BRITANNIA

BRITANNIA INDUSTRIES

Large Cap BSE: 500825 NSE: BRITANNIA
₹4285.35
72.3 (1.72%)
  • Advice
  • Hold
As on 29 November, 2022 | 21:10

Britannia Industries Performance

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52 Week Range

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Britannia Industries Share Price

Britannia Industries Share Returns

  • Over 1 Month 13.44%
  • Over 3 Month 15.58%
  • Over 6 Month 20.46%
  • Over 1 Year 21.45%

Britannia Industries Key Statistics

P/E Ratio 65.3
PEG Ratio -86.2
Market Cap Cr 103,221
Price to Book Ratio 39.9
EPS 66.5
Dividend 1.3
Relative Strength Index 75.82
Money Flow Index 58.52
MACD Signal 95.37
Average True Range 75.8

Britannia Industries Investment Rating

  • Master Rating:
  • Britannia Inds. has an operating revenue of Rs. 15,206.00 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 15% is great, ROE of 59% is exceptional. The company has a reasonable debt to equity of 28%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 8% and 17% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 6% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 65 which is a FAIR score but needs to improve its earnings, a RS Rating of 64 which is FAIR indicating the recent price performance, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 48 indicates it belongs to a fair industry group of Food-Grain & Related and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock definitely has some strength, you may want to examine it in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Britannia Industries Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 4,1453,4703,3363,3743,3703,2362,857
Operating Expenses Qtr Cr 3,5043,0522,8142,8612,8942,7122,465
Operating Profit Qtr Cr 687470522512531524488
Depreciation Qtr Cr 44444343434245
Interest Qtr Cr 51393135363221
Tax Qtr Cr 165119137132136137125
Net Profit Qtr Cr 493322413357367466353

Britannia Industries Technicals

EMA & SMA

Current Price
4285.35
72.3 (1.72%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 4089.06
  • 50 Day
  • 3942.57
  • 100 Day
  • 3811.92
  • 200 Day
  • 3591.74
  • 20 Day
  • 4076.21
  • 50 Day
  • 3893.76
  • 100 Day
  • 3816.63
  • 200 Day
  • 3588.95

Britannia Industries Resistance and Support

PIVOT
₹4201.12
Resistance
First Resistance 4241.24
Second Resistance 4269.42
Third Resistance 4309.54
RSI 75.82
MFI 58.52
MACD Single Line 95.37
MACD 103.88
Support
First Resistance 4172.94
Second Resistance 4132.82
Third Resistance 4104.64

Britannia Industries Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 609,287 26,650,213 43.74
Week 315,051 16,083,364 51.05
1 Month 478,093 21,380,330 44.72
6 Month 383,901 19,459,952 50.69

Britannia Industries Result Highlights

Britannia Industries Synopsis

NSE-Food-Grain & Related

Britannia Ind. belongs to the Industry of Food Processing - Bakery/Dairy/Fruits/Others. Company’s Total Operating Revenue is Rs. 13371.62 Cr. and Equity Capital is Rs. 24.09 Cr. for the Year ended 31/03/2022. Britannia Industries Ltd. is a Public Limited Listed company incorporated on 21/03/1918 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L15412WB1918PLC002964 and registration number is 002964.
Market Cap 102,971
Sales 14,423
Shares in Float 11.80
No of funds 751
Yield 1.34
Book Value 42.24
U/D Vol ratio 1.5
LTDebt / Equity 29
Alpha 0.06
Beta 0.58

Britannia Industries

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 50.55%50.55%50.55%
Mutual Funds 5.92%5.22%5.17%
Insurance Companies 2.62%3.27%2.53%
Foreign Portfolio Investors 17.18%16.65%17.17%
Financial Institutions/ Banks 0.06%0.11%0.11%
Individual Investors 13.72%14.28%14.6%
Others 9.95%9.92%9.87%

Britannia Industries Management

Name Designation
Mr. Nusli N Wadia Chairman
Mr. Varun Berry Managing Director
Mr. Avijit Deb Director
Mr. N Venkataraman Executive Director & CFO
Mr. Keki Dadiseth Director
Dr. Ajai Puri Director
Mr. Ness N Wadia Director
Dr. Ajay Shah Director
Dr. Y S P Thorat Director
Mr. Keki Elavia Director
Mrs. Tanya Dubash Director

Britannia Industries Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Britannia Industries Corporate Action

Date Purpose Remarks
2022-11-04 Quarterly Results
2022-08-04 Quarterly Results
2022-05-02 Audited Results & Dividend
2022-01-28 Quarterly Results
2021-11-08 Quarterly Results
Date Purpose Remarks
2021-05-27 SPECIAL Rs.12.50 per share(1250%)Dividend (Payment of dividend of Rs. 12.50 (Rupees Twelve and Fifty Paise) per every 1 (one) fully paid-up equity share of face value of Re. 1 (Rupee One) each by utilizing its accumulated profits)
2021-04-10 INTERIM Rs.62.00 per share(6200%)Interim Dividend
Date Purpose Remarks
2018-11-30 Split Rs.0.00 split from Rs. 2/- to Re. 1/-.

Britannia Industries MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 151468
HDFC Balanced Advantage Fund Growth 49709
ICICI Prudential Balanced Advantage Fund Growth 44002
UTI Nifty 50 Exchange Traded Fund 39494
SBI Bluechip Fund Regular Growth 34730

About Company

Britannia Industries is a significant food company in India, with a 100-year history and yearly revenues of over INR 9000 Cr. Britannia is one of India's most trusted food companies, producing popular products such as Good Day, Tiger, NutriChoice, Milk Biscuits, and Marie Gold. Britannia's product line includes Biscuits, Bread, Cakes, Rusk, and Dairy items such as Cheese, Beverages, Milk, and Yoghurt.

Britannia Bread is the leading brand in the organized bread market, with an annual volume turnover of over 1 lac tonnes and a value turnover of INR 450 crores. The company has 13 plants and 4 franchisees.

History                      

Britannia Industry was established in 1892 by a group of British businesspeople with an INR 295 investment. Biscuits were first made in a modest cottage in central Kolkata. The company was established as a public limited company on 21st March 1918.

Britannia was the first enterprise east of the Suez Canal to use imported gas ovens in 1921. Britannia's business was doing well. However, Britannia was gaining a reputation for quality and value. As a result, during the disastrous World War II, the government put its faith in Britannia by contracting it to deliver large amounts of "service biscuits" to the armed forces.

In the year 1924, a new factory was constructed in Mumbai. In the same year, the company became a subsidiary of Peek Frean & Company Limited UK, a prominent biscuit-making company, and expanded its factories in Calcutta and Mumbai.

Mumbai and Kolkata welcomed a factory from Dum Dum to larger grounds on Taratola Road on the city's outskirts in 1954. Automatic plants were installed in Calcutta the same year.

The year 1954 also saw automatic plants being placed in the Mumbai facility. The business launched the creation of high-quality sliced and wrapped bread in India, which was first manufactured in Delhi. In the year 1965, a new bread bakery was established in Delhi.

In 1975, Britannia Biscuit Company took over biscuit distribution from Parry's. Further, in the year1976, the company launched Britannia bread in Calcutta and Chennai. 1978 was the year when the company became public, and Indian shareholding surpassed 60%. The redefinition of the company from Britannia Biscuit Company Limited to Britannia Industries Limited took place in 1979. 

Fast forward to Current Status, 2021 - Britannia is one of India's oldest companies. It is now part of the Wadia Group, headed by Nusli Wadia. Britannia's revenue stood at 11,878.95 crores INR (US$1.7 billion) in 2020.

Products of Britannia

Britannia Product focuses on bringing more productive items to market and rapidly increasing the market. It began in 1892. It has a history of almost 120 years, and its business has expanded greatly by focusing on larger margins and addressing consumer needs by providing superior quality items. Their brand name, which includes features, quality, pricing, design, and so on, would aid them in rapid sales growth, retaining frequent customers, and picking their product in the market.

Britannia products are mainly divided into four sectors: the biscuit sector, Gift sector, Dairy products  Bread, cake and rusk sector.

Biscuit Sector

Britannia Biscuits is well-known worldwide for its delicious taste, which is available at a reasonable and inexpensive price. Many millions of people enjoy eating biscuits, healthy snacks that can be found in stores anytime and anywhere.

Britannia Biscuits is further classified as follows:

  • Nutrition for Children
  • Luxury or treat
  • Snacking
  • Adult Wellness

Dairy products

Britannia Dairy Products is well-known worldwide for its delicious taste, which is available at a reasonable and affordable price. Millions of people enjoy eating butter, ghee, milk, cheese, Dahi, health drink, choco milk, and badam milk, which are available in stores at any time, anyplace, and on any day. Britannia Dairy Products are further classed as follows:

  • Cheese
  • Dahi
  • Gourmet Cheddar
  • Ghee
  • Butter
  • Milk
  • Whitener for Dairy
  • Actimind
  • TigerZor Badam Milk and TigerZor Choco Milk

Bread and Rusk industries

Bread and rusk, which are ingested by adults, children, and people of all ages, include critical nutrients and vitamins, Honey & Oats, Multi-Grain, Whole Wheat, and Multi-Fiber.

Britannia offers a wide choice of such Bread and toasted Rusk, allowing consumers to select from these items and experience the benefits associated with the Bread and Rusk sectors.

  • British Bread
  • Toasted Rusk Britannia

 

Corporate Social Responsibility Information

According to Section 135 of the Companies Act of 2013, Britannia Industries Ltd. must invest at least 2% of its average net profit over the previous three fiscal years in corporate social responsibility (CSR) initiatives if it meets the application level.

In the financial year 2019-20, Ness N Wadia's Britannia spent 2% of its three-year average net profit on CSR-related costs.

According to the annual report, CSR expense was INR 28.43 Crores, whereas the company's average net profit over the previous three fiscal years was INR 1,421.71 Crores for the year under review. The Britannia's CSR initiatives for the 2019–20 financial year were focused on combating poverty and malnutrition, advancing education, the arts and culture, health care, the rehabilitation of the poor, environmental sustainability, disaster relief, and rural development initiatives. These activities, listed in Schedule VII of the 2013 Companies Act, were carried out throughout the year, with the majority of the cash allotted to a corpus.

The company assists numerous organizations with their work in general semantics, education, health care, and rural development. Britannia's CSR projects and programs are started after determining which communities need development. According to the report, the company engages with stakeholders to ensure its initiatives are carried out successfully.

This year, the company gave the Sir Ness Wadia Foundation a CSR donation for it to carry out various activities and projects for preventive health care, such as reducing the COVID-19 pandemic's impact in India and promoting children's health, growth, and development in India, either directly or in collaboration with the Bai Jerbai Wadia Hospital for Children (BJWHC), Nowrosjee Wadia Maternity Hospital (NWMH), and Britannia Nutrition Foundation (BNF).

Financial Information

Top Line

Over the last 5 years, the audited financial statements show sales of INR 9304 crores in 2018, INR 10482 crores in 2019, INR 10986 crores in 2020, INR 12378 crores in 2021 and INR 13371 crores in the year ending 2022.
The company has a strong track record of return on equity (ROE):  in three years, ROE is 44.6%.
The company has kept a healthy dividend distribution of 119.06%.


Bottom Line

On the other hand, the net profit recorded was INR 948 crores in 2018, INR 1122 crores in 2019, INR 1484 crores in 2020, INR 1760 crores in 2021, and INR 1603 crores in 2022.
Stock is trading at 34.72 times its book value.
The company has delivered a poor sales growth of 9.71% over the past five years.

Britannia Industries FAQs

What is Share Price of Britannia Industries ?

Britannia Industries share price is ₹4285 As on 29 November, 2022 | 20:56

What is the Market Cap of Britannia Industries ?

The Market Cap of Britannia Industries is ₹103220.5 Cr As on 29 November, 2022 | 20:56

What is the P/E ratio of Britannia Industries ?

The P/E ratio of Britannia Industries is 65.3 As on 29 November, 2022 | 20:56

What is the PB ratio of Britannia Industries ?

The PB ratio of Britannia Industries is 39.9 As on 29 November, 2022 | 20:56

Is Britannia a debt-free company?

Britannia Industries had INR 20.9 billion in debt at the end of March 2021, up from INR 15.5 billion the previous year. However, it has INR 16.0 billion in cash to offset this, resulting in net debt of about INR 4.83 billion.

Is Britannia overvalued?

Britannia Industries has a trailing 12-month operating revenue of INR 13,307.19 Cr. Annual revenue growth of 13% is good, the pre-tax margin of 19% is excellent, and ROE of 52% is exceptional. Britannia Industries has a reasonable debt-to-equity ratio of 21%, indicating a healthy balance sheet.

Who owns Britannia?

Wadia Group owns Britannia Industries.

Who is the CEO of Britannia?

Varun Berry is the CEO of Britannia Industries since 1 Apr 2014.

How to buy Britannia Industries Limited shares?

You can easily buy the shares of Britannia Industries Limited by registering at 5Paisa and setting up a Demat account in your name.

What is the net profit of Britannia Industries Limited in 2022?

The net profit of Britannia Industries Limited in 2022 is INR 1603 crores.

Who is the biggest competitor of Britannia Industries Ltd.?

Nestle India is the biggest competitor of Britannia Industries Ltd.

Q2FY23