Britannia Industries Ltd.

BRITANNIA

₹5607.5

0.13% (7.5)

Market Cap

₹1,35,001 Cr.

P/E

61.96

About

Britannia Industries Limited, founded in 1892 in Kolkata, is a prominent player in the food industry with a focus on bakery, dairy, and snacking categories. Operating globally, the company is renowned… Read more

Britannia Industries Limited, founded in 1892 in Kolkata, is a prominent player in the food in… Read more

Low

4506

52W Range

High

6470

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

Edit rows

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Balance sheet
Net Block	950	1,145	1,331	1,674	1,864	1,779	1,739	2,615	2,744	2,875
Shareholders Funds	2,092	2,696	3,406	4,253	4,403	3,548	2,558	3,534	3,942	4,356
Profit & Loss
Operating Profit	1,214	1,278	1,502	1,733	1,843	2,509	2,202	2,789	3,170	3,187
Net Sales	8,397	9,054	9,914	11,055	11,600	13,136	14,136	16,301	16,769	17,943
Cash flow
Cash from Operating Activity	959	441	1,249	1,156	1,485	1,876	1,300	2,526	2,573	2,481
Net Capex (est)	249	352	421	399	243	238	547	633	497	370
Ratios
ROCE (%)	57.81	47.79	43.38	40.62	36.95	59.78	66.81	54.66	62.35	—
ROE (%)	39.42	32.80	29.48	27.25	31.86	52.54	59.61	65.69	54.29	—

Forensics

10 Yes

Positive for this company

1 Neutral

Neutral for this company

6 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Promoter Holding

Promoter has not sold any shares in the last 90 days
Retail Holding

Retail has been buying the stock which is usually a sign of exuberance
Revenue Recognition

Chances of aggressive revenue recognition - operating profit of company is not getting converted to cash and recievables rising faster than sales

Price & Performance

Capex vs ROCE

Roce of the company has increased over the last three years
Share price

Share price has increased over last 10 years due to earnings
Working Capital

Working capital of the company seems to be under control
Debt

Company should not have issues servicing its debt
ROCE Strength

Roce of the company is consistently strong
Balance Sheet Strength

Balance sheet of the company is strong. it shouldnt have solvency or liquidity issues
ROE

Roe has decreased vs 10 year trend
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Sales Growth

Sales of the company has grown at a slow pace
Margin Stability

Margins of the company are volatile

Market Share

30 %

(as of Mar 19)

Source/Historic

Biscuits - Market Share

20 %

(as of Mar 22)

Source/Historic

Cream Wafers - Market Share

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Rural vs Urban

Operational Metrics

Advertisement Spend as a % of Total Sales (%)

Britannia Industries Ltd.

Advertisement Spend as a % of Total Sales (%)
Source
Volume Growth (%)
Source

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
Britannia Inds	5,607.5	61.96	1,35,001	50.55	8.92	62.35	54.29
Nestle	2,417.1	72.65	2,33,046	62.76	4.49	57.17	79.99
ITC	421.05	15.16	5,26,719	—	9.78	34.84	27.46
Godrej Consumer Prod	1,210.1	66.85	1,23,830	53.07	6.27	23.84	-4.45
Varun Beverages	477	57.96	1,61,351	60.23	29.15	21.06	15.62
Dabur India	481.25	48.29	85,359	66.27	0.55	22.2	18.68
P&G Hygiene	13,500	61.14	43,874	70.64	-1.05	120.29	87.12
Jyothy Labs	338.75	33.58	12,439	62.89	1.06	20.89	20.43

Brands

Accompaniments

Bar cakes

Bourbon

Bread Assortment

Cheese

Chunk Cakes

Crackers

Daily Breads

Fresh dairy

Good Day

Jim-Jam+Treat

Little hearts

Marie Gold

Milk bikis

Muffills

Nice Time

Nutrichoice

Nuts & Raisin Romance

Premium Bake

Pure Magic

Tiger

Veg Cakes

White Sandwich Bread

Whole Wheat Breads

Corporate Actions

Consolidated DividendSplit

DATE

DETAILS

2024, Aug 05

Dividend Dividend of Rs.73.5 per share

2023, Apr 13

Dividend Dividend of Rs.72 per share

2022, Jun 20

Dividend Dividend of Rs.56.5 per share

2021, May 25

Dividend Dividend of Rs.12.5 per share

2021, Apr 08

Dividend Dividend of Rs.62 per share

Suppliers

Deepak Nitrite Ltd.
Tata Chemicals Ltd.
Uflex Ltd.
TCPL Packaging Ltd.
SH Kelkar And Company Ltd.
Cosmo First Ltd.
Vidhi Specialty Food Ingredients Ltd.
Huhtamaki India Ltd.
Uttam Sugar Mills Ltd.
Control Print Ltd.
Gulshan Polyols Ltd.
Prabhat Dairy Ltd.
Axtel Industries Ltd.
Rajshree Polypack Ltd.

Showing 5 of 14

FAQs on Britannia Industries Ltd. Business

What does Britannia Inds do?

Started in 1892, Britannia Industries is a leading food products company based in Kolkata. They specialize in bakery, dairy, and snacking products under popular brands like Good Day and NutriChoice.

Who are the competitors of Britannia Inds?

Britannia Inds major competitors are Nestle, ITC, Godrej Consumer Prod, Varun Beverages, Dabur India, P&G Hygiene, Jyothy Labs.
Market Cap of Britannia Inds is ₹1,35,001 Crs.
While the median market cap of its peers are ₹1,23,830 Crs.

Is Britannia Inds financially stable compared to its competitors?

Britannia Inds seems to be less financially stable compared to its competitors.
Altman Z score of Britannia Inds is 19.46 and is ranked 4 out of its 8 competitors.

View FAQ's On Shareprice

Cash Flow Machines

Actual Cash profits are more important than accounting profits. List of companies spitting out cash profits

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Global Leaders

Companies with a dominant global position in a product. Might be a sign of very strong moat.

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Discussions & Analysis

Britannia Industries Ltd.

Britannia Industries - Corporate Governance Red Flags - Leading Nowhere

View the discussion on ValuePickr

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Britannia Industries Ltd.