5 Feb 2024 , 10:21 AM
Result date: February 6, 2024
Recommendation: Add
Target price: ₹5,200
Analysts at IIFL Securities expect Britannia Industries (Britannia) to post revenue growth of 7% over the year-ago quarter. The company’s sales volumes are likely to remain flattish, partly due to a high base effect of the December 2022 quarter. Anniversarization of price hikes, higher competitive intensity could also weigh on the company’s topline during the quarter under review.
While gross margins could benefit from premiumization and easing input costs, higher advertising spends and higher base of the year-ago quarter could have some bearing on Britannia’s EBITDA margin during the quarter.
Important management insights to watch out for:
₹ Million |
December 2023 estimates |
YoY change |
Revenue |
43,886 |
7.0% |
EBITDA |
8,418 |
3.0% |
Profit After Tax |
6,088 |
(3.0)% |
Source: IIFL Research
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.