3 Aug 2023 , 10:59 AM
Result date: 4th August, 2023
Recommendation: Add
Target price: Rs. 5,200
Britannia Industries (Britannia) could post mid-single digit growth in domestic volumes as compared to the year-ago quarter. This coupled with price hikes could lead to 11% growth in revenue over the year-ago quarter. Britannia continues to gain market share and is witnessing healthy response to its new products. Expanding reach in rural markets is another important growth enabler for the company.
Analysts at IIFL Securities expect Britannia’s EBITDA to grow 47.1% over the year-ago quarter, partly due to a lower base effect.
Britannia’s Profit After Tax (PAT) could grow 53.1% over the year-ago quarter.
June 2023 estimates |
YoY change |
|
Revenue |
40,557 |
11.0% |
EBITDA |
7,364 |
47.1% |
Profit After Tax |
5,163 |
53.0% |
Source: IIFL Research
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