Britannia Industries Ltd (BRITANNIA) AI Stock Analysis

• Market Cap: ₹1.47T
• Dividend Yield: 1.23%
• Average Volume (3M): 9.15K
• Price to Earnings (P/E): 63.4
• Beta (1Y): 0.50
• Revenue Growth: 7.21%
• EPS Growth: 8.68%
• Country: IN
• Employees: 5,337
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 27.20
• Shares Outstanding: 240,868,300
• 10 Day Avg. Volume: 10,298
• 30 Day Avg. Volume: 9,153
• PEG Ratio: 29.90
• Price to Book (P/B): 27.10
• Price to Sales (P/S): 6.60
• P/FCF Ratio: 56.06
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹5,882.20
• Price Target Upside: -3.61% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹6,465.00 ▲(5.94% Upside)

Britannia Industries Ltd demonstrates strong financial performance with robust revenue growth and profitability. However, the technical analysis presents mixed signals, and the high P/E ratio suggests potential overvaluation. The dividend yield provides some income support but is not a significant factor. Overall, the stock shows a solid financial foundation but faces valuation challenges.

Positive Factors

Revenue Growth

Consistent revenue growth underscores Britannia's strong market position and ability to expand its consumer base, supporting long-term sustainability.

Cash Flow Generation

Strong cash flow generation provides Britannia with flexibility for strategic investments and growth, enhancing its financial stability and potential for expansion.

Profitability

Efficient cost management and strong profitability margins indicate Britannia's operational efficiency, contributing to sustained financial health.

Negative Factors

Debt Management

While financial health is strong, further improvement in debt management could reduce financial risk and enhance long-term stability.

Liabilities to Assets Ratio

A cautious liabilities to assets ratio indicates potential limitations in leveraging debt for growth, which could impact expansion opportunities.

Negative Cash Flow from Financing

Negative cash flow from financing activities may indicate challenges in managing debt and capital structure, affecting long-term financial flexibility.

Britannia Industries Ltd Business Overview & Revenue Model

Company Description

Britannia Industries Ltd (BRITANNIA) is one of India's leading food companies, primarily engaged in the production of a wide range of baked goods, dairy products, and snacks. Established in 1892, the company has built a strong brand presence in the fast-moving consumer goods (FMCG) sector. Its core product offerings include biscuits, bread, cakes, and dairy products like cheese and yogurt, catering to diverse consumer preferences across both urban and rural markets. Britannia is known for its iconic brands such as 'Britannia' and 'Tiger', which have become household names in India.

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 sector where it sells directly to consumers through various distribution channels including supermarkets, grocery stores, and online platforms. Key revenue streams include the sale of biscuits, which contribute a substantial portion of the company's earnings, along with bread, cakes, and dairy products. Britannia has established strategic partnerships with various distributors and retailers to enhance its market reach and ensure product availability across different regions. Additionally, the company invests in marketing and brand development to strengthen its market position and drive consumer demand, which are critical to its revenue generation efforts.

Britannia Industries Ltd Financial Statement Overview

Summary

Britannia Industries Ltd exhibits solid financial health with strong revenue growth, efficient cost management, and robust profitability. The balance sheet reflects a stable capital structure with prudent leverage. Cash flow generation is strong, providing ample room for growth and debt servicing. Attention to debt management could further enhance its financial robustness.

Income Statement

Britannia Industries Ltd has shown a strong income statement performance with consistent revenue growth over the years, reaching 179,426.7 million in the most recent period. The gross profit margin is robust, indicating efficient cost management. The net profit margin is healthy, reflecting strong profitability. EBIT and EBITDA margins are solid, showcasing operational efficiency. The company's revenue growth rate is commendable, underscoring its market strength and competitive positioning.

Balance Sheet

The balance sheet of Britannia Industries Ltd presents a stable financial position with a moderate debt-to-equity ratio, indicating prudent leverage management. The equity ratio is favorable, reflecting a strong capital structure. Return on equity is impressive, highlighting effective utilization of shareholder funds. However, the total liabilities to assets ratio suggests a cautious approach towards further debt accumulation.

Cash Flow

The cash flow analysis of Britannia Industries Ltd demonstrates robust free cash flow generation, supporting business sustainability and growth investments. The operating cash flow to net income ratio is strong, indicating efficient cash conversion from profits. There is consistent growth in free cash flow, offering flexibility for strategic initiatives. However, the net cash flow from financing activities is negative, which might warrant a closer look at debt management strategies.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	182.57B	178.85B	167.18B	162.52B	140.94B	131.01B
Gross Profit	72.02B	71.83B	71.38B	65.67B	52.57B	54.10B
EBITDA	31.69B	31.78B	31.59B	28.21B	21.92B	25.06B
Net Income	21.94B	21.79B	21.40B	23.22B	15.25B	18.64B
Balance Sheet
Total Assets	0.00	88.39B	90.74B	93.53B	75.16B	80.09B
Cash, Cash Equivalents and Short-Term Investments	12.44B	13.77B	21.51B	20.00B	9.80B	15.74B
Total Debt	0.00	12.47B	20.65B	29.97B	24.81B	21.22B
Total Liabilities	-43.81B	44.57B	51.08B	57.88B	49.30B	44.25B
Stockholders Equity	43.81B	43.56B	39.42B	35.34B	25.58B	35.48B
Cash Flow
Free Cash Flow	0.00	21.06B	20.11B	18.15B	7.49B	16.09B
Operating Cash Flow	0.00	24.81B	25.73B	25.26B	13.00B	18.51B
Investing Cash Flow	0.00	843.60M	4.84B	-15.17B	9.11B	4.61B
Financing Cash Flow	0.00	-27.62B	-28.39B	-10.28B	-22.46B	-22.44B

Britannia Industries Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6102.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BRITANNIA, the sentiment is Positive. The current price of 6102.75 is above the 20-day moving average (MA) of 5912.49, above the 50-day MA of 5917.61, and above the 200-day MA of 5590.66, indicating a bullish trend. The MACD of 45.35 indicates Negative momentum. The RSI at 61.90 is Neutral, neither overbought nor oversold. The STOCH value of 81.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BRITANNIA.

Britannia Industries Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TATACONSUM	71 Outperform	₹1.17T	85.96	―	0.70%	15.34%	14.67%
BRITANNIA	69 Neutral	₹1.47T	63.45	―	1.23%	7.21%	8.68%
NESTLEIND	68 Neutral	₹2.40T	81.25	―	0.97%	6.25%	-8.80%
PATANJALI	67 Neutral	₹609.30B	42.67	―	0.79%	19.18%	43.36%
ZYDUSWELL	66 Neutral	₹135.78B	53.58	―	0.28%	14.55%	-20.61%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HATSUN	61 Neutral	₹218.81B	66.57	―	0.61%	10.61%	7.97%

Britannia Industries Ltd Corporate Events

Britannia Industries Announces Special Window for Physical Share Transfers

Britannia Industries Ltd announced a special window for the re-lodgement of transfer requests for physical shares, as per SEBI regulations. This initiative, published in major newspapers, aims to streamline the transfer process and ensure compliance with regulatory requirements, potentially impacting shareholder operations and enhancing transparency.

Britannia Industries Discusses Q2 FY 25-26 Financial Performance

Britannia Industries Ltd held an Investors/Analysts Conference Call on November 7, 2025, to discuss its financial results and operations for the quarter and half-year ending September 30, 2025. The transcript, presentation, and audio recordings of the call are available on the company’s website, providing stakeholders with insights into the company’s performance and strategic direction.

Britannia Industries to Host Investor Conference Call on Financial Results

Britannia Industries Ltd has announced an upcoming Investors/Analysts Conference Call scheduled for November 7, 2025. During this call, the management will discuss the company’s financial results and operations for the quarter and half-year ending September 30, 2025. This event is part of their ongoing efforts to maintain transparency with stakeholders, and the presentation and audio recordings will be made available on their website.

Britannia Industries Announces Resignation of Dr. Urjit Patel

Britannia Industries Ltd announced the resignation of Dr. Urjit Patel as a Non-Executive Independent Director, effective October 30, 2025. Dr. Patel’s departure is due to his full-time commitment as Executive Director representing India at the International Monetary Fund, which limits his availability. The company acknowledged his valuable contributions and noted that he will also step down from the Strategy and Innovation Steering Committee. This change may impact the company’s strategic direction, but Dr. Patel confirmed there are no other material reasons for his resignation.

Britannia Industries Maintains Strong Credit Ratings

Britannia Industries Ltd announced that Crisil Ratings Limited has reaffirmed its credit ratings, with long-term bank loan facilities rated as Crisil AAA/Stable and commercial paper rated as Crisil A1+. The reaffirmation of these ratings reflects the company’s strong financial position and stability, although it currently has no outstanding commercial papers or non-convertible debentures as these have been fully redeemed.