Reduce Britannia Industries, target price Rs 3100: HDFC Securities

HDFC Securities has reduce call on Britannia Industries with a target price of Rs 3100. The current market price of Britannia Industries is Rs 3470. Time period given by analyst is one year 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 83572.87 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.


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.