Reduce Britannia Industries, target price Rs 3300: ICICI Securities

Britannia Industries Ltd., incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 86969.04 Crore) operating in FMCG sector.

Agencies
Promoters held 50.63 per cent stake in the company as of March 31, 2020 while FIIs held 14.72 per cent, DIIs 13.37 per cent and public and others 21.28 per cent.
ICICI Securities has given reduce rating Britannia Industries with a target price of Rs 3300. The share price moved down by 0.08 per cent from its previous close of Rs 3629.35. The stock’s last traded price is Rs 3626.50.

Britannia Industries Ltd., incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 86969.04 Crore) operating in FMCG sector.

Britannia Industries Ltd. key Products/Revenue Segments include Food Products which contributed Rs 10820.57 Crore to Sales Value (98.48 % of Total Sales), Other Services which contributed Rs 124.07 Crore to Sales Value (1.12 % of Total Sales), Scrap which contributed Rs 27.28 Crore to Sales Value (0.24 % of Total Sales), Royalty Income which contributed Rs 14.76 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2020.


Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 3384.46 Crore, up 20.54 % from last quarter Sales of Rs 2807.78 Crore and up 26.41 % from last year same quarter Sales of Rs 2677.32 Crore Company has reported net profit after tax of Rs 542.58 Crore in latest quarter.
brit-graph

Promoter/FII Holdings
Promoters held 50.63 per cent stake in the company as of March 31, 2020 while FIIs held 14.72 per cent, DIIs 13.37 per cent and public and others 21.28 per cent.
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