Britannia Industries Ltd (IN:BRITANNIA)
:BRITANNIA
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Britannia Industries Ltd
(BRITANNIA)
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Rating:67Neutral
Price Target:
₹5,967.00
▼(-3.51% Downside)
Action:ReiteratedDate:08/20/25
Britannia's overall stock score of 67 is driven primarily by strong financial performance (score: 79), reflecting robust profitability and steady cash flows, though tempered by cost pressures and liquidity concerns. Technical analysis (score: 55) indicates short-term bearish momentum, and valuation (score: 50) suggests potential overpricing with a high P/E ratio. Financial health remains the key strength, while technical weakness is a notable risk.
Positive Factors
Revenue & Margin Strength
Consistent revenue growth paired with robust gross and net margins indicates durable demand for branded products and effective cost management. This supports predictable operating cash flows, funds reinvestment in brands and distribution, and underpins long-term profitability resilience versus peers.
Negative Factors
Moderate Revenue Growth Rate
A mid-single-digit revenue growth rate suggests expansion is steady but not rapid; in a mature domestic biscuits market this limits structural upside. Long-term EPS and scale gains will rely on market-share shifts, product adjacencies or geographic expansion rather than fast organic growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Strength
Consistent revenue growth paired with robust gross and net margins indicates durable demand for branded products and effective cost management. This supports predictable operating cash flows, funds reinvestment in brands and distribution, and underpins long-term profitability resilience versus peers.
Read all positive factors
Britannia Industries Ltd (BRITANNIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.34T
Dividend Yield1.24%
Average Volume (3M)9.15K
Price to Earnings (P/E)53.4
Beta (1Y)0.51
Revenue Growth7.21%
EPS Growth8.68%
CountryIN
Employees5,337
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)28.23
Shares Outstanding240,868,300
10 Day Avg. Volume10,298
30 Day Avg. Volume9,153
Financial Highlights & Ratios
PEG Ratio29.90
Price to Book (P/B)27.10
Price to Sales (P/S)6.60
P/FCF Ratio56.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹6,797.33Price Target Upside9.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)120.87
Revenue Forecast (FY)₹214.24B
Britannia Industries Ltd Business Overview & Revenue Model
Company Description
Britannia Industries Limited manufactures and sells various food products primarily in India. It offers bakery products, such as biscuits, breads, cakes, and rusks; dairy products, including milk-based beverages, cheese, dahi, and dairy whiteners;...
How the Company Makes Money
Britannia Industries generates revenue primarily through the sale of its extensive range of food products. The company operates on a business model that includes a mix of retail and institutional sales, with a significant focus on the retail secto...
Britannia Industries Ltd Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
75
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 184.30B | 178.85B | 167.18B | 162.52B | 140.94B | 131.01B |
| Gross Profit | 70.15B | 71.83B | 71.38B | 65.67B | 52.57B | 54.10B |
| EBITDA | 33.93B | 31.78B | 31.59B | 28.21B | 21.92B | 25.06B |
| Net Income | 23.17B | 21.79B | 21.40B | 23.22B | 15.25B | 18.64B |
Balance Sheet | ||||||
| Total Assets | 94.50B | 88.39B | 90.74B | 93.53B | 75.16B | 80.09B |
| Cash, Cash Equivalents and Short-Term Investments | 9.21B | 13.77B | 21.51B | 20.00B | 9.80B | 15.74B |
| Total Debt | 21.96B | 12.47B | 20.65B | 29.97B | 24.81B | 21.22B |
| Total Liabilities | 56.91B | 44.57B | 51.08B | 57.88B | 49.30B | 44.25B |
| Stockholders Equity | 37.34B | 43.56B | 39.42B | 35.34B | 25.58B | 35.48B |
Cash Flow | ||||||
| Free Cash Flow | 2.38B | 21.06B | 20.11B | 18.15B | 7.49B | 16.09B |
| Operating Cash Flow | 3.99B | 24.81B | 25.73B | 25.26B | 13.00B | 18.51B |
| Investing Cash Flow | 4.51B | 843.60M | 4.84B | -15.17B | 9.11B | 4.61B |
| Financing Cash Flow | -9.06B | -27.62B | -28.39B | -10.28B | -22.46B | -22.44B |
Britannia Industries Ltd Technical Analysis
Negative
6184.15
Price Trends
5843.10
Negative
5889.64
Negative
5846.74
Negative
Market Momentum
-114.28
Positive
38.64
Neutral
44.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BRITANNIA, the sentiment is Negative. The current price of 6184.15 is above the 20-day moving average (MA) of 5650.43, above the 50-day MA of 5843.10, and above the 200-day MA of 5846.74, indicating a bearish trend. The MACD of -114.28 indicates Positive momentum. The RSI at 38.64 is Neutral, neither overbought nor oversold. The STOCH value of 44.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BRITANNIA.
Britannia Industries Ltd Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹1.08T | 76.67 | ― | 0.70% | 15.34% | 14.67% | |
68 Neutral | ₹2.41T | 62.28 | ― | 0.97% | 6.25% | -8.80% | |
67 Neutral | ₹1.34T | 53.41 | ― | 1.24% | 7.21% | 8.68% | |
67 Neutral | ₹508.93B | 24.98 | ― | 0.80% | 19.18% | 43.36% | |
66 Neutral | ₹155.53B | -90.62 | ― | 0.28% | 14.55% | -20.61% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹205.47B | 89.83 | ― | 0.61% | 10.61% | 7.97% |
* Consumer Defensive Sector Average
IN:BRITANNIA
Britannia Industries Ltd
5,558.95
278.64
5.28%
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Britannia Industries Ltd Corporate Events
Britannia Shareholders Approve Appointment of New CEO and MD Despite Institutional Dissent
Mar 15, 2026
Britannia Industries Ltd has announced that shareholders have approved, via a postal ballot conducted through remote e-voting, the appointment of Mr. Rakshit Hargave as Chief Executive Officer and Managing Director. The ordinary resolution passed ...
Britannia Shareholders Approve Five-Year CEO, MD Term for Rakshit Hargave
Mar 15, 2026
Britannia Industries has secured shareholder approval via a postal ballot and remote e-voting to appoint Rakshit Hargave as its Chief Executive Officer and Managing Director for a five-year term from December 15, 2025 to December 14, 2030, with th...
Britannia Quells Rumours Over Industrial Gas Disruption Risk
Mar 13, 2026
Britannia Industries has moved to quell market rumours that its operations are being disrupted by industrial gas supply issues stemming from the conflict in the Middle East. The company said it has not seen any significant impact on production at ...
Britannia Schedules Compliant One-to-One Meet With Institutional Investor
Mar 4, 2026
Britannia Industries Ltd has informed the stock exchanges that it will hold a virtual one-to-one meeting with an institutional investor on Friday, 13 March 2026 at 11:00 a.m. IST, in line with disclosure requirements under SEBI’s Listing Reg...
Britannia Schedules Virtual One-to-One Meet With Institutional Investor
Mar 3, 2026
Britannia Industries has informed the stock exchanges that it will hold a virtual one-to-one meeting with an institutional investor on 12 March 2026 at 3:30 p.m. IST. The scheduled interaction underscores ongoing engagement with the investment com...
Britannia Faces Rs 6.37 Crore GST Demand, Says Impact Not Material
Mar 2, 2026
Britannia Industries has disclosed that it received an order from the Joint Commissioner of CGST Central Excise, Thane, determining tax and penalty liabilities under Section 74 of the Central GST Act for financial years 2020-21 to 2023-24. The or...
Britannia to Host Analyst Call on Q3 and Nine-Month FY2025 Results on 11 February 2026
Feb 4, 2026
Britannia Industries Ltd has scheduled an investors and analysts conference call on 11 February 2026 at 11:00 a.m. IST to discuss its financial results and operations for the quarter and nine months ended 31 December 2025. Management will present ...
Britannia’s International Business Chief Annu Gupta Resigns
Jan 30, 2026
Britannia Industries Ltd has announced that Annu Gupta, Chief Business Officer – International Business, has resigned to pursue an external opportunity and will be relieved from his duties at the close of business on 31 January 2026, followi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.