30 Oct 2023 , 11:40 AM
Result date: November 1, 2023
Recommendation: Add
Target price: Rs. 5,250
Analysts at IIFL Securities expect Britannia Industries (Britannia) to post flat volumes for the September 2023 quarter. They estimate value growth of ~5% as compared to the year-ago quarter, largely driven by pricing growth.
The company’s EBITDA margin could witness expansion of 100 basis points as compared to the year-ago quarter, but the same will remain flat sequentially.
Profit After Tax or PAT could grow 13.2%.
Important management insights to watch out for:
Rs. Million |
September 2023 estimates |
YoY change |
Revenue |
45,545 |
5.0% |
EBITDA |
7,928 |
11.4% |
PAT |
5,583 |
13.2% |
Source: IIFL Research
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