Buy Britannia Industries, target price Rs 3710: Kotak Securities

Kotak Securities has buy call on Britannia Industries with a target price of Rs 3710. The current market price of Britannia Industries is Rs 3584.25. Time period given by analyst is Intra Day when Britannia Industries Ltd. price can reach defined target.

Britannia Industries Ltd., incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 86836.63 Crore) operating in FMCG sector.

Britannia Industries Ltd. key Products/Revenue Segments include Food Products, Other Operating Revenue, Scrap, Royalty Income, Other Services for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 3660.77 Crore, up 5.68 % from last quarter Total Income of Rs 3463.93 Crore and up 4.81 % from last year same quarter Total Income of Rs 3492.61 Crore. Company reported net profit after tax of Rs 381.62 Crore in latest quarter.


Investment Rationale
Rising volume suggests the pullback rally for upside is probable in the coming horizon.

Promoter/FII Holdings
Promoters held 50.55 per cent stake in the company as of 31-Dec-2021, while FIIs owned 17.59 per cent, DIIs 11.52 per cent.