Add Britannia Industries, target price Rs 4300: ICICI Securities

ICICI Securities has add call on Britannia Industries with a target price of Rs 4300. The current market price of Britannia Industries Ltd. is Rs 4127.150.

Britannia Industries Ltd., incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 91631.12 Crore) operating in FMCG sector.

Britannia Industries Ltd. key Products/Revenue Segments include Food Products, Other Operating Revenue, Scrap, Royalty Income for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 4432.85 Crore, up 18.01 % from last quarter Total Income of Rs 3756.46 Crore and up 21.09 % from last year same quarter Total Income of Rs 3660.77 Crore. Company reported net profit after tax of Rs 490.52 Crore in latest quarter.

The company’s top management includes Mr.Nusli N Wadia, Mr.Keki Elavia, Dr.Y S P Thorat, Dr.Ajay Shah, Mr.Ness N Wadia, Dr.Ajai Puri, Mr.Keki Dadiseth, Mr.N Venkataraman, Mr.Avijit Deb, Mr.Varun Berry, Mrs.Tanya Dubash. Company has B S R & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 24 Crore shares outstanding.



Promoter/FII Holdings
Promoters held 50.55 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.65 per cent, DIIs 8.67 per cent.