|
06 Oct 2025 |
Britannia Industries
|
Consensus Share Price Target
|
5992.50 |
6029.14 |
- |
0.61 |
buy
|
|
|
|
|
02 Feb 2023
|
Britannia Industries
|
Prabhudas Lilladhar
|
5992.50
|
4580.00
|
4573.05
(31.04%)
|
Target met |
Hold
|
|
|
|
|
02 Feb 2023
|
Britannia Industries
|
Motilal Oswal
|
5992.50
|
4600.00
|
4573.05
(31.04%)
|
Target met |
Neutral
|
|
|
|
|
02 Feb 2023
|
Britannia Industries
|
ICICI Securities Limited
|
5992.50
|
4700.00
|
4573.05
(31.04%)
|
Target met |
Accumulate
|
|
|
Britannia’s revenue growth of 16% YoY was in line with our estimates. Gross margin and EBITDA margin expansion of 575bps YoY and 440bps to 43.7% and 19.5% (very close to all time high margins) was driven by pricing flow through and input cost correction.
|
|
02 Feb 2023
|
Britannia Industries
|
BOB Capital Markets Ltd.
|
5992.50
|
5623.00
|
4573.05
(31.04%)
|
|
Buy
|
|
|
Q3 revenue grew 17% YoY to Rs 42bn driven by price hikes, with adj. PAT up 50%
|
|
24 Nov 2022
|
Britannia Industries
|
Bonanza
|
5992.50
|
4700.00
|
4155.15
(44.22%)
|
Target met |
Buy
|
|
|
On the weekly chart, the stock has given a bullish breakout of the Triangle pattern with a spurt volume which indicates beginning of the uptrend. On a daily chart, Britannia has been moving in higher high and higher lows formation which indicates the trend is positive.
|
|
14 Nov 2022
|
Britannia Industries
|
Geojit BNP Paribas
|
5992.50
|
4670.00
|
4106.05
(45.94%)
|
Target met |
Buy
|
|
|
|
|
09 Nov 2022
|
Britannia Industries
|
Axis Direct
|
5992.50
|
4550.00
|
4175.35
(43.52%)
|
Target met |
Buy
|
|
|
We upgrade the stock to BUY from HOLD rating with a revised TP of Rs 4,550 (45x FY24 EPS) vs. 3,950 (45x FY24E EPS).
|
|
09 Nov 2022
|
Britannia Industries
|
IDBI Capital
|
5992.50
|
4063.00
|
4098.65
(46.21%)
|
Target met |
Hold
|
|
|
|
|
07 Nov 2022
|
Britannia Industries
|
ICICI Securities Limited
|
5992.50
|
4300.00
|
3804.20
(57.52%)
|
Target met |
Accumulate
|
|
|
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).
|
|
01 Nov 2022
|
Britannia Industries
|
Bonanza
|
5992.50
|
4310.00
|
3788.00
(58.20%)
|
Target met |
Buy
|
|
|
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.
|