Britannia Industries Ltd - Volumes Maintained in Tough Times; High RM Inflation Hits Margins
Britannia posted 8% y-o-y revenue growth in Q3FY25, led by ~6% volume growth (higher than 3-5% estimated). Gross margin/OPM fell by 515/90 bps y-o...
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Britannia Industries - Strong Growth Levers Across Categories
We estimate 1.2% EPS growth in FY25 but 15% PAT CAGR over FY25-27. We value the stock at 50x Mar’27EPS and assign a target price of Rs5881 (Rs5815...
269 Views
Britannia Industries Ltd - Pricing Led Top Line Growth; Maintain HOLD
Despite a subdued demand environment, the company’s consolidated revenue grew by 6.5% YoY (versus our estimate of 5%), driven by a 6% YoY volume...
230 Views
Britannia Industries - Growth Drivers Remain Intact
We upgrade BRIT from Accumulate to BUY even as we cut FY25/FY26/FY27 EPS estimates by 10/9.8/8.6% because of twin effect of lowdown in Metro demand...
313 Views
Britannia Industries (2QFY25): Continues to Emphasise on Volume over Margins.
Britannia 2QFY25 results were significantly below our estimates as company disappointed on volume growth frontVolume growth came in at 8% vs our...
325 Views