Britannia Industries Ltd - Long-Term Story Remains Intact
We expect Britannia to deliver market-leading growth from here on as 1) Raw material prices, while still firm, have or will stabilize at the...
367 Views
Britannia Industries - Robust Performance in Challenging Times
BRIT Q3FY23 Results were robust, beating our/ street estimates on margins as lower raw material cost and better cost efficiency led to better-than...
487 Views
Britannia Industries - Beat on All Fronts; Material Cost Pressures Persist
BRIT performed significantly better than expected in 2QFY23. Despite an effective price increase of over 18% YoY, volumes were up by ~4%.
502 Views
Britannia Industries - Strong Set Of Numbers; Beat On Estimates – Upgrade to BUY
he company reported consolidated revenue of Rs 4,338 Cr, up 22% YoY (3-year CAGR of 13%), primarily led by a cumulative price growth of ~18% and...
256 Views
Britannia Industries - Weak Set of Numbers, RM Inflation Played Spoil Sport
Gross Margins at 36.1% (down 170bps YoY) owing to continued raw material inflation – wheat (up 20%) and Palm Oil (up 5% QoQ).
288 Views