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Britannia Industries Limited (BRITANNIA.NS)

INR5,315.50 +32.00 (+0.61%)
IN NSE Consumer Defensive Packaged Foods
Address The Business Precinct, Tower C 560048
Bengaluru, IN
CEO Rakshit Hargave
IPO 1996-01-02
ISIN INE216A01030

Explore sections of this company profile

Also trades on Bombay Stock Exchange · BRITANNIA.BO (INR) National Stock Exchange of India · BRITANNIA.NS (INR)
Description

Operating primarily within India, Britannia Industries Limited is a prominent producer and distributor of a diverse range of food items. Its extensive portfolio encompasses baked goods like cookies, loaves, pastries, and toasted bread slices; an array of dairy items such as milk drinks, cheese, traditional dahi, and coffee/tea creamers; alongside other snack options including cream-filled wafers, filled croissants, and savory bites. The company's well-known biscuit lines include Good Day, Crackers, NutriChoice, Marie Gold, Tiger, Milk Bikis, Jim Jam + Treat, Bourbon, Little Hearts, Pure Magic, Nice Time, 50-50, Biscafe, and Chocolush. For cakes, consumers recognize brands such as Gobbles, Tiffin Fun, Nut & Raisin, Muffills, Layerz, Rollyo, and Fudgeit. Additionally, rusks are available under the Toastea name, and filled croissants under the Treat label. Beyond its domestic operations, Britannia also distributes its goods internationally, reaching around 70 nations globally. Established in 1892, the firm's headquarters are situated in Bengaluru, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR5,315.50 +32.00 (+0.61%)
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Volume Profile
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Liquidity & share structure
Average Volume
436.7K
Beta
0.47
Float Shares
117.57M
Free Float %
48.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.41% -8.00% -4.02% -12.59% -9.29% -11.56% -4.89% +15.54% +55.08% +263.29% +6,006.47%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
5,315.50
DCF (Unlevered) 4,483.55 -15.7%
DCF (Levered) 4,696.49 -11.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 76% Bullish
Rating 2026-05 Change
Strong Buy 10 0
Buy 15 -1
Hold 6 -1
Sell 2 0
Strong Sell 0 0
Quality scores
Altman Z-Score
20.16
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Packaged Foods: +4.4%
    +7.1% Q1'26: +7.9% (vs Q1'25)
  • EPS growth Packaged Foods: +14.6%
    +16.3% Q1'26: +21.1% (vs Q1'25)
  • FCF margin FCF growth · Packaged Foods: +15.9%
    +12.3% Q1'26: +5.0% (vs Q1'25)
  • EBIT margin Packaged Foods: +7.9%
    +16.8% Q1'26: +16.3% (vs Q1'25)
  • ROIC Packaged Foods: +7.0%
    +54.7% Q1'26: +58.7% (vs Q1'25)
  • Share dilution Packaged Foods: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×
    0.39× Q1'26: 0.40× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.54) × ERP
WACC = 99% × Ke + 1% × Kd (8.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 4,483.56 Current price: 5,315.50
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
30 Rev. Ana.
29 EPS Ana.
Mar 2027
29 Rev. Ana.
28 EPS Ana.
Mar 2028
27 Rev. Ana.
27 EPS Ana.
Mar 2029
7 Rev. Ana.
6 EPS Ana.
Mar 2030
3 Rev. Ana.
2 EPS Ana.
Revenue
46.05B
est: 46.24B (-0.4%)
246.20M
est: 55.81B (-99.6%)
61.46B
est: 61.29B (+0.3%)
68.37B
est: 69.39B (-1.5%)
77.88B
est: 77.43B (+0.6%)
83.36B
est: 87.11B (-4.3%)
90.18B
est: 94.29B (-4.4%)
98.87B
est: 99.35B (-0.5%)
110.32B
est: 110.59B (-0.2%)
115.71B
est: 116.24B (-0.5%)
131.01B
est: 130.92B (+0.1%)
140.94B
est: 140.59B (+0.3%)
162.52B
est: 163.35B (-0.5%)
167.18B
est: 169.58B (-1.4%)
178.85B
est: 177.87B (+0.6%)
192.85B
189.45B – 196.78B
+8.4% YoY
213.88B
210.56B – 219.66B
+10.9% YoY
235.69B
229.43B – 247.66B
+10.2% YoY
254.79B
252.79B – 256.80B
+8.1% YoY
320.76B
313.93B – 333.43B
+25.9% YoY
EBITDA
2.84B
est: 6.72B (-57.8%)
3.70B
est: 2.64B (+40.0%)
4.21B
est: 3.57B (+17.9%)
6.28B
est: 4.92B (+27.8%)
8.70B
est: 7.61B (+14.3%)
12.24B
est: 13.14B (-6.9%)
12.76B
est: 15.50B (-17.7%)
14.97B
est: 16.61B (-9.8%)
17.30B
est: 20.18B (-14.3%)
18.36B
est: 22.25B (-17.5%)
25.06B
est: 25.39B (-1.3%)
21.92B
est: 27.92B (-21.5%)
28.21B
est: 31.45B (-10.3%)
31.59B
est: 36.55B (-13.5%)
31.78B
est: 38.14B (-16.7%)
41.56B
40.83B – 42.41B
+9.0% YoY
46.09B
45.38B – 47.34B
+10.9% YoY
50.79B
49.45B – 53.37B
+10.2% YoY
54.91B
54.48B – 55.34B
+8.1% YoY
69.13B
67.66B – 71.86B
+25.9% YoY
EBIT
2.19B
est: 4.00B (-45.3%)
2.75B
est: 2.06B (+33.2%)
3.48B
est: 2.73B (+27.1%)
5.45B
est: 4.14B (+31.8%)
7.26B
est: 6.26B (+16.0%)
11.10B
est: 7.96B (+39.5%)
11.61B
est: 11.85B (-2.0%)
13.60B
est: 12.31B (+10.5%)
15.75B
est: 15.10B (+4.3%)
16.58B
est: 16.44B (+0.9%)
23.11B
est: 18.61B (+24.2%)
20.01B
est: 20.47B (-2.3%)
26.05B
est: 23.05B (+13.0%)
28.69B
est: 32.63B (-12.1%)
28.74B
est: 34.05B (-15.6%)
37.11B
36.45B – 37.87B
+9.0% YoY
41.16B
40.52B – 42.27B
+10.9% YoY
45.35B
44.15B – 47.66B
+10.2% YoY
49.03B
48.64B – 49.41B
+8.1% YoY
61.72B
60.41B – 64.16B
+25.9% YoY
Net Income
1.34B
est: 4.16B (-67.7%)
2.00B
est: 1.52B (+31.5%)
2.60B
est: 2.19B (+18.4%)
3.95B
est: 2.96B (+33.7%)
6.89B
est: 4.54B (+51.7%)
8.25B
est: 7.70B (+7.1%)
8.84B
est: 8.80B (+0.5%)
10.04B
est: 9.37B (+7.1%)
11.59B
est: 11.15B (+3.9%)
14.03B
est: 12.13B (+15.7%)
18.64B
est: 15.91B (+17.2%)
15.25B
est: 17.49B (-12.8%)
23.22B
est: 19.70B (+17.8%)
21.40B
est: 21.88B (-2.2%)
21.79B
est: 21.94B (-0.7%)
25.33B
23.94B – 26.52B
+15.5% YoY
28.71B
27.02B – 30.65B
+13.3% YoY
32.49B
30.91B – 35.61B
+13.2% YoY
35.00B
34.38B – 35.51B
+7.7% YoY
— – —
-100.0% YoY
SGA
9.71B
est: 1.66B (+484.3%)
est: 10.38B (-100.0%)
11.26B
est: 11.63B (-3.2%)
12.65B
est: 14.50B (-12.7%)
9.41B
est: 21.75B (-56.7%)
8.24B
est: 22.99B (-64.2%)
7.81B
est: 20.12B (-61.2%)
4.37B
est: 19.90B (-78.0%)
9.79B
est: 21.76B (-55.0%)
10.01B
est: 24.41B (-59.0%)
10.16B
est: 27.12B (-62.5%)
10.35B
est: 29.82B (-65.3%)
14.21B
est: 33.59B (-57.7%)
14.92B
est: 17.53B (-14.9%)
13.61B
est: 39.86B (-65.9%)
19.93B
19.58B – 20.34B
-50.0% YoY
22.11B
21.76B – 22.70B
+10.9% YoY
24.36B
23.71B – 25.60B
+10.2% YoY
26.34B
26.13B – 26.54B
+8.1% YoY
33.15B
32.45B – 34.46B
+25.9% YoY
EPS
5.62
est: 5.12 (+9.8%)
8.33
est: 8.01 (+4.0%)
10.86
est: 9.38 (+15.7%)
16.50
est: 16.20 (+1.9%)
28.71
est: 24.16 (+18.8%)
34.37
est: 34.74 (-1.1%)
36.86
est: 37.03 (-0.5%)
41.83
est: 41.43 (+1.0%)
48.25
est: 48.17 (+0.2%)
58.35
est: 57.89 (+0.8%)
77.43
est: 79.16 (-2.2%)
63.31
est: 65.07 (-2.7%)
96.39
est: 79.83 (+20.7%)
88.84
est: 90.83 (-2.2%)
90.45
est: 89.09 (+1.5%)
105.75
99.39 – 110.09
+18.7% YoY
119.72
112.17 – 127.23
+13.2% YoY
135.63
128.34 – 147.84
+13.3% YoY
144.71
142.75 – 147.43
+6.7% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.99B
OE per share TTM
8.26
Owner's Yield
0.15%
Maintenance CapEx ratio
10.85%
Maint CapEx / Avg PPE
15.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 25 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard Emerging Markets Ex-China ETF VEXC 0.08% 191.7K 0.07%
2 Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF DRFE.TO 0.07% 163.5K 0.65%
3 Schwab Emerging Markets Equity ETF SCHE 0.06% 7.74M 0.06%
4 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.06% 3.37M 0.17%
5 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.06% 3.37M 0.17%
6 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.06% 770.6K 0.48%
7 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.06% 1.74M 0.26%
8 Vanguard FTSE Emerging Markets ETF VWO 0.05% 85.77M 0.06%
9 Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX 0.05% 305.4K 0.40%
10 Vanguard ESG International Stock ETF VSGX 0.02% 1.25M 0.10%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
6.01M
Shares Outstanding
240.87M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Natarajan Venkataraman Chief Financial Officer & Executive Director 42M male
Manoj Balgi Chief Manufacturing & Procurement Officer male
Piyush Bhandari GM of Commercial Business & Sales male
Puneet Das Chief Marketing Officer male
Rakshit Hargave MD, CEO & Executive Director male
Ramamurthy Jayaraman General Manager of Corporate Finance male
Ritesh Rana Vice President of Human Resource male
Sona Rajora Company Secretary & Compliance Officer female
Sudhir Nema Chief Development & Quality Officer male
Abhishek Sinha Chief Sales Transformation Officer male
Susheel Navanale Chief Information Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits