Buy Britannia Industries, target price Rs 3781: ICICI Direct

ICICI Direct has buy call on Britannia Industries with a target price of Rs 3781. The current market price of Britannia Industries is Rs 3745.9.

Britannia Industries Ltd., incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 90060.66 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 30-06-2022, the company reported a Consolidated Total Income of Rs 3756.46 Crore, up 4.22 % from last quarter Total Income of Rs 3604.28 Crore and up 8.45 % from last year same quarter Total Income of Rs 3463.93 Crore. Company reported net profit after tax of Rs 335.89 Crore in latest quarter.


Promoter Holding
Promoters held 50.55 per cent stake in the company as of 30-Jun-2022, while FIIs owned 16.65 per cent, DIIs 8.73 per cent.