| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 1340 | | Target | | | | | 1370 | | Reco | | | | | BUY | | Net Sales | 45,897 | 54,608 | 61,359 | 68,293 | 79,363 | | Growth (%) | | 19 | 12 | 11 | 16 | | EBIDTA | 2,166 | 2,863 | 3,711 | 5,448 | 6,698 | | EBITDA Margin | | 5 | 6 | 8 | 8 | | Net Profit | 1,338 | 1,997 | 2,597 | 3,962 | 4,669 | | Growth (%) | | 49 | 30 | 53 | 18 | | EPS, Rs | 11 | 17 | 22 | 33 | 39 | | PER, x | 119.7 | 80.2 | 61.7 | 40.5 | 34.4 | | EV/EBIDTA, x | 77 | 58 | 44 | 30 | 24 | | P/BV, x | 49 | 39 | 29 | 20 | 14 | | ROE, % | 47 | 41 | 49 | 47 | 50 | | Total debt/Equity (%) | 171.4 | 137.8 | 53.2 | 7.3 | -11.8 |
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Latest Reports
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| Date |
Description |
Country |
Analyst |
Download |
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| 05-May-2023 |
Britannia Industries (BRIT IN) 4QFY23 Result Update: Must have cookie in one’s palate ; Maintain High Conviction BUY with Revised TP of Rs. 5,600/ |
India |
Vishal Gutka |
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| 02-Feb-2023 |
Britannia Industries (BRIT IN) 3QFY23: Result Update- Strong operating performance ; Maintain BUY with Revised TP of Rs. 5,400 |
India |
Vishal Gutka |
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| 07-Nov-2022 |
Britannia Industries (BRIT IN) 2QFY23: Quarter Update - Volume growth momentum to sustain ; Maintain BUY with Revised of Rs. 5,000/- |
India |
Vishal Gutka |
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| 04-Aug-2022 |
Britannia Industries (BRIT IN) 1QFY23 Result Update: On the path towards recovery in margins ; Maintain BUY with Revised TP of RS. 4,200/- |
India |
Vishal Gutka |
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| 05-May-2022 |
Britannia Industries (BRIT IN) 4QFY22- Result Update: Strong KPI’s despite challenges ; Maintain BUY with Revised TP of Rs. 4,000 |
India |
Vishal Gutka |
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| 09-Nov-2021 |
Britannia Industries (BRIT IN): 2QFY22 Result update - Short term blip in structural foods story; Maintain BUY with TP of Rs. 4,600 |
India |
Vishal Gutka |
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| 02-Aug-2021 |
Britannia Industries - 1QFY22: ; Long term story remains intact; although near term might turn out to be challenging - Maintain BUY with TP - Rs. 4,200 |
India |
Vishal Gutka |
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| 27-Apr-2021 |
Britannia Industries 4QFY21: - Long term thesis intact; although near term challenging - Maintain Buy |
India |
Vishal Gutka |
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| 08-Feb-2021 |
Britannia Industries Q3FY21: Volume growth momentum decelerates further - Maintain Buy |
India |
Vishal Gutka |
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| 20-Oct-2020 |
Britannia Industries Q2FY21: Volume growth momentum decelerates - Maintain Buy |
India |
Vishal Gutka |
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| 17-Jul-2020 |
Britannia Industries Q1FY21: Must be part of “COVID-Proof” portfolio - Maintain Buy |
India |
Vishal Gutka |
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| 03-Jun-2020 |
Britannia Industries Q4FY20: Blessing in disguise - Maintain Buy |
India |
Vishal Gutka |
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| 27-May-2020 |
Britannia Industries: Good Days” ahead - Company update Upgrade to BUY |
India |
Vishal Gutka |
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| 10-Feb-2020 |
Britannia Industries Q3FY20:Near term challenges outweigh structural growth drivers - Maintain Neutral |
India |
Vishal Gutka |
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| 15-Nov-2019 |
Britannia Q2FY20: Healthy operating performance despite headwinds |
India |
Vishal Gutka |
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| 13-Aug-2019 |
Britannia Q1FY20: No respite in near term |
India |
Vishal Gutka |
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| 11-Jun-2019 |
Britannia (Company update): Extracting the best from its vendors |
India |
Vishal Gutka |
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| 03-May-2019 |
Britannia Q4FY19: Priced to perfection |
India |
Vishal Gutka |
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| 12-Feb-2019 |
Britannia Q3FY19: Priced to perfection |
India |
Vishal Gutka |
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| 13-Nov-2018 |
Britannia Q2FY19: Priced to perfection |
India |
Vishal Gutka |
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| 31-May-2017 |
Britannia Q4FY17: RM cost inflation continues to bite, cost control in focus |
India |
Jubil Jain |
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| 14-Feb-2017 |
Britannia Q3FY17: Strong all-round performance; Maintain Neutral |
India |
Jubil Jain |
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| 11-Aug-2016 |
Britannia Q1FY17: Inflation to limit margin expansion; Downgrade to Neutral |
India |
Jubil Jain |
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| 23-May-2016 |
Britannia Q4FY16: Growth story intact; Maintain Buy |
India |
Jubil Jain |
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| 16-Nov-2015 |
Britannia Q2FY16 Update: Strong performance continues; Maintain Buy |
India |
Jubil Jain |
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