Britannia Industries Ltd (BRITANNIA)

Britannia Stock Shows Positive Momentum Amid Rural Demand Recovery - 15 May, 2024

Britannia Industries Ltd's stock is showing positive momentum with experts suggesting short-term traders buy for a target of Rs 5,500. Large FMCG brands including Britannia have indicated that demand recovery in rural areas is likely in coming quarters.

Analyst Recommends Buying Britannia Industries Ltd - 14 May, 2024

Technical analyst Ruchit Jain recommends buying Britannia Industries Ltd as the stock is expected to rally higher in the near term. Traders are advised to buy the stock in the range of ₹5,130–5,100 for a potential target of ₹5,500 with a stop loss at ₹4,950.

Britannia Industries Expects Growth Post-Election Results - 12 May, 2024

Britannia Industries' Vice Chairman and Managing Director, Varun Berry, has stated that the company expects a double-digit volume growth after the election results are out and the June-September monsoon is underway.

Britannia Industries Faces Pressure in Newer Markets - 11 May, 2024

Britannia's executive vice-chairman, Varun Berry, stated that the company has faced pressure in newer markets as local brands expand. The stock's performance has stabilized recently.

Prabhudas Lilladher Recommends Holding Britannia Industries - 09 May, 2024

Prabhudas Lilladher recommends holding Britannia Industries with a target price of Rs. 5315, citing improved margin guidance, double-digit volume growth guidance post elections and monsoons, and strong innovation pipeline. However, gross margins are near peak and expected to moderate in 2H25 due to rising wheat and Palmoil prices and packaging material costs.

Britannia Industries Rises as Revenue Grows in Q4FY24 - 08 May, 2024

Britannia Industries' stock rose for a third consecutive session, while its Q4FY24 revenue grew by 3% YoY, driven by the non-biscuit portfolio which contributed 25% to total revenue. The company is operating at peak margin and expects no near-term margin catalysts. Reiterate Neutral with TP of INR5,250.

Britannia Aims for Double-Digit Growth Despite Inflationary Concerns - 07 May, 2024

Despite a fall in consolidated net profit, Britannia Industries is optimistic about achieving double-digit volume growth post-elections and during the monsoon season. The company also plans to introduce a new Route-to-market (RTM 2.0) model aimed at growing non-biscuit businesses. Analysts recommend taking a long position with a Bull call spread option strategy.

Britannia Aims for Double-Digit Growth Despite Inflation - 06 May, 2024

Despite a decline in Q4 net profit, Britannia Industries plans to achieve double-digit sales volume growth in FY25 with manageable inflation. The company also plans to grow its adjacency business by 1.5 times and capture double-digit volume growth.

Britannia Industries Reports Mixed Results for FY 2024 - 05 May, 2024

Britannia Industries' FY 2024 revenue was in line with analyst estimates, but net income decreased by 7.8% YoY due to higher expenses. EPS also declined. The company's shares are down 1.2% from a week ago.

Britannia Industries Reports Decline in Q4 Net Profit - 04 May, 2024

Britannia Industries' Q4 net profit declined by 3.65% YoY to Rs 538.28 crore while sales rose 3.14%. The company's board declared a dividend of Rs 73.5 per share for FY24.

Britannia Q4 Net Profit Declines Due to Price Cuts - 03 May, 2024

Britannia Industries' Q4 net profit declined by 3.8% YoY to Rs 536.6 crore due to muted rural demand and price cuts undertaken during the quarter. Consolidated net sales increased by 3.1% YoY to Rs 4,014 crore. The company is expected to report a 1.5% decline in Q4 profit at Rs 551 crore.

Britannia Industries Poised for Subdued Q4 Earnings - 02 May, 2024

Britannia Industries is set to report a decline in profits for the March quarter, with analysts citing pricing pressures and increased competition from unorganised players. The company's net profit is expected to fall almost 3% YoY to Rs 542 crore, while top-line growth will be around 2.4% to Rs 4,119 crore. Increased focus on the Rs 5 SKU and higher grammage are expected to drive volume growth.

Britannia Industries Stock Expected to Fall - 27 Apr, 2024

Britannia Industries stock has been in a downtrend and is expected to resume the fall after rallying to ₹4,850. The 20-, 50- and 100-day moving averages at this price region make it a strong barrier. Short the stock now at ₹4,800 with an initial stop-loss at ₹4,875 and exit at ₹4,650.

Britannia Faces Risk Due to High P/E Ratio; Expands Premium Offerings - 17 Apr, 2024

Britannia Industries Limited faces potential risks as its high P/E ratio and unstable growth rates may not support positive sentiment for long. Meanwhile, the company is expanding its premium offerings by launching new products in existing and new categories.