Buy Britannia Industries, target price Rs 5270: JM Financial

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

By ETMarkets.com | Updated: Oct 10, 2023, 10.26 AM IST

Promoters held 50.55 per cent stake in the company as of 30-Jun-2023, while FIIs owned 21.29 per cent, DIIs 6.5 per cent.

JM Financial has buy call on Britannia Industries Ltd. with a target price of Rs 5270. The current market price of Britannia Industries Ltd. is Rs 4518.

Britannia Industries Ltd., incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 108844.77 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 30-06-2023, the company reported a Consolidated Total Income of Rs 4064.63 Crore, down -.37 % from last quarter Total Income of Rs 4079.55 Crore and up 8.20 % from last year same quarter Total Income of Rs 3756.46 Crore. Company reported net profit after tax of Rs 452.46 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 50.55 per cent stake in the company as of 30-Jun-2023, while FIIs owned 21.29 per cent, DIIs 6.5 per cent.

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