Buy Britannia Industries Ltd for the Target Rs. 7,150 by Motilal Oswal Financial Services Ltd
* We expect 12.5% revenue growth YoY, led by volume growth of 8%. The growth will be led by gram mage hikes in LUPs (60-65% sales mix).
* GP margin is expected to expand 300bp YoY to 41.7% on a low base, and EBITDA margin is likely to improve 90bp YoY to 19.3%.
* BRIT continues to focus on innovation and distribution channels to gain market share.

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