News

Neutral Britannia Industries Ltd For Target Rs 4,600 - Motilal Oswal Financial Services Ltd * Britannia Industries (BRIT)’s revenue was in line while profitability was slightly below our estimates at ~INR4.5b (est. INR4.7b). GP margin and EBITDA margin expanded YoY due to moderating RM prices while they contracted 300/270bp QoQ because of PLI scheme in 4QFY23 and price cuts taken in 1QFY24. * In response to the prevailing trend of smaller regional players offering more discounts and promotions due to the moderating RM prices, BRIT also implemented price reductions to mainta...
Neutral Britannia Industries Ltd For Target Rs 4,600 - Motilal Oswal Financial Services Ltd
Neutral Britannia Industries Ltd For Target Rs 4,600 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
11/08/2023 2:30:43 PM
Neutral Britannia Industries Ltd For Target Rs. 4,600 - Motilal Oswal Financial Services Ltd * Britannia Industries (BRIT)’s revenue was in line while profitability was slightly below our estimates at ~INR4.5b (est. INR4.7b). GP margin and EBITDA margin expanded YoY due to moderating RM prices while they contracted 300/270bp QoQ because of PLI scheme in 4QFY23 and price cuts taken in 1QFY24. * In response to the prevailing trend of smaller regional players offering more discounts and promotions due to the moderating RM prices, BRIT also implemented price reductions to mainta...
Neutral Britannia Industries Ltd For Target Rs. 4,600 - Motilal Oswal Financial Services Ltd
Neutral Britannia Industries Ltd For Target Rs. 4,600 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
9/08/2023 12:52:43 PM
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking Ltd Mixed revenue growth: Britannia posted mixed growth with revenue at Rs 4,011cr, up by 8.4% YoY and on sequential basis, growth was flat. Further, during the quarter, the company’s mixed growth suggested that on one hand investment in brands and growth from urban states were strong. However, on the other hand, volumes remained flattish and also they took grammage addition and price reduction of certain products to sustain competition from local players which impacted revenue growth to ce...
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking Ltd
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking Ltd
Source: Religare Broking Ltd
8/08/2023 2:37:14 PM
FII selling streak caps Nifty upside Domestic equities held on to their positive stance despite mixed global cues. Nifty opened higher and remained in positive territory throughout the session to close with marginal gains of 81 points at 19598 levels, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Majority of the sectors ended in green with buying seen in IT & Pharma. Markets are likely to trade in a range ahead of RBI policy this week, he said. FIIs continued their selling streak for...
FII selling streak caps Nifty upside
FII selling streak caps Nifty upside
Source: IANS
8/08/2023 9:44:08 AM
Biscuit maker Britannia drops most on Nifty 50 after Q1 profit miss  Shares in India's Britannia Industries fell as much as 2.2% on Monday - the biggest loser on India's bluechip index - after the Marie Gold biscuits maker reported quarterly earnings below estimates partly due to higher expenses. Britannia, which also sells cakes and breads, on Friday posted a consolidated profit of 4.58 billion rupees ($55.36 million) for the first quarter ended June 30, compared with 3.37 billion rupees a year earlier. However, that was below market expec...
Biscuit maker Britannia drops most on Nifty 50 after Q1 profit miss
Biscuit maker Britannia drops most on Nifty 50 after Q1 profit miss
Source: Reuters
7/08/2023 10:36:45 AM
Buy Britannia Industries Ltd For Target Rs.5,700 - Emkay Global Britannia Industries is well-placed in the core biscuits segment and is promptly addressing adjacency gaps, to evolve into a ‘Total Foods Company’. Britannia aspires to clock mid-teen growth, with double-digit growth in Biscuits which, we believe, is possible only post requisite action towards establishing its adjacencies. But given the relentless rural slowdown, we model-in a low 10% revenue CAGR over FY23-26E. We initiate coverage on Britannia with a BUY and Jun-24E TP of Rs5,70...
Buy Britannia Industries Ltd For Target Rs.5,700 - Emkay Global
Buy Britannia Industries Ltd For Target Rs.5,700 - Emkay Global
Source: Emkay Global Financial Services Ltd
16/06/2023 1:06:24 PM
Neutral Britannia Industries Ltd For Target Rs.5190 - JM Financial Institutional Securities Britannia’s 4Q performance was tad below expectation on volumes front but a way stronger gross margin for the third time in a row made up for the shortfall. The quantum of earnings beat was also led by bunched-up government incentives received, ex which EBITDA was broadly inline with what we were expecting. Volumes in terms of grammages grew in “very low single-digit” over past 6M but growth in packs sold was c.12% during Mar-Q, as per management. Going into FY24, management...
Neutral Britannia Industries Ltd For Target Rs.5190 - JM Financial Institutional Securities
Neutral Britannia Industries Ltd For Target Rs.5190 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
10/05/2023 2:40:54 PM
Neutral Britannia Industries Ltd For Target Rs.4,600 - Motilal Oswal Financial Services Ltd * BRIT topline was in line with our estimates, while EBITDA was 8% ahead of our estimates as margin came in at 19.9%, which is the highest barring the covid period. However, normalizing for the PLI benefits , EBITDA was in line with our expectations. * Volumes grew ~2% for the quarter. The company is making investments in both greenfield and brownfield projects to expand its capacities, which would facilitate further growth in volume. The management has indicated that the company has been ...
Neutral Britannia Industries Ltd For Target Rs.4,600 - Motilal Oswal Financial Services Ltd
Neutral Britannia Industries Ltd For Target Rs.4,600 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
8/05/2023 11:45:48 AM
India's Britannia Q4 profit jumps nearly 50% on strong demand BENGALURU- Indian bread and biscuits maker Britannia Industries Ltd on Friday reported a bigger-than-expected 47% jump in quarterly profit as strong demand and past price hikes helped expand margins. Consumer goods companies globally hiked prices of products or reduced quantities to offset cost inflation and protect their earnings margins. Britannia, which sells the Marie Gold and Good Day brand of biscuits, reported a consolidated net profit of 5.59 billion rupees ($68.43 million) in t...
India's Britannia Q4 profit jumps nearly 50% on strong demand
India's Britannia Q4 profit jumps nearly 50% on strong demand
Source: Reuters
5/05/2023 6:51:22 PM
Neutral Britannia Industries Ltd For Target Rs.4,960 - Yes Securities Strong franchise with hunger of market share We initiate coverage on Britannia Industries Ltd. (BRIT) with NEUTRAL rating due to following reasons: (1) Strong runway of growth in Indian packaged foods industry. (2) Continues market share gains in the core category with increased focus on smaller towns supporting growth. (3) Non?Biscuit portfolio gradually increasing in mix led by NPD’s. (5) Decent margin expansion over FY23E?25E led by price actions, normalization of commodity inflat...
Neutral Britannia Industries Ltd For Target Rs.4,960 - Yes Securities
Neutral Britannia Industries Ltd For Target Rs.4,960 - Yes Securities
Source: Yes Securities Ltd
13/03/2023 12:39:45 PM
Britannia Industries trades in green on the BSE Britannia Industries is currently trading at Rs. 4630.25, up by 54.55 points or 1.19% from its previous closing of Rs. 4575.70 on the BSE. The scrip opened at Rs. 4590.00 and has touched a high and low of Rs. 4656.45 and Rs. 4571.50 respectively. So far 7473 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4,656.45 on 03-Feb-2023 and a 52 week low of Rs. 3050.00 on 08-Mar-2022. Last one week high and low of the s...
Britannia Industries trades in green on the BSE
Britannia Industries trades in green on the BSE
Source: Accord Fintech
3/02/2023 11:39:25 AM
Britannia Industries hits 52-week high on reporting over 2- fold jump in Q3 consolidated net profit Britannia Industries is currently trading at Rs. 4552.60, up by 183.30 points or 4.20% from its previous closing of Rs. 4369.30 on the BSE. The scrip opened at Rs. 4502.05 and has touched a high and low of Rs. 4596.65 and Rs. 4371.70 respectively. So far 27239 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4,596.65 on 2-Feb -2022 and a 52 week low of Rs. 3050.00 on 08-Mar-2022. Last one week high and low of the...
Britannia Industries hits 52-week high on reporting over 2- fold jump in Q3 consolidated net profit
Britannia Industries hits 52-week high on reporting over 2- fold jump in Q3 consolidated net profit
Source: Accord Fintech
2/02/2023 12:02:06 PM
Stock Picks - Buy Britannia Industries Ltd And Balrampur Chini Mills Ltd Ltd By ICICI Direct Britannia Industries Ltd Buy Britannia Industries Ltd @ 4448-4454 CMP 4444.70 Stop Loss 4419.30 Target 4497.00   Balrampur Chini Mills Ltd Buy Balrampur Chini Mills Ltd @ 394.50-395.50 CMP 393.90 Stop Loss 390.70 Target 401.00     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html...
Stock Picks - Buy Britannia Industries Ltd And Balrampur Chini Mills Ltd Ltd By ICICI Direct
Stock Picks - Buy Britannia Industries Ltd And Balrampur Chini Mills Ltd Ltd By ICICI Direct
Source: ICICI Direct Ltd
19/12/2022 11:55:15 AM
Buy Britannia Industries Ltd For Target Rs.4,749 - Religare Broking Strong Q2FY23, revised rating to Buy Strong revenue growth: Britannia Industries (BRIT) posted strong Q2FY23 numbers, better than our expectations on both revenue and margin front. Revenue came in at Rs 4,380cr, up by 21.4% YoY and 18.3% QoQ while volume grew in mid-single digit (~4-5%). The growth was largely driven by better demand for its products as well as increasing distribution reach in rural areas, new launches in biscuits and adjacent categories and its focus on go-to-market strat...
Buy Britannia Industries Ltd For Target Rs.4,749 - Religare Broking
Buy Britannia Industries Ltd For Target Rs.4,749 - Religare Broking
Source: Religare Broking Ltd
8/12/2022 11:31:59 AM
Britannia Industries surges on eyeing cheese products business to grow five-fold in next five years Britannia Industries is currently trading at Rs. 4419.40, up by 19.95 points or 0.45% from its previous closing of Rs. 4399.45 on the BSE. The scrip opened at Rs. 4399.45 and has touched a high and low of Rs. 4428.75 and Rs. 4381.60 respectively. So far 3357 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4,428.75 on 02-Dec-2022 and a 52 week low of Rs. 3050.00 on 08-Mar-2022. Last one week high and low of the s...
Britannia Industries surges on eyeing cheese products business to grow five-fold in next five years
Britannia Industries surges on eyeing cheese products business to grow five-fold in next five years
Source: Accord Fintech
2/12/2022 3:20:29 PM
Stock Picks -Britannia Industries Ltd And Sun Pharma Ltd By ICICI Direct Britannia Industries Ltd Buy Britannia Industries Ltd @ 4284-4290 CMP 4285.35 Stop Loss 4248.30 Target 4322.00/4355.00   Sun Pharma  Ltd Buy Sun Pharma Ltd @ 1048-1052 CMP 1049.85 Stop Loss 1040.70 Target 1058.30/1066.50       To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Discla...
Stock Picks -Britannia Industries Ltd And Sun Pharma Ltd By ICICI Direct
Stock Picks -Britannia Industries Ltd And Sun Pharma Ltd By ICICI Direct
Source: ICICI Direct Ltd
30/11/2022 11:14:47 AM
Britannia Industries soars on entering into Joint Venture Agreement with Bel SA, France and Britannia Dairy Britannia Industries is currently trading at Rs. 4277.35, up by 65.20 points or 1.55% from its previous closing of Rs. 4212.15 on the BSE. The scrip opened at Rs. 4230.00 and has touched a high and low of Rs. 4300.80 and Rs. 4224.30 respectively. So far 9180 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4,300.80 on 29-Nov-2022 and a 52 week low of Rs. 3050.00 on 08-Mar-2022. Last one week high and low of the s...
Britannia Industries soars on entering into Joint Venture Agreement with Bel SA, France and Britannia Dairy
Britannia Industries soars on entering into Joint Venture Agreement with Bel SA, France and Britannia Dairy
Source: Accord Fintech
29/11/2022 3:46:00 PM
Neutral Britannia Industries Ltd For Target Rs.4210 - Motilal Oswal Financial Services Beat on all fronts; material cost pressures persist * BRIT performed significantly better than expected in 2QFY23. Despite an effective price increase of over 18% YoY, volumes were up by ~4%. * High velocity consumption categories like Biscuits usually witness a lower offtake during periods of high CPI inflation, as discretionary consumption is sacrificed, but this was not the case on this occasion. Three-year sales CAGR remained in double-digits. * All three critical raw materials (...
Neutral Britannia Industries Ltd For Target Rs.4210 - Motilal Oswal Financial Services
Neutral Britannia Industries Ltd For Target Rs.4210 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
19/11/2022 11:37:31 AM
Add Britannia Industries Ltd For Target Rs.4300 - ICICI Securities All-round beat in P&L. Can't say the same about Balance Sheet though 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). We note that it has redeemed Rs7.2bn of bonus debentures in Aug-22; borrowings have been higher (in 1HFY23) with higher inventory, dividends....
Add Britannia Industries Ltd For Target Rs.4300 - ICICI Securities
Add Britannia Industries Ltd For Target Rs.4300 - ICICI Securities
Source: ICICI Securities
9/11/2022 3:34:28 PM
Buy Britannia Industries Ltd For Target Rs.4575 - Centrum Broking Glimpses of strong performance to continue   Britannia’s Q2FY23 print was higher than our estimates; Consolidated revenue/EBITDA/PAT  grew 22.1%/27.5%/27.7% YoY. We reckon, sharp price increases (18.0%) and 4.0% volume  growth  achieved  due  to  strong  focus  on  rural  distribution  (18.0% ...
Buy Britannia Industries Ltd For Target Rs.4575 - Centrum Broking
Buy Britannia Industries Ltd For Target Rs.4575 - Centrum Broking
Source: Centrum Broking
8/11/2022 2:30:41 PM
India`s Britannia Industries shares jump after profit beat Shares of India's Britannia Industries Ltd rose as much as 10% on Monday, after the Good Day and Tiger biscuits maker reported late Friday a 28.4% jump in second-quarter consolidated net profit. The company's profit was 4.93 billion rupees ($59.97 million) for the three months ended on Sept. 30, beating analysts' expectations for a profit of 4.12 billion rupees, according to Refinitiv IBES data. Total revenue from operations rose 21.4% to 43.8 billion rupees from 36.07 billi...
India`s Britannia Industries shares jump after profit beat
India`s Britannia Industries shares jump after profit beat
Source: Accord Fintech
7/11/2022 10:11:17 AM
Downgrade to Neutral Britannia Industries For Target Rs.670 - Motilal Oswal Financial Services Volumes and margins disappoint in 1QFY23… …rich valuations lead to downgrade * After displaying resilience in 4QFY22 volumes despite steep price hikes, BRIT’s 1QFY23 result was disappointing with a low single-digit volume decline. With further price increases likely in 2QFY23 (cumulative 6-7% price hike in 1HFY23), the effective price hike will be ~20% YoY. This might delay the eventual volume recovery, especially in a price sensitive category like biscuits. * BRI...
Downgrade to Neutral Britannia Industries For Target Rs.670 - Motilal Oswal Financial Services
Downgrade to Neutral Britannia Industries For Target Rs.670 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
8/10/2022 11:49:21 AM
Britannia Industries soars as its arm acquires stake in Kenafric Biscuits Britannia Industries is currently trading at Rs. 3806.45, up by 38.50 points or 1.02% from its previous closing of Rs. 3767.95 on the BSE. The scrip opened at Rs. 3785.05 and has touched a high and low of Rs. 3825.75 and Rs. 3778.40 respectively. So far 2653 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3991.00 on 06-Oct-2021 and a 52 week low of Rs. 3050.00 on 08-Mar-2022. Last one week high and low of the sc...
Britannia Industries soars as its arm acquires stake in Kenafric Biscuits
Britannia Industries soars as its arm acquires stake in Kenafric Biscuits
Source: Accord Fintech
4/10/2022 2:08:51 PM
Britannia appoints Varun Berry as executive VC, MD & Rajneet Kohli as CEO Britannia Industries on Friday said that its board has elevated Varun Berry as executive vice-chairman and managing director with immediate effect and also appointed Rajneet Singh Kohli as executive director and chief executive officer. In an exchange filing, the company said that Kohli's appointment will be effective from 26 September 2022 for a perioid of five years and he will report to Varun Berry. He is not debarred from holding the office of director by virtue of any SEBI order or a...
Britannia appoints Varun Berry as executive VC, MD & Rajneet Kohli as CEO
Britannia appoints Varun Berry as executive VC, MD & Rajneet Kohli as CEO
Source: Dion Global Solutions Ltd
26/09/2022 12:29:32 PM
Stock Picks - Cipla Ltd and Britannia Industries Ltd By ICICI Direct Cipla Ltd Buy Cipla Ltd@1046.00-1048.00 CMP 1058.90Stop Loss1036.70 Target 1057.00/1068.00   Britannia Industries Ltd Buy Britannia Industries Ltd@3718.00-3724.00 CMP 3757.70Stop Loss3687.30 Target 3751.00/3781.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631  ...
Stock Picks - Cipla Ltd and Britannia Industries Ltd By ICICI Direct
Stock Picks - Cipla Ltd and Britannia Industries Ltd By ICICI Direct
Source: ICICI Direct
14/09/2022 12:54:16 PM
Buy Britannia Industries Ltd For Target Rs. 3,775 - Centrum Broking Margin trajectory visible; weak start in Q1FY23   Britannia’s Q1FY23 print was lower than our estimates; Consolidated revenue grew 9.0%,  while EBITDA/PAT declined 9.6%/13.8% YoY. We reckon, sharp price increases resulted in  2% volume decline, though absolute packets sold remained flat....
Buy Britannia Industries Ltd For Target Rs. 3,775 - Centrum Broking
Buy Britannia Industries Ltd For Target Rs. 3,775 - Centrum Broking
Source: Centrum Broking Ltd
22/08/2022 12:31:59 PM
Buy Britannia Industries Ltd For Target Rs. 4,183 - Centrum Broking Margin trajectory visible; weak start in Q1FY23   Britannia’s Q1FY23 print was lower than our estimates; Consolidated revenue grew 9.0%, while EBITDA/PAT declined 9.6%/13.8% YoY. We reckon, sharp price increases resulted in 2% volume decline, though absolute packets sold remained flat. Management said, given challenging environment, BRIT is vigilant and taking steps through mix of pricing and cost optimization to revive profitability. We note r...
Buy Britannia Industries Ltd For Target Rs. 4,183 - Centrum Broking
Buy Britannia Industries Ltd For Target Rs. 4,183 - Centrum Broking
Source: Centrum Broking Ltd
8/08/2022 11:59:17 AM
Neutral Britannia Industries Ltd For Target Rs.3,670 - Motilal Oswal Financial Services Volumes and margins disappoint in 1QFY2 rich valuations lead to downgrade * After displaying resilience in 4QFY22 volumes despite steep price hikes, BRIT’s 1QFY23 result was disappointing with a low single-digit volume decline. With further price increases likely in 2QFY23 (cumulative 6-7% price hike in 1HFY23), the effective price hike will be ~20% YoY. This might delay the eventual volume recovery, especially in a price sensitive category like biscuits. * BRIT’s 1...
Neutral Britannia Industries Ltd For Target Rs.3,670 - Motilal Oswal Financial Services
Neutral Britannia Industries Ltd For Target Rs.3,670 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
5/08/2022 2:29:25 PM
Key Stock News - Bajaj Auto, Samsung Electronics, Apple, Britannia Industries, Insurtech SpiceJet, By ARETE Securities Key News Bajaj Auto looks to sell its e-scooter Chetak from 75 locations in FY23 Witnessing a robust demand for its electric scooter Chetak, Bajaj Auto plans to scale up the sales infrastructure for the model to 75 locations across the country in the current fiscal. The Pune-based firm had brought back its iconic Chetak scooter in electric avatar in October 2019.   Samsung likely to log $11 bn in profit on robust chip business in Q2 Samsung Electronics is expected to repor...
Key Stock News - Bajaj Auto, Samsung Electronics, Apple, Britannia Industries, Insurtech SpiceJet, By ARETE Securities
Key Stock News - Bajaj Auto, Samsung Electronics, Apple, Britannia Industries, Insurtech SpiceJet, By ARETE Securities
Source: ARETE Securities Ltd
6/07/2022 9:19:43 AM
Large Cap: Buy Britannia Industries Ltd Target Rs.3,890 - Geojit Financial Services Healthy volume growth… Britannia Industries Limited is a leading food-products company in India. The company sells various brands of confectionaries in India and globally. • Q4FY22 sales was up 15.5% YoY to Rs. 3,508cr driven by volume growth. Britannia Industries Limited registered modest PAT growth of 4.3% in Q4FY22 reaching Rs. 380cr. • EBITDA margin contracted by 90bps YoY to 15.7%, due to higher commodities prices. • Inflationary pressure on input costs ...
Large Cap: Buy Britannia Industries Ltd Target Rs.3,890 - Geojit Financial Services
Large Cap: Buy Britannia Industries Ltd Target Rs.3,890 - Geojit Financial Services
Source: Geojit Financial Services Ltd
20/05/2022 11:28:54 AM
Buy Britannia Industries Ltd Target Rs.3850 - JM Financial Services Positive surprise on both margin and volumes Britannia 4QFY22 report was a positive surprise on margin as well as on volumes front. Volumes grew c.4% despite a double-digit cumulative price-hikes (c.10-11%), and is more so commendable given that the company needed to effect two-thirds of pricing through grammage reduction. The bigger surprise to us was on margin with slight sequential uptick in gross and operating margins despite commodity costs behaving the way they did (our workings sugg...
Buy Britannia Industries Ltd Target Rs.3850 - JM Financial Services
Buy Britannia Industries Ltd Target Rs.3850 - JM Financial Services
Source: JM Financial Services Ltd
7/05/2022 9:24:32 AM
Britannia Industries jumps despite weakness over Dalal Street Britannia Industries is currently trading at Rs. 3315.95, up by 38.85 points or 1.19% from its previous closing of Rs. 3277.10 on the BSE. The scrip opened at Rs. 3235.00 and has touched a high and low of Rs. 3320.60 and Rs. 3188.90 respectively. So far 12433 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4152.05 on 14-Sep-2021 and a 52 week low of Rs. 3050.00 on 08-Mar-2022. Last one week high and low of the s...
Britannia Industries jumps despite weakness over Dalal Street
Britannia Industries jumps despite weakness over Dalal Street
Source: Accord Fintech
6/05/2022 12:26:31 PM
Add Britannia Industries Ltd Target Rs.3800 - Yes Securities Strong growth delivery and outlook but inflation headwinds to remain an overhang; maintain ADD Our view Britannia’s volume growth of 5% driven by strong execution‐led market share gains, decent progress in adjacent businesses together with an aggressive capex plan for FY23 reinforces a better growth outlook than peers in this difficult demand environment. While the company has been the first mover in taking up prices to pass on inflation, further concerns on wheat and palm oil sup...
Add Britannia Industries Ltd Target Rs.3800 - Yes Securities
Add Britannia Industries Ltd Target Rs.3800 - Yes Securities
Source: Yes Securities Ltd
5/05/2022 10:38:16 AM
Britannia Ind. Q4 net profit up 16.97% at Rs 413.43 cr The company reported standalone net profit of Rs 413.43 crore for the quarter ended March 31, 2022 as compared to Rs 353.46 crore in the same period last year, registering a year-on-year growth of 16.97 per cent. Net revenue of the company rose moderately by 16.80 per cent at Rs 3,336.45 crore in January-March quarter of this fiscal as against Rs 2,856.50 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 14.18 per cent to Rs 2,814.41 cr...
Britannia Ind. Q4 net profit up 16.97% at Rs 413.43 cr
Britannia Ind. Q4 net profit up 16.97% at Rs 413.43 cr
Source: Dion Global Solutions Ltd
3/05/2022 4:59:41 PM
Britannia Industries surges on rolling out 'Marie Gold Jeera' in Tamil Nadu Britannia Industries is currently trading at Rs. 3375.90, up by 78.70 points or 2.39% from its previous closing of Rs. 3297.20 on the BSE. The scrip opened at Rs. 3329.90 and has touched a high and low of Rs. 3402.00 and Rs. 3300.45 respectively. So far 14561 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4152.05 on 14-Sep-2021 and a 52 week low of Rs. 3050.00 on 08-Mar-2022. Last one week high and low of the s...
Britannia Industries surges on rolling out 'Marie Gold Jeera' in Tamil Nadu
Britannia Industries surges on rolling out 'Marie Gold Jeera' in Tamil Nadu
Source: Accord Fintech
26/04/2022 12:19:35 PM
Buy Britannia Industries Ltd For Target Rs.4,400 - Motilal Oswal Price increases to support margins * Britannia Industries (BRIT)’s 2QFY22 topline came in ahead of our expectations, while EBITDA missed our estimates by 3–4%. Lower other income and higher-than-usual tax rates led to a ~10% miss at the adjusted PAT level. * While the prices of raw materials are at multi-year highs (despite flat to lowsingle-digit increases in wheat and sugar costs), ongoing price increases / grammage reduction would support margins going ahead. * a) The ...
Buy Britannia Industries Ltd For Target Rs.4,400 - Motilal Oswal
Buy Britannia Industries Ltd For Target Rs.4,400 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
30/12/2021 11:34:32 AM
Buy Britannia Industries Ltd For Target Rs.4,166 - Yes Securities Margin concerns taken care of, growth outlook improving but headwinds remain; retain BUY on valuation comfort Our view Positive volume growth in H1FY22 despite a strong base indicates a strong recovery in demand momentum and decent market share gains for Britannia. With the company actioning aggressive pricing/grammage initiatives to fully pass‐on sharp RM inflation, we believe margins have bottomed out this quarter and should start improving sequentially. With increasing efforts to enh...
Buy Britannia Industries Ltd For Target Rs.4,166 - Yes Securities
Buy Britannia Industries Ltd For Target Rs.4,166 - Yes Securities
Source: Yes Securities Ltd
12/11/2021 10:05:33 AM
Key News - Tech Mahindra Ltd, Larsen & Toubro Ltd, Motherson Sumi Systems Ltd, Britannia Industries Ltd, Wockhardt Ltd By ARETE Securities Key News Tech Mahindra Ltd jumps around 3% Tech Mahindra Ltd is quoting at Rs 1550, up 2.93% on the day as on 12:54 IST on the NSE. The stock is up 77.6% in last one year as compared to a 44.63% spurt in NIFTY and a 64.1% spurt in the Nifty IT index. Tech Mahindra Ltd is up for a third straight session in a row. The stock is quoting at Rs 1550, up 2.93% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.59% on the day, quoting at 18022.1. The Sensex is at 60372.1...
Key News - Tech Mahindra Ltd, Larsen & Toubro Ltd, Motherson Sumi Systems Ltd, Britannia Industries Ltd, Wockhardt Ltd By ARETE Securities
Key News - Tech Mahindra Ltd, Larsen & Toubro Ltd, Motherson Sumi Systems Ltd, Britannia Industries Ltd, Wockhardt Ltd By ARETE Securities
Source: ARETE Securities Ltd
9/11/2021 9:24:28 AM
Buy Britannia Industries Ltd Target Rs.4090 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaimer
Buy Britannia Industries Ltd Target Rs.4090 - Religare Broking
Buy Britannia Industries Ltd Target Rs.4090 - Religare Broking
Source: Religare Broking Ltd
1/10/2021 11:53:46 AM
Reduce Britannia Industries Ltd For Target Rs.3,200 - ICICI Securities Consensus likely to be pleasantly surprised  1Q revenue grew by 12% on a 2-year CAGR basis – domestic volumes were up 1% on a strong base of +22%. The second-wave-led (demand) tailwind was expected (by consensus) to be much lighter but has surprised pleasantly. Our checks suggest there was a pick-up during the lockdowns with some normalisation as mobility improved. Unaffected supply chains did help growth but we reckon the same would have limited gains from unorganised segment (...
Reduce Britannia Industries Ltd For Target Rs.3,200 - ICICI Securities
Reduce Britannia Industries Ltd For Target Rs.3,200 - ICICI Securities
Source: ICICI Securities
13/09/2021 1:08:08 PM
Buy Britannia Industries Ltd For Target Rs.4,370 - Motilal Oswal Sales momentum healthy; ICD reduction a significant positive * Britannia Industries (BRIT) reported flat sales and volume growth YoY in 1QFY22, despite an extremely high base of ~27% sales growth (and 21% volume growth), well ahead of expectations. Importantly, it achieved this despite no major pantry loading during the second COVID wave lockdowns. * While margins were below expectations – leading to in-line EBITDA and PAT, despite a significant sales beat – the outloo...
Buy Britannia Industries Ltd For Target Rs.4,370 - Motilal Oswal
Buy Britannia Industries Ltd For Target Rs.4,370 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/08/2021 10:13:04 AM
Buy Britannia Industries Ltd Target Rs.4000 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaimer
Buy Britannia Industries Ltd Target Rs.4000 - Religare Broking
Buy Britannia Industries Ltd Target Rs.4000 - Religare Broking
Source: Religare Broking Ltd
26/08/2021 10:53:51 AM
Buy Britannia Industries Ltd : Muted performance; anticipating demand recovery - Religare Broking Buy Britannia Industries Ltd For Target Rs.4,265 Muted performance; anticipating demand recovery Britannia Industries (BRIT) posted a muted set of numbers for Q1FY22. Its revenue was down 0.5% YoY to Rs 3,403.5cr. Its EBITDA and PAT de-grew by 22.8% and 28.7% YoY. The company’s EBITDA and PAT margins too were severely impacted as it declined by 469bps and 449bps due to high expenses. In the near term, high raw material prices and slowing demand will continue to impact the performa...
Buy Britannia Industries Ltd : Muted performance; anticipating demand recovery - Religare Broking
Buy Britannia Industries Ltd : Muted performance; anticipating demand recovery - Religare Broking
Source: Religare Broking Ltd
17/08/2021 10:57:14 AM
Buy Britannia Industries Limited Target Rs. 100 - Religare Broking Derivative Ideas BRITANNIA FUTS added around 12% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in BRITANNIA 3580 CE as per below levels. Strategy:- BUY BRITANNIA 3580 CE BETWEEN 55-57 STOPLOSS 35 TARGET 100.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ0001...
Buy Britannia Industries Limited Target Rs. 100 - Religare Broking
Buy Britannia Industries Limited Target Rs. 100 - Religare Broking
Source: Religare Broking Ltd
4/08/2021 11:37:39 AM
Buy Britannia Industries Ltd For Target Rs. 4,290 - Yes Securities Improving growth outlook, valuations attractive; Upgrade to BUY Result Highlights * Revenue – Marginal revenue decline of 0.5% (+1% volume growth) on a strong base of 27% at Rs 34bn indicating a strong resurgence in demand coupled with share gains.   * Gross margins – Gross margins plunged 300bps to 38.7% due to sharp inflation in palm oil and crude prices which the company did not fully pass on given the environment. * EBITDA margins – Came in‐line wit...
Buy Britannia Industries Ltd For Target Rs. 4,290 - Yes Securities
Buy Britannia Industries Ltd For Target Rs. 4,290 - Yes Securities
Source: Yes Securities
3/08/2021 9:59:56 AM
Key News - Maruti Suzuki, Tata Motors Ltd, Bharti Airtel Ltd, NTPCLtd, Sunteck Realty Ltd, Britannia Industries Ltd by ARETE Securities Key News Maruti Suzuki reports 50% increase in July sales at 1,62,462 units The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 50 per cent increase in sales at 1,62,462 units in July. The company had sold 1,08,064 units in July last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales increased by 39 per cent at 1,41,238 units last month as against 1,01,307 units in July 2020, it added. Sales of mini cars comprising Alto and WagonR stood at ...
Key News - Maruti Suzuki, Tata Motors Ltd, Bharti Airtel Ltd, NTPCLtd, Sunteck Realty Ltd, Britannia Industries Ltd by ARETE Securities
Key News - Maruti Suzuki, Tata Motors Ltd, Bharti Airtel Ltd, NTPCLtd, Sunteck Realty Ltd, Britannia Industries Ltd by ARETE Securities
Source: ARETE Securities Ltd
2/08/2021 9:06:55 AM
Buy Britannia Industries Limited Target Rs. 3825 - Religare Broking Religare Super Idea     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime  
Buy Britannia Industries Limited Target Rs. 3825 - Religare Broking
Buy Britannia Industries Limited Target Rs. 3825 - Religare Broking
Source: Religare Broking Ltd
23/06/2021 10:23:03 AM
Reduce Britannia Industries Ltd : Success of new categories and ramp-up of adjacent categories is the key By ICICI Securities Reduce Britannia Industries Ltd For Target Rs. 3,200 4Q revenue grew by 9% (2-year CAGR of 6%). Management expects some pantry upstocking in the near term. Market share gains for Brit (strong brand positioning, direct distribution expansion, execution edge) are likely to continue in the near term. Further, national re-launch of Milk Bikis with the strategy to gain market share (currently just 4% share in ~Rs73bn Milk+Glucose biscuits category) by upgrading glucose consumers appears a good ...
Reduce Britannia Industries Ltd : Success of new categories and ramp-up of adjacent categories is the key By ICICI Securities
Reduce Britannia Industries Ltd : Success of new categories and ramp-up of adjacent categories is the key By ICICI Securities
Source: ICICI Securities Ltd
13/05/2021 10:23:58 AM