Name: Latest research reports of Britannia Industries Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Britannia Industries Ltd.
Rating: 4
Author: ICICI Securities Limited

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	20 Sep 2025	Britannia Industries	Consensus Share Price Target	6069.50	5990.00	-	-1.31	buy	pdf Detailed Estimates
	07 Nov 2022	Britannia Industries	ICICI Securities Limited Target	6069.50	4300.00	3804.20 (59.55%)	Target met	Accumulate	pdf post cache	Broker Report All-round beat in P&L. Can't say the same about Balance Sheet though ICICI Securities Limited Britannia’s volumes +5%, price+mix +17%, revenues +22% - all surprised consensus positively. We believe amidst a not-so-buoyant demand backdrop, it continues to drive (1) market shares gains (15-year high) in weak markets and (2) distribution expansion (rural markets). pdf Copy Link Share on Share on Share on Share on Alert
	01 Nov 2022	Britannia Industries	Bonanza	6069.50	4310.00	3788.00 (60.23%)	Target met	Buy	pdf post cache	Broker Report STRATEGY: TECHNICAL RESULT PREVIEW Q2 FY23 Bonanza Given that there are good chances of breakout on both the sides but down side is normally remained limited in Britannia historically. It is advisable to be on bullish side. pdf Copy Link Share on Share on Share on Share on Alert
	05 Aug 2022	Britannia Industries	ICICI Securities Limited	6069.50	3650.00	3775.05 (60.78%)	Target met	Hold	pdf post cache	Broker Report Margin headwinds but adjacencies focus is back ICICI Securities Limited Britannia’s performance, though weaker-than-expected (volume decline of 2% YoY), was still decent (3-year volume CAGR of +6%). Concerns on inflationary raw material further increase (despite some softening recently given BRIT still has room to cover). pdf Copy Link Share on Share on Share on Share on Alert
	05 Aug 2022	Britannia Industries	Axis Direct Target	6069.50	3950.00	3688.10 (64.57%)	Target met	Hold	pdf post cache	Broker Report Result Update:Britannia Inds. Axis Direct We retain our HOLD rating due to the limited upside and value of the company with a revised TP of Rs 3,950 (45x FY24 EPS) vs 3,650 (43x FY24E EPS) pdf Copy Link Share on Share on Share on Share on Alert
	19 May 2022	Britannia Industries	Geojit BNP Paribas Target	6069.50	3890.00	3450.25 (75.91%)	Target met	Buy	pdf post cache	Broker Report BRITANIA INDUSTRIES LTD Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	05 May 2022	Britannia Industries	Arihant Capital	6069.50	3671.00	3259.85 (86.19%)	Target met	Hold	pdf post cache	Broker Report Britannia Arihant Capital pdf Copy Link Share on Share on Share on Share on Alert
	05 May 2022	Britannia Industries	IDBI Capital Target	6069.50	3970.00	3259.85 (86.19%)	Target met	Buy	pdf post cache	Broker Report Britannia Industries: Q4FY22 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	05 May 2022	Britannia Industries	Axis Direct Target	6069.50	3650.00	3277.00 (85.22%)	Target met	Hold	pdf post cache	Broker Report Result Update:Britannia Inds. Axis Direct We tweak our FY22-24E to factor in the impact of RM headinds. Retain HOLD with revised TP of Rs. 3,650 (earlier Rs. 3,700) valuing BRIT at 43x PE its FY24E EPS. pdf Copy Link Share on Share on Share on Share on Alert
	04 May 2022	Britannia Industries	Motilal Oswal Target	6069.50	3900.00	3277.00 (85.22%)	Target met	Buy	pdf post cache	Broker Report Result beats expectations; but near-term outlook challenging Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	04 May 2022	Britannia Industries	Prabhudas Lilladhar Reco Target	6069.50	3770.00	3277.00 (85.22%)	Target met	Buy	pdf post cache	Broker Report BRITANNIA INDUSTRIES Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
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34.70% Gain from 52W Low

Britannia Industries Ltd. share price target

Britannia Industries Ltd. has an average share price target of 5824.71. The consensus estimate represents a downside of -4.03% from the last price of 6069.50. View 20 reports from 7 analysts offering long-term price targets for Britannia Industries Ltd..

All-round beat in P&L. Can't say the same about Balance Sheet though

STRATEGY: TECHNICAL RESULT PREVIEW Q2 FY23

Margin headwinds but adjacencies focus is back

Result Update:Britannia Inds.

BRITANIA INDUSTRIES LTD

Britannia

Britannia Industries: Q4FY22 Result Review

Result Update:Britannia Inds.

Result beats expectations; but near-term outlook challenging

BRITANNIA INDUSTRIES

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