Britannia can give about 18-20% return from current levels: Dilip Bhat

In a chat with ET Now, Dilip Bhat, Joint Managing Director, Prabhudas Lilladher, shares his views on Britannia. Excerpts:

ET Now: Are you still bullish on Britannia as the run up to it has been decent?

Dilip Bhat: Britannia had a good run up. We shall see for the next 1-2 years if it shows about at least 15-17 per cent top line growth and may be 23-24 per cent of bottom line growth.

However, they have been generating free cash. Under the new leadership, this may accentuate further. Hence, ROEs remain strong.

Despite the run up from Rs 500 to over Rs 900, this is a stock that can give you about 18-20 per cent return from the current levels.