NSE/BRITANNIA

BRITANNIABritannia Industries Ltd

Consumer Goods · NSE

₹5,735.5+2.68%

52-wk low52-WEEK RANGE52-wk high

₹5,302.5+8.2% from low ·-9.0% from high₹6,300.5

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

BRITANNIA+526.32% · 1Y

Range high ₹6,469.9Range low ₹911.63Latest ₹5,735.5Powered by TradingView · live NSE data

Consumer GoodsPackaged FoodsLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite38/100

Performance

Low

Hasn't fared well — amongst the weak performers.

· 52w return +6.3%
· Below 200-DMA (-2.7%) — downtrend

Valuation

High

Looks expensive vs the sector.

· P/E 56.8 — 25% above sector median 45.4
· P/B 36.77 above sector median

Growth

Medium

Steady but not standout growth.

· Revenue YoY +8.2%
· Profit YoY +16.9%

Profitability

High

Showing good signs of profitability & efficiency.

· ROE 64.8% — high-quality compounder
· Top quartile ROE in Consumer Goods

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeC(52/100)

Durability

84/100

Financially resilient — strong quality + solvency profile.

Show 4 drivers

Piotroski F-score6/9 (67pt)
Altman Z" score3.90 (100pt)
Debt/Equity0.58 (80pt)
ROE64.8% (100pt)

Valuation

24/100

Richly valued on most axes; limited margin of safety.

Show 4 drivers

P/E vs sector (56.8 / 45.4)125% (45pt)
P/B36.77 (0pt)
Dividend yield1.31% (33pt)
EV/EBITDA40.1 (0pt)

Momentum

49/100

Momentum is muted; trend is unclear or rolling over.

Show 5 drivers

52w change+6.3% (53pt)
DMA-trend alignmentdown (25pt)
RSI (14)53.9 (60pt)
Price vs 200-DMA-2.1% (50pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)56.79

OVERVALUED

CheapestP/E 56.8 at 80th %ile — pricier than 80% of peers.Most expensive

P/B36.77

OVERVALUED

CheapestP/B 36.77 at 95th %ile of sector.Most expensive

EV/EBITDA40.09

OVERVALUED

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: Apr +4.49% · Worst: Oct -1.29%

Jan

+0.5%

45% win

Feb

-0.4%

50% win

Mar

-0.7%

42% win

Apr

+4.5%

75% win

May

+4.2%

73% win

Jun

+3.7%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+1.56%

Median

+1.71%

Std dev

6.60%

Best

+18.0%

Worst

-13.7%

% positive

57%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 3

High-quality compounder (ROE 64.8%)
Above 20% ROE consistently flags capital-efficient businesses
Bankruptcy risk low (Altman Z″ 3.90)
Z″ above 2.60 sits squarely in the 'safe' zone
Top quartile ROE in Consumer Goods
Rank 3 of 20 peers

WEAKNESSES · 1

Premium to sector on P/E (+25%)
P/E 56.8 vs Consumer Goods median 45.4

OPPORTUNITIES · 1

16% upside to consensus target (₹6609)
34 analysts see fair value materially higher

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+2.7%

+3.2%

-1.3%

-4.9%

-3.9%

+10.7%

+10.1%

+10.6%

10Y

+14.8%

Fundamentals

VALUATION

Market cap

₹1,37,295 Cr

P/E (TTM)

56.8

P/E (fwd)

47.7

next 12m

P/B

36.77

EV/EBITDA

40.1

Book value

₹155.00

per share

PROFITABILITY · QUALITY

ROE

64.8%

ROCE

—

Net margin

12.1%

Op margin

18.0%

Gross margin

40.7%

D/E

0.58

GROWTH · MARKET

Rev YoY

+8.2%

Profit YoY

+16.9%

Div yield

1.31%

Payout

74.8%

52w change

+6.3%

Beta

0.56

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 4

+Forward P/E materially below trailing (47.7x vs 56.8x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+High ROE of 64.8%Capital-efficient business — every rupee of equity generates 64.8 paise of earnings
++16% upside to analyst consensus target34 analysts average target of ₹6609 vs current ₹5700
+Top-3 ROE in Consumer Goods sectorBest-in-class profitability among 20 listed peers

CONS · 1

−Trades at a premium to sector on P/EP/E 56.8 vs Consumer Goods median 45.4 — priced for more growth than peers

Sector-relative context

Consumer Goods · 20 peers

P/E (TTM)

This stock

56.79

Sector median

45.41

Rank 16/20 (25th %ile)

ROE

This stock

64.8%

Sector median

18.8%

Rank 18/20 (15th %ile)

P/B

This stock

36.77

Sector median

8.55

Rank 19/20 (10th %ile)

Quality score · Piotroski F-score

6 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
✗Operating margin expanded YoY· Pricing power or cost discipline
✓

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE3.90

Z″ = 3.90 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.122	×6.56	0.802
Retained Earnings / Total Assets (B)	0.278	×3.26	0.906
EBIT / Total Assets (C)	0.266	×6.72	1.786
Book Equity / Total Liabilities (D)	0.391	×1.05	0.410

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

34 analysts · BUY

Target mean

₹6608.82

Target high

₹7640.00

Target low

₹5050.00

Upside vs today

+15.9%

Street consensus target is +15.9% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Packaged Foods

Employees

5,792

Shares out

24.1

Revenue (TTM)

₹18,808 Cr

EBITDA

₹3,478 Cr

Total debt

₹2,196 Cr

Cash

₹921 Cr

Net debt

₹1,276 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	4,566	4,463	4,376	4,535	4,885
Operating profit	707	763	725	675	895
OPM %	15.5%	17.1%	16.6%	14.9%	18.3%
Interest	35

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	13,945	15,985	16,546	17,535
Operating profit	2,001	2,611	2,869	2,874
OPM %	14.3%	16.3%	17.3%	16.4%
Interest	142	166	162	136

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
BRITANNIATHIS Britannia Industries Limited	₹5,735.5	+6.3%	1,37,295	56.8	36.77	64.8%	0.58	+8.2%
HINDUNILVR Hindustan Unilever Limited	₹2,240.8	-4.7%	5,24,387	51.9	10.76	20.7%	0.04	+3.9%
ITC ITC Limited	₹306.8	-27.4%	3,82,149	18.8	5.38	28.7%	0.01	+6.7%
NESTLEIND Nestle India Limited	₹1,285.6	-46.4%	2,48,058	75.8	55.94	73.8%	0.11	+18.6%
ASIANPAINT Asian Paints Limited	₹2,464	+0.8%	2,41,259	62.7	12.32	19.6%	0.18	+3.7%
GODREJCP Godrej Consumer Products Limited	₹1,109.4	-8.6%	1,13,048	61.9	9.29	15.0%	0.34	+8.8%
MARICO Marico Limited	₹757.3	+8.9%	98,411	57.3	24.30	—	0.14	+12.2%
DABUR Dabur India Limited	₹442.85	-6.9%	78,344	42.4	7.15	16.9%	0.12	+6.1%
COLPAL Colgate Palmolive (India) Limited	₹2,106	-17.2%	57,906	43.6	36.60	84.0%	0.04	+1.7%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	27.95	28.23	+1.0%
-2q	24.72	27.17	+9.9%
-3q	24.44	21.62	-11.5%
-4q	21.66	23.25	+7.4%

Date	Amount
2025-08-04	₹75.00
2024-08-05	₹73.50
2023-04-13	₹72.00
2022-06-20	₹56.50
2021-05-25	₹12.50
2021-04-08	₹62.00
2020-08-26	₹83.00
2020-04-29	₹35.00
2019-08-01	₹15.00
2018-07-27	₹12.50
2017-07-28	₹11.00
2016-07-29	₹10.00

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	24	24	24	24
Reserves	2,091	3,226	3,630	4,036
Borrowings	2,481	3,008	2,075	1,264
Other liabilities	1	—	—	—
Total liabilities	7,527	9,353	9,074	8,839
Fixed assets	2,199	2,606	2,830	2,850
CWIP	615	134	227	116
Investments	939	1,029	582	1,281
Other assets	-1	49	-2	1
Total assets	7,527	9,353	9,074	8,839

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	1,300	2,526	2,573	2,481
CF Investing	911	-1,517	484	84
CF Financing	-2,246	-1,028	-2,839	-2,762
Net cash flow	-32	-9	219	-194
Free cash flow	749	1,815	2,020	2,106

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	16.4%	17.3%	16.3%	14.3%
Net margin %	12.4%	12.9%	14.5%	10.9%
ROE %	56.5%	62.0%	86.6%	72.1%
ROCE %	55.4%	51.3%	58.9%	48.3%
Debt / Equity	0.31	0.57	0.93	1.17
Dividend payout %	81%	81%	59%	118%
Interest coverage	22.5×	19.0×	19.3×	15.7×
Revenue growth YoY	+6.0%	+3.5%	+14.6%	—
Profit growth YoY	+1.8%	-7.8%	+52.3%	—

BRITANNIABritannia Industries Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Consumer Goods

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Recent news

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

Stock scorecard

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Consumer Goods