20 to be eligible for the ₹17 payout. The improved debt profile and leadership continuity are positive long-term indicators for the stock.

BBTC Q3 Net Profit Rises to ₹102.5 Cr; Declares ₹17 Interim Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 05:27 PM

The Bombay Burmah Trading Corporation (BBTC) reported a standalone net profit of ₹102.52 crore for Q3 FY26, up from ₹96.05 crore in the previous year's corresponding quarter. A significant highlight is the declaration of a massive 850% interim dividend, amounting to ₹17 per equity share, with the record date set for February 20, 2026. The company also ensured leadership continuity by re-appointing Ness N. Wadia as Managing Director for a five-year term starting April 2026. While core revenue from operations remained flat at ₹73.22 crore, the company's debt-to-equity ratio improved remarkably to 0.64 from 1.33 YoY.

Standalone Net Profit grew to ₹102.52 crore in Q3 FY26 compared to ₹96.05 crore in Q3 FY25.
Declared an interim dividend of ₹17 per share (850% on face value of ₹2) for FY 2025-26.
Ness N. Wadia re-appointed as Managing Director for a 5-year term effective April 1, 2026.
Debt-to-equity ratio significantly improved to 0.64 from 1.33 in the previous year.
Standalone Revenue from operations for the quarter stood at ₹73.22 crore.

💡 Investors should look forward to the ₹17 per share dividend payout, which offers a strong immediate yield. The improvement in the debt-to-equity ratio and leadership stability are positive long-term indicators for the stock.

BBTC Declares Rs. 17 Interim Dividend and Reports Q3 Net Profit of Rs. 102.52 Crore

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 13 Feb 2026, 05:24 PM

The Bombay Burmah Trading Corporation (BBTC) has declared a substantial interim dividend of Rs. 17 per share (850% of face value) for FY 2025-26, with a record date of February 20, 2026. For Q3 FY26, the company reported a standalone net profit of Rs. 102.52 crore, up from Rs. 96.05 crore in the year-ago period. While revenue from operations remained relatively flat at Rs. 73.22 crore, the company significantly improved its debt-to-equity ratio to 0.64. Additionally, the board has approved the re-appointment of Ness N. Wadia as Managing Director for a further five-year term.

Interim dividend of Rs. 17 per equity share (850% of face value) declared for FY 2025-26.
Standalone Net Profit for Q3 FY26 increased to Rs. 102.52 crore from Rs. 96.05 crore YoY.
Debt-to-equity ratio improved significantly to 0.64 from 1.33 in the previous year's quarter.
Ness N. Wadia re-appointed as Managing Director for a 5-year term effective April 1, 2026.
Record date for dividend eligibility fixed as February 20, 2026.

💡 Investors seeking dividend income should ensure they hold shares before the February 20 record date. The improved debt profile and leadership continuity provide a stable outlook for long-term shareholders.

BBTC Q3 PAT Rises to ₹102.5 Cr; Declares 850% Interim Dividend of ₹17 Per Share

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 05:17 PM

The Bombay Burmah Trading Corporation (BBTC) reported a standalone net profit of ₹102.52 crore for Q3 FY26, up from ₹96.05 crore in the previous year. A major highlight is the declaration of a substantial interim dividend of ₹17 per share (850% of face value), with the record date fixed for February 20, 2026. While operational revenue remained stable at ₹73.22 crore, the company's debt-to-equity ratio improved significantly to 0.64 from 1.33 YoY. Additionally, the board has approved the re-appointment of Ness N. Wadia as Managing Director for a five-year term starting April 2026.

Standalone Net Profit for Q3 FY26 increased to ₹102.52 crore compared to ₹96.05 crore in Q3 FY25.
Declared an interim dividend of ₹17 per equity share (850%) with a record date of February 20, 2026.
Debt-to-Equity ratio improved significantly to 0.64 from 1.33 in the corresponding quarter of the previous year.
Nine-month PAT for the period ending December 2025 rose to ₹128.37 crore from ₹91.76 crore YoY.
Ness N. Wadia re-appointed as Managing Director for a 5-year term effective April 1, 2026.

💡 The significant dividend payout and improved balance sheet leverage are strong positives. Investors should ensure they hold shares by the February 20 record date to qualify for the ₹17 per share dividend.

BBTC Submits SEBI Compliance Certificate for Q3 FY 2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 06:58 PM

The Bombay Burmah Trading Corporation Limited (BBTC) has filed its quarterly compliance certificate under Regulation 74(5) of SEBI Regulations for the period ending December 31, 2025. The certificate, issued by KFin Technologies Limited, confirms that all dematerialization requests were processed within the mandatory 15-day timeframe. It further verifies that physical share certificates were mutilated and cancelled after due verification. This is a standard administrative filing that ensures the company's share registry is maintained accurately and in compliance with regulatory standards.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirmation that dematerialization requests were processed within 15 days of receipt.
Verification that security certificates were mutilated and cancelled after processing.
Registrar and Share Transfer Agent (RTA) KFin Technologies Limited confirmed the regulatory adherence.

💡 This is a routine regulatory filing with no impact on the company's fundamentals. No action is required from investors based on this announcement.

BBTC Announces Trading Window Closure from Jan 1, 2026 for Q3 FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Dec 2025, 12:57 PM

The Bombay Burmah Trading Corporation Limited (BBTC) has notified the exchanges regarding the closure of its trading window starting January 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of the unaudited financial results for the quarter ending December 31, 2025. The restriction applies to all designated persons and their immediate relatives. The trading window will remain closed until 48 hours after the financial results are officially declared and made public.

Trading window closure effective from January 1, 2026.
Closure pertains to the declaration of Q3 unaudited financial results for the period ending December 31, 2025.
Restriction applies to designated persons and their immediate relatives as per the Corporation's Code of Conduct.
The window will reopen 48 hours after the financial results are announced to the exchanges.

💡 This is a routine regulatory filing and requires no immediate action from retail investors. Investors should look forward to the upcoming Q3 earnings announcement to assess the company's financial performance.

BBTC Responds to Exchange Query on Volume Increase

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 04 Dec 2025, 10:11 AM

The Bombay Burmah Trading Corporation Limited (BBTC) responded to a query from the National Stock Exchange of India Ltd. regarding a recent increase in the company's trading volume. BBTC stated that they have been disclosing all required information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company further clarified that there is no undisclosed price-sensitive information that they are aware of. As such, BBTC does not know the reasons for the increase in volume.

BBTC responded to NSE query on December 4, 2025.
The query was regarding an increase in volume as per letter dated 3rd December, 2025.
BBTC confirms compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
BBTC's registered office is located at 9, Wallace Street, Fort, Mumbai 400 001.

💡 Investors should monitor BBTC's disclosures for any material developments. No immediate action is required, but stay informed about company announcements.

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💰 Financial Performance

Revenue Growth by Segment

Standalone revenue grew 5.3% YoY to INR 275.11 Cr in FY25. The Electromags (auto components) segment witnessed low single-digit growth. The Tea segment saw a 115.28% improvement in operating losses (from -67.04% to -31.14%) due to the discontinuation of Singampatti Estates. Coffee operations generated 0% revenue in FY25 following the sale of Elkhill estates.

Geographic Revenue Split

Not disclosed in available documents; however, the company operates plantations in India and auto component manufacturing through Electromags, with subsidiary BIL having a pan-India distribution reach.

Profitability Margins

Standalone EBITDA margin improved from -18.22% in FY24 to -14.47% in FY25. Consolidated Profit After Tax (PAT) for FY25 was INR 219.94 Cr. Standalone operations reported a loss before tax of INR 1.47 Cr in Q2 FY25 compared to a loss of INR 0.74 Cr in the same period of the previous year.

EBITDA Margin

Standalone EBITDA margin was -14.47% in FY25 (INR -39.81 Cr) compared to -18.22% (INR -47.61 Cr) in FY24. The negative margin is primarily driven by structural headwinds in the plantation division, though losses narrowed by 3.75 percentage points YoY.

Capital Expenditure

The company has adopted a 'capital-light stance' and undertakes minimal capital expenditure. Specific INR values for planned capex are not disclosed, but the strategy focuses on transforming into an investment-centric vehicle.

Credit Rating & Borrowing

The company holds an 'IND AA-/Stable' long-term rating and 'IND A1+' for its INR 200 Cr Commercial Paper programme. Interest coverage at the standalone level was -1.21x in FY25 due to EBITDA losses, while consolidated gross interest coverage stood at 19.75x.

⚙️ Operational Drivers

Raw Materials

Specific raw material names are not listed, but 'energy, freight, and inflationary wage adjustments' are identified as the primary cost drivers, particularly for the Electromags segment where they caused a 61.85% decline in segment operating profit margin.

Capacity Expansion

Electromags is currently facing 'capacity constraints' which have limited its profitability. No specific MTPA or unit expansion figures were provided, though the company is pursuing a capital-light model.

Raw Material Costs

Raw material and operating costs in the Electromags segment increased significantly, leading to a margin drop from 10.36% in FY24 to 6.40% in FY25. The company manages these through 'digitization and automation' of internal controls.

Manufacturing Efficiency

The tea segment's efficiency improved following the cessation of loss-making operations at Singampatti Estates (reclassified as a tiger reserve), which reduced the segment's negative OPBDIT margin by 35.9 percentage points.

Logistics & Distribution

Freight costs increased in FY25, impacting the Electromags segment's margins. BIL (subsidiary) leverages its distribution strength to grow market share in new segments like croissants.

📈 Strategic Growth

Expected Growth Rate

5.30%

Growth Strategy

Growth is driven by asset monetization (e.g., sale of Elkhill estates and BDMCL land parcel for INR 5,200 Cr) to reduce debt, and upstreaming dividends from BIL (INR 186.8 Cr received in FY25, up 91% YoY). The company is also expanding BIL's product portfolio into croissants and value-added dairy.

Products & Services

Biscuits, croissants, value-added dairy products (via BIL), tea (wholesale), auto electrical components (Electromags), and dental/healthcare products.

Brand Portfolio

Britannia (via BIL), Electromags.

New Products/Services

BIL has entered the 'croissants' and 'value-added dairy' segments to leverage its distribution reach. Expected revenue contribution percentages for these specific new lines are not disclosed.

Market Expansion

BIL is increasing its distribution reach to grow market share. Standalone operations are shifting toward a 'capital-light' investment vehicle model.

Market Share & Ranking

BIL (subsidiary) holds a 'leading market position' in the Indian biscuit industry.

Strategic Alliances

BBTCL is a key holding company for the Wadia Group, with significant stakes in Britannia Industries Ltd (BIL) and Bombay Dyeing & Manufacturing Company Limited (BDMCL).

🌍 External Factors

Industry Trends

The plantation industry faces 'structural headwinds' and regulatory land reclassifications. The consumer goods industry (biscuits) is evolving through premiumization into segments like croissants.

Competitive Landscape

BIL competes in the highly competitive biscuits and dairy segments; Electromags competes in the auto component sector against other electrical component manufacturers.

Competitive Moat

The moat is derived from its 150-year legacy and its ownership of BIL, which provides stable cash flows via dividends (INR 186.8 Cr in FY25). This financial flexibility allows BBTCL to raise/refinance debt despite standalone losses.

Macro Economic Sensitivity

Highly sensitive to inflationary pressures; wage adjustments and energy costs reduced Electromags' margins by 3.96 percentage points in FY25.

Consumer Behavior

Renewed demand from dental clinics and institutions post-Covid has stabilized the healthcare business.

Geopolitical Risks

The company faces risks from 'economic conditions affecting demand in overseas markets' where it operates, particularly for its manufacturing segments.

⚖️ Regulatory & Governance

Industry Regulations

The reclassification of Singampatti Estates land as a 'forest/tiger reserve' by the government forced the cessation of tea operations at that site.

Environmental Compliance

The company maintains a 'nil' fatality and lost time injury frequency rate as of FY25. ESG compliance is used to ensure ease of raising capital.

Taxation Policy Impact

Changes in the dividend tax regime are cited as a risk factor that could constrain BBTCL’s liquidity.

Legal Contingencies

Singampatti land litigation before the Madras High Court involves a potential liability of INR 232 Cr. The company also made a total impairment of INR 1,970 Cr due to the insolvency of associate Go Airlines.

⚠️ Risk Analysis

Key Uncertainties

High reliance on BIL dividends (which rose to INR 89.5 Cr including subsidiaries) for debt servicing. Any change in BIL's payout policy would impact liquidity by nearly 100% of non-operating cash flow.