Britannia Industries
Britannia Industries Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Britannia Industries Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Britannia Industries Ltd trades at a P/E of 49.10× and P/B of 24.41×, against the Consumer Defensive sector median P/E of 33.74×.
Valuation
Profitability
Growth
Financial Health
Britannia Industries Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Britannia Industries Ltd, switchable between annual and quarterly views, consolidated or standalone.
Britannia Industries Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,25,986.16 Cr and reported EPS of ₹105.38.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 9,990 | 11,055 | 11,600 | 13,136 | 14,136 | 16,301 | 16,769 | 17,943 | 19,152 |
| Other Income | 166 | 206 | 279 | 313 | 223 | 216 | 214 | 227 | 224 |
| Total Income | 10,156 | 11,261 | 11,879 | 13,449 | 14,359 | 16,516 | 16,983 | 18,170 | 19,376 |
| Cost of Goods Sold (COGS) | 6,107 | 6,561 | 6,927 | 7,626 | 8,760 | 9,591 | 9,492 | 10,604 | 11,133 |
| Gross Profit | 3,883 | 4,493 | 4,672 | 5,510 | 5,376 | 6,709 | 7,277 | 7,339 | 8,019 |
| +Operating Expenses | 2,381 | 2,760 | 2,829 | 3,001 | 3,174 | 3,878 | 4,107 | 4,151 | 4,474 |
| EBITDA | 1,502 | 1,733 | 1,843 | 2,509 | 2,202 | 2,831 | 3,170 | 3,187 | 3,544 |
| +Non-Operating Expenses | 150 | 171 | 245 | 308 | 344 | 771 | 462 | 427 | 450 |
| Profit Before Tax (PBT) | 1,518 | 1,769 | 1,844 | 2,513 | 2,079 | 3,027 | 2,917 | 2,937 | 3,319 |
| +Tax Expense | 514 | 612 | 451 | 663 | 562 | 716 | 779 | 749 | 752 |
| Profit After Tax (PAT) | 1,004 | 1,155 | 1,394 | 1,851 | 1,516 | 2,316 | 2,134 | 2,178 | 2,537 |
| Earnings Per Share (EPS) | 41.82 | 48.23 | 58.33 | 77.38 | 63.31 | 96.39 | 88.84 | 90.45 | 105.18 |
| Diluted Shares Outstanding (Nos.) | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| +Additional Disclosures | 14,745 | 16,053 | 16,942 | 18,548 | 21,037 | 23,471 | 23,548 | 25,806 | 27,187 |
| Sales Growth % | — | 10.66 | 4.93 | 13.25 | 7.61 | 15.31 | 2.88 | 7.00 | 6.74 |
| YoY Sales Growth % | — | 10.66 | 4.93 | 13.25 | 7.61 | 15.31 | 2.88 | 7.00 | 6.74 |
| Material Cost % | 49 | 50 | 51 | 49 | 53 | 51 | 51 | 55 | 54 |
| Employee Cost % | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Other Cost % | 20 | 21 | 20 | 19 | 19 | 20 | 20 | 19 | 19 |
| OPM % | 15 | 16 | 16 | 19 | 16 | 17 | 19 | 18 | 19 |
| Tax % | 34 | 35 | 24 | 26 | 27 | 24 | 27 | 25 | 23 |
| Profit Growth % | — | 15.09 | 20.61 | 32.79 | -18.08 | 52.79 | -7.86 | 2.04 | 16.49 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 1,360 | 1,572 | 1,658 | 2,311 | 2,001 | 2,605 | 2,869 | 2,874 | 3,208 |
Britannia Industries segment analysis: revenue and profit mix.
Disclosed business segments at Britannia Industries with their share of revenue and profit, switchable between consolidated and standalone reporting.
Britannia Industries discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Britannia Industries Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Britannia Industries Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Britannia Industries Ltd's investment case rests on 7 positive markers and 6 flagged concerns drawn from the latest reported filings.
What you're getting.
Britannia boasts an exceptional Return on Equity (ROE) of 52.90% and Return on Capital Employed (ROCE) of 53.00%, significantly outperforming peers and demonstrating highly efficient capital utilization and strong profitability.
The company shows robust quarterly sales growth of 8.75%, indicating strong market demand and a positive growth trajectory. A stable promoter holding of 50.55% further reinforces confidence in its future prospects.
With a substantial market capitalization of ₹140,884 crore and an annual profit after tax of ₹2,194 crore, Britannia exhibits significant financial strength and a dominant market presence, reflecting strong investor confidence.
Britannia maintains a very healthy financial structure with a low debt-to-equity ratio of 0.29, suggesting prudent financial management and reduced leverage risk, which is attractive for long-term investors.
The Fast Moving Consumer Goods (FMCG) sector, where Britannia operates, typically benefits from rising disposable incomes and increasing consumer demand, offering substantial avenues for market expansion and product innovation.
What can break it.
Britannia's Price-to-Earnings (P/E) ratio of 64.20 is considerably high, suggesting the stock might be overvalued compared to its earnings. Investors should carefully assess this valuation metric and associated risks.
The company experienced a slight quarterly profit decline of -0.59%, which, if it becomes a trend, could signal challenges in maintaining short-term profitability despite overall strong performance.
The stock has shown significant volatility over the past year, fluctuating between a high of ₹6337 and a low of ₹4506. This price instability poses a risk for investors seeking consistent portfolio stability.
The highly competitive Packaged Foods industry, with strong players like Nestle India (P/E 81.99), poses a constant threat, potentially impacting Britannia's market share and pricing power in the long run.
Fluctuations in raw material costs, such as wheat, sugar, and dairy, could significantly impact Britannia's operating margins, as these are critical inputs for its products, posing a risk to profitability.
What would change my mind.
Trim if P/E re-rates above 64 (~1.9× the sector multiple of 33.7). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 27.38. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 48%. The operating engine is no longer compounding capital efficiently.
Britannia Industries Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Britannia Industries Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Britannia Industries Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Britannia Industries Ltd — derived from the live tape, not yesterday's close.
Britannia Industries Ltd last traded at ₹5,232 with an intraday range of ₹5,191–₹5,239 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹5232.00| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 5346.33 | +114.33 | +2.19% |
| R3 | 5298.33 | +66.33 | +1.27% |
| R2 | 5268.67 | +36.67 | +0.70% |
| R1 | 5250.33 | +18.33 | +0.35% |
| PIVOT | 5220.67 | -11.33 | -0.22% |
| CURRENT | 5232.00 | — | — |
| S1 | 5106.33 | -125.67 | -2.40% |
| S2 | 5154.33 | -77.67 | -1.48% |
| S3 | 5172.67 | -59.33 | -1.13% |
| S4 | 5202.33 | -29.67 | -0.57% |
BRITANNIA is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: 5194 ~ 5223
Trading Inside opening range
Britannia Industries Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Britannia Industries Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Britannia Industries Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Britannia Industries Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Britannia Industries Ltd stood at 64.4% of traded volume, against a 20-day average of 62.2%.
Britannia Industries announcements: results, concalls, ratings, M&A.
Filings Britannia Industries sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Britannia Industries files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 137 documents below.
Resignation of Director/KMP/SMP
Britannia Industries Limited has informed the Exchange about Resignation of Director/KMP/SMP
Change in Management
Pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, this is to inform you that…
Analysts/Institutional Investor Meet/Con. Call Updates
Pursuant to Regulation 30 read with Clause 15 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, please find the link for the…
Copy of Newspaper Publication
Britannia Industries Limited has informed the Exchange about Copy of Newspaper Publication for the Audited Consolidated and Standalone Financial…
Investor Presentation
Britannia Industries Limited has informed the Exchange about Investor Presentation
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Britannia Industries dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Britannia Industries has declared, sequenced by announce and record date.
Britannia Industries corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Britannia Industries Ltd: business, sector, key facts.
What Britannia Industries Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Britannia Industries Ltd operates in the Consumer Defensive, listed as NSE: BRITANNIA, BSE: 500825.
Britannia Industries Limited is a prominent Indian food company with a long history, established in 1892 and headquartered in Bengaluru. Its core business centers around the manufacturing and distribution of a wide range of food products, both domestically within India and internationally across approximately 80 countries. The company enjoys a significant market share and brand recognition within its home market.
The company's product portfolio is extensive and diverse, encompassing various categories. Biscuits form a major part of Britannia's business, with a large number of popular and well-established brands including Good Day, Marie Gold, NutriChoice, Milk Bikis, and many others. These cater to different consumer preferences and price points, showcasing the company's strategy of offering a wide variety of options.
Beyond biscuits, Britannia's product line includes cakes (Muffills, Fudge It, etc.), rusks (Toastea), croissants (Treat Croissant), wafers (Treat Creme Wafers), and snacks (Time Pass). This diversification across confectionery and snack food categories contributes to a more robust and less volatile revenue stream, reducing reliance on any single product category. Furthermore, the company has expanded its offerings into dairy products, including cheese, dairy whiteners, milkshakes, lassi, flavored milk, paneer, and dahi, under various brand names such as Winkin' Cow and Come Alive.
Britannia also produces breads, both gourmet and standard varieties, under its own brand name. The inclusion of nutritious bars (Be You Protein Bars) demonstrates the company's attempt to cater to the growing health-conscious market segment. This expansion into diverse food categories reflects a strategic effort to meet evolving consumer demands and tap into new market opportunities. The company's significant international presence underscores its ambition for growth beyond the Indian market.
Questions investors ask about Britannia Industries Ltd (BRITANNIA).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Britannia Industries Ltd (BRITANNIA)?
The current share price of Britannia Industries Ltd (BRITANNIA) is ₹5,232. Today, the stock has gained by ₹14.50 (0.28%), trading in a range of ₹5,191 to ₹5,239. The stock opened at ₹5,220 with a trading volume of 2,70,826 shares.
02Is Britannia Industries Ltd stock a good investment for long-term?
Britannia Industries Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,25,986.16 crores, P/E ratio of 49.10, ROE of 53.31%, and ROCE of 53.00%. The dividend yield stands at 1.75%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Britannia Industries Ltd stock?
The 52-week high price of Britannia Industries Ltd (BRITANNIA) is ₹6,336, while the 52-week low is ₹5,035. Currently trading at ₹5,232, the stock is 15.1% away from its 52-week low and 17.4% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Britannia Industries Ltd stock at the current price?
Whether to buy Britannia Industries Ltd stock at ₹5,232 depends on multiple factors. The stock is currently trading with a P/E ratio of 49.10 and P/B ratio of 24.41. Today's performance shows a gain of 0.28%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Britannia Industries Ltd and when is the next dividend?
Britannia Industries Ltd offers a dividend yield of 1.75%, which means for every ₹100 invested at the current price of ₹5,232, you can expect to receive approximately ₹1.75 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Britannia Industries Ltd?
Britannia Industries Ltd's key financial metrics include: P/E Ratio: 49.10, P/B Ratio: 24.41, ROE: 53.31%, ROCE: 53.00%, Dividend Yield: 1.75%, EPS: ₹105.38, Book Value: ₹211.99, and Debt-to-Equity: 26.88. The company's market cap stands at ₹1,25,986.16 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Britannia Industries Ltd stock performing today in the market?
Britannia Industries Ltd stock opened at ₹5,220 and is currently trading at ₹5,232, showing a gain of ₹14.50 (0.28%). The intraday high is ₹5,239 and low is ₹5,191. The trading volume stands at 2,70,826 shares, indicating moderate market participation today.
08What is the P/E ratio of Britannia Industries Ltd and what does it indicate?
Britannia Industries Ltd has a Price-to-Earnings (P/E) ratio of 49.10, which means investors are willing to pay ₹49.10 for every ₹1 of earnings. With an EPS of ₹105.38, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Britannia Industries Ltd (BRITANNIA) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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