|
05 Oct 2025 |
Britannia Industries
|
Consensus Share Price Target
|
5992.50 |
6029.14 |
- |
0.61 |
buy
|
|
|
|
|
07 Aug 2023
|
Britannia Industries
|
Motilal Oswal
|
5992.50
|
4600.00
|
4659.75
(28.60%)
|
Target met |
Neutral
|
|
|
|
|
06 Aug 2023
|
Britannia Industries
|
ICICI Securities Limited
|
5992.50
|
5300.00
|
4798.50
(24.88%)
|
Target met |
Accumulate
|
|
|
Britannia’s revenue growth of 9% YoY was below our (and consensus) estimates as volumes largely remained flattish with correction in pricing. Resurgence of local competition with pricing correction means growth has to be largely driven by volumes which could lag due to channel de-stocking and outperformance of local players.
|
|
09 May 2023
|
Britannia Industries
|
Sharekhan
|
5992.50
|
5500.00
|
4595.15
(30.41%)
|
|
Buy
|
|
|
|
|
08 May 2023
|
Britannia Industries
|
Axis Direct
|
5992.50
|
5300.00
|
4598.40
(30.32%)
|
Target met |
Buy
|
|
|
With an upside potential of 15% from the CMP, we maintain our BUY rating on the stock.
|
|
06 May 2023
|
Britannia Industries
|
ICICI Securities Limited
|
5992.50
|
5300.00
|
4626.00
(29.54%)
|
Target met |
Accumulate
|
|
|
Britannia’s revenue growth of 13% YoY was above our estimates. Gross margin and EBITDA margin expansion of 690bps YoY and 440bps YoY to 44.9% and 19.9% (very close to all time high margins) was driven by pricing flow through, lower input cost index and strategic raw material buying.
|
|
06 May 2023
|
Britannia Industries
|
Motilal Oswal
|
5992.50
|
4600.00
|
4626.00
(29.54%)
|
Target met |
Neutral
|
|
|
|
|
06 May 2023
|
Britannia Industries
|
BOB Capital Markets Ltd.
|
5992.50
|
5623.00
|
4626.00
(29.54%)
|
|
Buy
|
|
|
Strong 13% YoY topline growth in Q4 fuelled by pricing, enhanced distribution reach and market share gains
|
|
05 May 2023
|
Britannia Industries
|
Sharekhan
|
5992.50
|
5500.00
|
4598.40
(30.32%)
|
|
Buy
|
|
|
|
|
03 Feb 2023
|
Britannia Industries
|
Axis Direct
|
5992.50
|
5100.00
|
4628.85
(29.46%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock as we increase our FY23/24E PAT estimates by 11%/4% to factor in strong result performance and future growth outlook.
|
|
03 Feb 2023
|
Britannia Industries
|
SMC online
|
5992.50
|
|
4628.85
(29.46%)
|
|
Results Update
|
|
|
|