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Buy Britannia Industries Ltd For Target Rs.5,500 By Motilal Oswal Financial Services Ltd Healthy volume growth; miss on margin * Britannia Industries (BRIT) posted revenue growth of 5% YoY in 2QFY25 (est. 7%) and volume growth of 8%. Other operating income surged 62%, mainly due to the incentive received from the Ranjangaon plant, which qualified as an ultra-mega plant this year. * GM contracted 135bp/190bp YoY/QoQ to 41.5%. Employee costs were up 45% on phantom stocks being revalued based on the share price (impact of INR500m). EBITDA margin saw a sharp decline of 290bp Y...
Buy Britannia Industries Ltd For Target Rs.5,500 By Motilal Oswal Financial Services Ltd
Buy Britannia Industries Ltd For Target Rs.5,500 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-02 03:48:53 pm
Reduce Britannia Industries Ltd For Target Rs.5,200 By Emkay Global Financial Services We downgrade Britannia to REDUCE from Add, cutting Sep-25E TP to Rs5,200 from Rs6,750 earlier. Britannia's near-term outlook has turned weak, given the double whammy of demand slowdown and inflationary pressures. The inflationary setting ahead is likely to have a bearing on volume and margin delivery. The company is looking at 4-5% price hikes to address the inflationary stress, but as the strategic cover ends, we sense inflationary stress persisting in the business. We cut earnings by 9-...
Reduce Britannia Industries Ltd For Target Rs.5,200 By Emkay Global Financial Services
Reduce Britannia Industries Ltd For Target Rs.5,200 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-11-19 12:34:50 pm
Add Britannia Industries Ltd For Target Rs. 5,770 by Yes Securities Ltd Britannia Industries Ltd. (BRIT) 2QFY25 volume growth of 8% YoY was slightly lower than our estimate. Margins saw a sharp miss led by higher COGS. In a tough demand scenario, YoY volume growth continues to be robust for BRIT led by gradual recovery in rural as urban remains under pressure. Negative realizations will reverse in the coming quarter led by anniversarization of earlier cuts along with fresh price actions initiated by BRIT. Few more months of strategic forward covers and price hike...
Add Britannia Industries Ltd For Target Rs. 5,770 by Yes Securities Ltd
Add Britannia Industries Ltd For Target Rs. 5,770 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-19 10:38:16 am
Buy Britannia Industries Ltd For Target Rs.5,610 By JM Financial Services Britannia’s Sep-Q earnings print was below expectation, especially on the operating profitability – Revenue growth was 2% below estimate, however, lower GM (due to -ve price/mix & RM inflation) and higher staff cost (INR 500mn impact due to revaluation of phantom stocks) led to 9-12% miss on EBITDA/PAT. Volume growth at 8% (lower than double digit growth seen at end of 1QFY25) – impacted by tough demand environment (especially in urban metro markets) coupled with high in...
Buy Britannia Industries Ltd For Target Rs.5,610 By JM Financial Services
Buy Britannia Industries Ltd For Target Rs.5,610 By JM Financial Services
Source: JM Financial Services Ltd
2024-11-15 05:35:17 pm
Britannia Industries trades higher on the BSE Britannia Industries is currently trading at Rs. 5038.60, up by 10.35 points or 0.21% from its previous closing of Rs. 5028.25 on the BSE. The scrip opened at Rs. 5027.25 and has touched a high and low of Rs. 5090.05 and Rs. 4942.80 respectively. So far 18103 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 6473.10 on 03-Oct-2024 and a 52 week low of Rs. 4628.30 on 28-Nov-2023. Last one week high and low of the s...
Britannia Industries trades higher on the BSE
Britannia Industries trades higher on the BSE
Source: Accord Fintech
2024-11-13 12:11:27 pm
Britannia Industries declines on reporting 9% fall in Q2 consolidated net profit Britannia Industries is currently trading at Rs. 5089.25, down by 336.05 points or 6.19% from its previous closing of Rs. 5425.30 on the BSE. The scrip opened at Rs. 5526.60 and has touched a high and low of Rs. 5526.60 and Rs. 5074.35 respectively. So far 44454 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 6473.10 on 03-Oct-2024 and a 52 week low of Rs. 4628.30 on 28-Nov-2023. Last one week high and low of th...
Britannia Industries declines on reporting 9% fall in Q2 consolidated net profit
Britannia Industries declines on reporting 9% fall in Q2 consolidated net profit
Source: Accord Fintech
2024-11-12 03:15:56 pm
Neutral Britannia Industries Ltd For Target Rs. 5,850 By Motilal Oswal Financial Services Ltd Improving volume trajectory; miss on EBITDA * Britannia Industries (BRIT) posted revenue growth of 4% YoY in 1QFY25 (est. 5%) and volume growth of 8%. Price actions continued to affect value growth for the company. Other operating income surged 195%, mainly due to the incentive received from the Ranjangaon plant, which qualified as an ultra-mega plant this year. * Non-biscuit portfolio (rusk, cake, bread, etc.) remained the key growth driver and contributed 25% to total revenue. Rusk de...
Neutral Britannia Industries Ltd For Target Rs. 5,850 By Motilal Oswal Financial Services Ltd
Neutral Britannia Industries Ltd For Target Rs. 5,850 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-08-22 11:51:50 am
Neutral Britannia Industries Ltd For Target Rs.850 By Motilal Oswal Financial Services Ltd Improving volume trajectory; miss on EBITDA * Britannia Industries (BRIT) posted revenue growth of 4% YoY in 1QFY25 (est. 5%) and volume growth of 8%. Price actions continued to affect value growth for the company. Other operating income surged 195%, mainly due to the incentive received from the Ranjangaon plant, which qualified as an ultra-mega plant this year. * Non-biscuit portfolio (rusk, cake, bread, etc.) remained the key growth driver and contributed 25% to total revenue. Rusk de...
Neutral Britannia Industries Ltd For Target Rs.850 By Motilal Oswal Financial Services Ltd
Neutral Britannia Industries Ltd For Target Rs.850 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-08-21 11:16:19 am
Add Britannia Industries Ltd For Target Rs. 6,300 By Yes Securities Prioritizing volume growth over margins Britannia Industries Ltd. (BRIT) 1QFY25 volumes were exactly in-line with our estimate but margin came in lower than anticipated. Volume growth came in at ~8% YoY with rural markets doing better. Towards the end of 1QFY25, BRIT witnessed double-digit volume growth which augurs well for 2QFY25 but negative realizations will stay for atleast one more quarter. High operating income led to minor beat on topline, but sharper QoQ gross margin contraction (...
Add Britannia Industries Ltd For Target Rs. 6,300 By Yes Securities
Add Britannia Industries Ltd For Target Rs. 6,300 By Yes Securities
Source: Yes Securities Ltd
2024-08-15 05:12:20 pm
Buy Britannia Industries Ltd For Target Rs.6,400 By Centrum Broking Ltd BRIT’s Q1FY25 print was in line with our estimates; Consolidated revenue/EBITDA/PAT grew 6.0%/9.4%/16.3%, supported by ~6% volume growth YoY. Despite elevated food inflation, heat wave impacting OOH consumption, and a high base BRIT saw rural market performing better. BRIT has widened gap in market share to Parles further. Management alluded growth to, (1) rural (35% sales) outperformed the urban by 1.25x, (2) with 30K rural distributors, direct reach now stands at 2.82mn, largely drive...
Buy Britannia Industries Ltd For Target Rs.6,400 By Centrum Broking Ltd
Buy Britannia Industries Ltd For Target Rs.6,400 By Centrum Broking Ltd
Source: Centrum Broking Ltd
2024-08-06 05:43:12 pm
Britannia Industries surges as its consolidated net profit rises 11% in Q1FY25 Britannia Industries is currently trading at Rs. 5795.00, up by 71.85 points or 1.26% from its previous closing of Rs. 5723.15 on the BSE. The scrip opened at Rs. 5722.95 and has touched a high and low of Rs. 5833.65 and Rs. 5670.00 respectively. So far 23880 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 6007.95 on 23-Jul-2024 and a 52 week low of Rs. 4349.95 on 01-Nov-2023. Last one week high and low of the s...
Britannia Industries surges as its consolidated net profit rises 11% in Q1FY25
Britannia Industries surges as its consolidated net profit rises 11% in Q1FY25
Source: Accord Fintech
2024-08-05 12:01:24 pm
ADD Britannia Industries Ltd. For Target Rs. 5,550 - Emkay Global Financial Services Topline gains priority for FY25; recovery in demand crucial Britannia is well poised for volume recovery in the domestic market (Q4 volume grew 6%). After elections, the management hopes to grow volume in double digits, despite the ~4% raw material inflation. Given its thrust on driving topline in FY25, Company is looking to maintain EBITDA margin YoY at ~19%. Its focus on topline is likely to enhance with route-to-market (RTM) 2.0, which is centered on giving wings to adjacencies (1/4th o...
ADD Britannia Industries Ltd. For Target Rs. 5,550 - Emkay Global Financial Services
ADD Britannia Industries Ltd. For Target Rs. 5,550 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-06-27 05:20:51 pm
ADD Britannia Industries Ltd. For Target Rs. 5,570 - Yes Securities Earning growth to rebound in FY25 led by volumes Britannia Industries Ltd. (BRIT) 4QFY24 headline performance was below our estimates even while volume growth was in-line at ~6% YoY. Slightly lower realizations and other operating income versus our estimates meant that topline was below our expectations. Gross margin surprised us positively, improving ~100bps QoQ (80bps ahead of our expectation), largely led by soft commodity basket. High overheads especially A&SP meant that operating...
ADD Britannia Industries Ltd. For Target Rs. 5,570 - Yes Securities
ADD Britannia Industries Ltd. For Target Rs. 5,570 - Yes Securities
Source: Yes Securities Ltd.
2024-06-26 12:10:08 pm
Neutral Britannia Industries Ltd.For Target Rs.5,250 By Motilal Oswal Financial Services In-line revenue; encouraging commentary for FY25E * Britannia Industries (BRIT)’s revenue grew 3% YoY in 4QFY24 (in line), impacted by price cuts and grammage increase. Volume (grammage) grew 6% YoY; we expect the pack volume growth to be ~3.5% (in line). * The non-biscuit portfolio (rusk, cake, bread, etc.) remained the key growth driver, and contributed 25% to the total revenue. Rusk delivered doubledigit volume growth, with cheese reporting double-digit growth in revenue. Mana...
Neutral Britannia Industries Ltd.For Target Rs.5,250 By Motilal Oswal Financial Services
Neutral Britannia Industries Ltd.For Target Rs.5,250 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-14 05:45:29 pm
Buy Britannia Industries Ltd For Target Rs. 5,475 - JM Financial Institutional Securities Britannia’s Mar-Q performance was broadly inline with our estimate, though still soft. Volumes grew c.6% (inline) with pricing down 2-3% yoy during the quarter. While FY24 overall has been soft, the depiction of FY25 template by the management (in Varun’s own words ‘getting back to normal way of doing business’) was quite encouraging especially when compared to subdued or cautious optimism sounded by staple peers who have reported so far. Britannia will aggressively fo...
Buy Britannia Industries Ltd For Target Rs. 5,475 - JM Financial Institutional Securities
Buy Britannia Industries Ltd For Target Rs. 5,475 - JM Financial Institutional Securities
Source: JM Financial Services
2024-05-17 12:45:05 pm
Accumulate Britannia Industries Ltd. for Target Rs.5633 By Religare Broking Ltd. Revenue growth remains mixed: Britannia reported mixed revenue growth for Q4FY24 with an increase of 1.1% YoY but a decline of 4.4% QoQ to Rs 4,069cr. The company is facing stiff competition however their initiatives such as increasing spends on brands, expanding distribution reach and price competitiveness is driving market share as well as the overall growth for the company. For FY24, price hikes led to revenue growth of 2.9% YoY to Rs 16,769cr. Flat Margins: Its gross profit grew by 1.1...
Accumulate Britannia Industries Ltd. for Target Rs.5633 By Religare Broking Ltd.
Accumulate Britannia Industries Ltd. for Target Rs.5633 By Religare Broking Ltd.
Source: Religare Broking Ltd
2024-05-10 03:00:14 pm
Reduce Britannia Industries Ltd For Target Rs.5210 By Elara Capital Double-digit growth is an uphill battle Regains market share on the back of strategic pricing actions    Britannia (BRIT IN) recorded sales growth of 1.1% YoY (vs our estimates of 2.1%), led by value growth of 3% and volume growth of 6% in Q4FY24. To tackle increased competition, BRIT has implemented strategic pricing adjustments and targeted consumer promotions in key products and markets, thereby regaining...
Reduce Britannia Industries Ltd For Target Rs.5210 By Elara Capital
Reduce Britannia Industries Ltd For Target Rs.5210 By Elara Capital
Source: Elara Capital
2024-05-10 12:28:15 pm
Buy Britannia Industries Ltd. For Target Rs5,380 By JM Financial Services On expected lines Britannia’s Dec-Q earnings were broadly inline with our estimates with a tad better-thanexpected topline, though still soft. Volumes grew c.5% with pricing down 2-2.5% yoy during the quarter after the steep pricing growth seen from end-FY22 to early-FY24. Management commented that demand scenario is progressively recovering, but rural demand was generally subdued and challenges relating to heightened competition remained. Gross margin continued to expand well and su...
Buy Britannia Industries Ltd. For Target Rs5,380 By JM Financial Services
Buy Britannia Industries Ltd. For Target Rs5,380 By JM Financial Services
Source: JM Financial Services
2024-05-07 02:15:23 pm
Buy Britannia Industries Ltd. For Target Rs.5,854 By Centrum Broking Britannia’s Q3FY24 print was below our estimates; Consolidated revenue/EBITDA/PAT grew 1.4%/0.4%/0.3% YoY. Given high base, the transaction (packet) growth was flat, though biscuits volumes grew 5.5%. Despite weak rural demand management alluded growth to, (1) direct reach of 2.76mn outlets with 26k preferred rural distributors, (2) judicious pricing actions, (3) faster growth in focus states at 2.4x, (4) NPD contribution ~4% and (5) double digit growth in international market...
Buy Britannia Industries Ltd. For Target Rs.5,854 By Centrum Broking
Buy Britannia Industries Ltd. For Target Rs.5,854 By Centrum Broking
Source: Centrum Broking Ltd
2024-03-26 01:53:49 pm
Sensex tanks more than 600 points after RBI credit policy BSE Sensex tanked more than 600 points after RBI announcement of credit policy with banks leading the fall. Sensex was trading at 71,523.08 points down by a massive 628.92 points or 0.87 per cent. Axis Bank, ICICI Bank, Nestle are down more than 2 per cent. The private banks index is down more than 1.5 per cent. Au Bank is down 2 per cent, Kotak Mahindra Bank is down 2 per cent. FMCG stocks are down with the index falling 1.2 per cent. Tata Consumer is down 2 per cent, Britannia is d...
Sensex tanks more than 600 points after RBI credit policy
Sensex tanks more than 600 points after RBI credit policy
Source: IANS
2024-02-08 12:01:53 pm
Nestle India posts higher Q4 profit on strong urban demand Nestle India reported a nearly 16% rise in fourth-quarter profit before a one-time charge on steady urban demand for its products including its Nescafé range of coffees and KitKat chocolates. Profit before exceptional items and tax grew to 9.94 billion rupees ($119.81 million) for the three months ended Dec. 31 from 8.59 billion rupees a year earlier. The company recorded a one-time charge of 1.07 billion rupees during the period, it said. Shares of Nestle India, which is know...
Nestle India posts higher Q4 profit on strong urban demand
Nestle India posts higher Q4 profit on strong urban demand
Source: Reuters
2024-02-07 01:53:59 pm
Britannia posts 40% fall in net profit for Octomber-December quarter Food products major Britannia Ltd on Tuesday reported a 40 per cent decline in its consolidated net profit at Rs 556 crore for the October-December quarter of the current financial year, against a net profit of Rs 937 crore in the same period of the previous year. Revenue from operations during the third quarter of the current fiscal rose by a marginal 1 per cent to Rs 4,256 crore. Britannia reported an EBITDA (earnings before interest, tax, depreciation amortisation) of Rs 821 crore fo...
Britannia posts 40% fall in net profit for Octomber-December quarter
Britannia posts 40% fall in net profit for Octomber-December quarter
Source: IANS
2024-02-07 09:25:11 am
Stock of the day : Britannia Industries Ltd For Target Rs. 90 - Religare Broking Britannia Industries Ltd * We are seeing decent traction in FMCG pack and Britannia is trading in sync. * Witnessed strong upward momentum after registering a breakout from brief consolidation. * It has formed a fresh buying pivot holding above its short term moving averages suggests bullish tone to continue. * We thus recommend creating long through the Call option. BUY 5100 CE Britannia Industries Ltd CMP 42.40; Range 42-44; SL 18; Target 90   Pl...
Stock of the day : Britannia Industries Ltd For Target Rs. 90 - Religare Broking
Stock of the day : Britannia Industries Ltd For Target Rs. 90 - Religare Broking
Source: Religare Broking Ltd
2023-12-22 10:41:01 am
Neutral Britannia Industries Ltd For Target Rs.4,920 - Yes Securities Mixed bag; Heavy earnings base ahead Britannia Industries Ltd. (BRIT) 2QFY24 performance was a mixed bag as volume were flat while margins surprised us positively. Continued sluggishness in rural markets, high base effect, regional competitive intensity, pricing tailing off and promotions through grammage looks to have been the key reasons behind the subdued revenue growth this quarter. On the other hand, soft commodity cost meant that gross margin has improved further from 1Q levels to 42...
Neutral Britannia Industries Ltd For Target Rs.4,920 - Yes Securities
Neutral Britannia Industries Ltd For Target Rs.4,920 - Yes Securities
Source: Yes Securities Ltd
2023-11-26 09:53:06 am
Neutral Britannia Industries Ltd For Target Rs.4,680 - Motilal Oswal Volumes flat; prices cut to remain competitive * Britannia Industries (BRIT) reported muted revenue growth in 2QFY24 due to a high base, a slowdown in rural markets and competition from local players. GP margin and EBITDA margin expanded (YoY/QoQ) as RM prices declined, which led to profit growth of 19.8%. * BRIT gained market share in 2QFY24 through price cuts in certain SKUs. The price cuts also helped it maintain competitiveness. * Volume growth was flat (+20bp) and growth in Focu...
Neutral Britannia Industries Ltd For Target Rs.4,680 - Motilal Oswal
Neutral Britannia Industries Ltd For Target Rs.4,680 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2023-11-24 11:20:23 am
Buy Britannia Industries Ltd For Target Rs.5,250 - Emkay Global Financial We have upheld our positive stance on Britannia, thanks to the management thrust on expanding TAM (now at ~Rs1trn; 11% of the Indian packaged food & beverage market) in adjacencies and preserving profitability. The focus ahead is likely to be on driving consumption in penetrated segments (biscuits, bread, rusk), while propelling penetration for cakes, wafers and dairy products. As a consequence of the muted demand setting, along with high revenue base and surge in regional competition, Br...
Buy Britannia Industries Ltd For Target Rs.5,250 - Emkay Global Financial
Buy Britannia Industries Ltd For Target Rs.5,250 - Emkay Global Financial
Source: Emkay Global Financial Services
2023-11-13 12:37:04 pm
India`s Bikaji Foods posts 47% profit rise as raw material costs ease  India's Bikaji Foods International reported a 47% increase in quarterly profit on Monday, benefitting from higher distribution of its crispy ethnic snacks and easing ingredient prices. Prices of several raw materials in the packaged foods segment, including edible oils and corrugated boxes, have dropped in recent months, helping everyone in the sector from biscuit maker Britannia Industries to Bikaji report solid earnings. Bikaji — which has a strong foothold in Rajastha...
India`s Bikaji Foods posts 47% profit rise as raw material costs ease
India`s Bikaji Foods posts 47% profit rise as raw material costs ease
Source: Reuters
2023-11-06 04:22:39 pm
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking Sluggish revenue growth: Britannia reported Q2FY24 revenue at Rs 4,433cr which increased by 10.5% QoQ and as compared to last year growth was just up by 1.2% YoY. The growth was largely impacted because of muted demand for the overall FMCG sector as the rural economy is still not contributing to the growth, besides, the company posted flattish volume growth (~20bps increase) as well as the growth was higher in the base year (last year). Healthy improvement in margins: Britannia’s gro...
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking
Source: Religare Broking Ltd
2023-11-04 02:34:44 pm
Indian biscuit maker Britannia misses Q2 revenue view on price cuts  India's Britannia Industries reported second-quarter revenue that fell short of analysts' expectations on Wednesday, as the biscuit maker cut prices of some of its key products to stave off competition. Britannia, which also sells cakes and breads, said its revenue from operations was up 1.2% at 44.33 billion rupees ($532.6 million), but fell short of analysts' estimates of 45.43 billion rupees, as per LSEG data. "As the commodity started to soften this quarter, w...
Indian biscuit maker Britannia misses Q2 revenue view on price cuts
Indian biscuit maker Britannia misses Q2 revenue view on price cuts
Source: Reuters
2023-11-02 09:44:10 am
Tech Stars : Buy Muthoot Finance Limited And Britannia Industries Limited By Religare Broking Muthoot Finance Limited Buy Muthoot Finance Limited @ 1315-1320 CMP 1315.50 Stop Loss 1268 Target 1440   TECHNICAL RATIONALE – Muthootfin has been inching gradually higher, after forming a fresh pivot above the support zone of multiple moving averages while majority are struggling in the prevailing corrective phase. It has retested the previous swing high and may take a breather before resuming the up move. We thus recommend to accumu...
Tech Stars : Buy Muthoot Finance Limited And Britannia Industries Limited By Religare Broking
Tech Stars : Buy Muthoot Finance Limited And Britannia Industries Limited By Religare Broking
Source: Religare Broking Ltd
2023-11-01 03:35:33 pm