External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We increase our FY25/FY26/FY27 EPS estimates by 5.7/2.6/1.1% despite urban slowdown and 11% input cost inflation on account of 1) Sustained leadership in Biscuits and Bakery with volume growth of 8/8/6% in 1Q/2Q/3Q25 in tough market environment</li><li>2) little threat from new B2C players in its business given long history of presence of local, and regional players</li><li>3) rising scalability in adjacencies like Milkshakes and Croissants (~Rs.2bn sales each)</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We increase our FY25/FY26/FY27 EPS estimates by 5.7/2.6/1.1% despite urban slowdown and 11% input cost inflation on account of 1) Sustained leadership in Biscuits and Bakery with volume growth of 8/8/6% in 1Q/2Q/3Q25 in tough market environment2) little threat from new B2C players in its business given long history of presence of local, and regional players3) rising scalability in adjacencies like Milkshakes and Croissants (~Rs.2bn sales each)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Britannia Industries - Strong Growth Levers Across Categories