Britannia topline seen up 15% on price hikes: Angel Broking

For the quarter, we expect Britannia to post a decent 15.3 percent YoY growth in its topline to Rs 1,299 crore aided by price hikes.

Updated: May 28, 2012, 11.37 AM IST

Britannia Industries (Britannia) is slated to announce its 4QFY2012 numbers. For the quarter, we expect Britannia to post a decent 15.3 percent YoY growth in its topline to Rs 1,299 crore aided by price hikes. OPM is expected to increase by 65bp YoY to 7.1 percent.

The company's bottomline is expected to grow by 23.5 percent YoY to Rs 53 crore, aided by good operational performance. We maintain our 'buy' recommendation on the stock with a target price of Rs 650.

Start a SIP with as low as ₹500 with ET Money App!