Britannia Industries (1QFY25 Results Review): Focus on Volume over Margins. Maintain ADD
Britannia 1QFY25 results were below estimates despite better-than-expected volume growth (8-9%) owing to lower-than-expected gross margin gains and...
295 Views
Britannia Industries Ltd - Operating Profits Miss Estimates, Rural Revival Seen
We expect Britannia to deliver market-leading growth from here on for several reasons: 1) Rural recovery continues to remain a focus area for...
251 Views
FMCG, QSR & Alco Bev (Q1FY25 Results Preview): On an improving trajectory
We expect our consumer coverage to report revenue growth in mid-single-digits (6% yoy), driven by volume growth. At an aggregate level, we expect...
323 Views
Britannia (4QFY24): Metamorphosis into a ‘total Food’ Company. Upgrade to ADD
We believe Britannia’s biscuits portfolio can deliver mid to high single-digit volume growth (6% volume CAGR over FY14-24) in the medium term
179 Views
Britannia Industries Ltd. - Strong Operating Performance Continues; Maintain BUY
This growth was primarily driven by a volume increase of ~5%, supported by strategic price reductions aimed at mitigating competitive pressures and...
191 Views