Buy Britannia Industries, target price Rs 3750: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Britannia Industries with a target price of Rs 3750.

The current market price of Britannia Industries Ltd. is Rs 3582.5. 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 86335.63 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 31-03-2022, the company reported a Consolidated Total Income of Rs 3604.28 Crore, down -.71 % from last quarter Total Income of Rs 3630.11 Crore and up 12.85 % from last year same quarter Total Income of Rs 3193.94 Crore. Company reported net profit after tax of Rs 377.87 Crore in latest quarter.

Investment Rationale
Respecting its 50 EMA on monthly frame and gave a strong closing on daily scale.

Promoter/FII Holdings
Promoters held 50.55 per cent stake in the company as of 31-Mar-2022, while FIIs owned 17.17 per cent, DIIs 7.92 per cent.