Britannia Industries Ltd

Britannia Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Britannia Industries Ltd

₹ 4,828 -1.28%
12 Dec 4:00 p.m.
britannia.co.in BSE: 500825 NSE: BRITANNIA
About

Britannia Industries is one of Indias leading food companies with a 100 year legacy and annual revenues in excess of Rs. 9000 Cr. Britannia is among the most trusted food brands, and manufactures Indias favorite brands like Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold which are household names in India. Britannias product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt.

Key Points

Part of Wadia Group[1]
Britannia Industries belongs to the Wadia Group, a reputed Indian Business house who has presence in wide range of business segments like Airlines (Go Air), Realty ( Bombay Realty), Textiles ( Bombay Dyeing) and Plantations and other business (Bombay Burmah trading Corporation which is also the Ultimate holding company of Britannia Industries)

Website BSE NSE
  • Market Cap ₹ 1,16,269 Cr.
  • Current Price ₹ 4,828
  • High / Low ₹ 6,473 / 4,641
  • Stock P/E 54.1
  • Book Value ₹ 133
  • Dividend Yield 1.52 %
  • ROCE 48.9 %
  • ROE 57.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 57.8%
  • Company has been maintaining a healthy dividend payout of 82.2%

Cons

  • Stock is trading at 36.2 times its book value
  • The company has delivered a poor sales growth of 8.69% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Food - Processing - MNC

Part of Nifty 50 BSE 500 BSE Fast Moving Consumer Goods BSE 100 BSE 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3,607 3,575 3,550 3,701 4,380 4,197 4,023 4,011 4,433 4,256 4,069 4,250 4,668
3,049 3,036 3,001 3,200 3,668 3,379 3,222 3,322 3,562 3,437 3,286 3,497 3,888
Operating Profit 558 539 550 501 712 818 801 689 871 820 784 753 780
OPM % 15% 15% 15% 14% 16% 19% 20% 17% 20% 19% 19% 18% 17%
54 54 54 56 53 428 60 57 52 48 57 31 46
Interest 39 37 34 42 54 38 35 53 53 31 26 29 35
Depreciation 50 50 51 51 52 58 65 71 72 78 80 74 76
Profit before tax 523 505 519 463 659 1,149 761 622 799 758 735 681 715
Tax % 27% 27% 27% 28% 26% 19% 27% 27% 27% 27% 27% 26% 26%
382 369 378 336 491 932 558 455 586 556 537 505 532
EPS in Rs 15.95 15.41 15.77 14.01 20.48 38.71 23.19 19.00 24.39 23.10 22.35 20.99 22.06
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6,185 6,913 7,858 8,397 9,054 9,914 11,055 11,600 13,136 14,136 16,301 16,769 17,244
5,765 6,286 6,988 7,174 7,776 8,413 9,322 9,756 10,627 11,935 13,470 13,603 14,107
Operating Profit 421 627 870 1,224 1,278 1,501 1,732 1,843 2,509 2,201 2,831 3,167 3,136
OPM % 7% 9% 11% 15% 14% 15% 16% 16% 19% 16% 17% 19% 18%
52 34 228 115 151 166 206 263 313 222 597 211 182
Interest 41 8 4 5 5 8 9 77 111 144 169 164 121
Depreciation 73 83 144 113 119 142 162 185 198 201 226 300 308
Profit before tax 358 569 950 1,220 1,304 1,518 1,768 1,844 2,514 2,078 3,033 2,913 2,889
Tax % 27% 30% 28% 32% 32% 34% 35% 24% 26% 27% 24% 27%
260 395 689 825 885 1,004 1,155 1,394 1,851 1,516 2,316 2,134 2,129
EPS in Rs 10.85 16.48 28.71 34.36 36.85 41.83 48.23 58.33 77.38 63.31 96.39 88.84 88.50
Dividend Payout % 39% 36% 28% 29% 30% 30% 31% 60% 204% 89% 75% 83%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 8%
TTM: 3%
Compounded Profit Growth
10 Years: 19%
5 Years: 13%
3 Years: 5%
TTM: -4%
Stock Price CAGR
10 Years: 18%
5 Years: 10%
3 Years: 10%
1 Year: -2%
Return on Equity
10 Years: 44%
5 Years: 49%
3 Years: 58%
Last Year: 57%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 24 24 24 24 24 24 24 24 24 24 24 24 24
Reserves 534 774 1,221 2,068 2,672 3,382 4,229 4,379 3,524 2,534 3,510 3,917 3,186
380 150 145 131 125 201 156 1,538 2,122 2,481 2,997 2,065 2,754
946 1,159 1,403 1,271 1,288 1,581 1,829 1,889 2,331 2,487 2,819 3,065 3,503
Total Liabilities 1,883 2,107 2,793 3,494 4,109 5,188 6,238 7,830 8,000 7,527 9,351 9,072 9,467
737 848 844 950 1,160 1,346 1,688 1,878 1,793 1,753 2,655 2,771 2,950
CWIP 147 107 48 90 30 203 101 40 117 536 105 188 56
Investments 108 198 518 788 487 1,079 1,476 2,893 2,781 1,762 3,324 2,767 2,368
891 954 1,383 1,665 2,432 2,560 2,972 3,019 3,310 3,475 3,266 3,346 4,092
Total Assets 1,883 2,107 2,793 3,494 4,109 5,188 6,238 7,830 8,000 7,527 9,351 9,072 9,467

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
320 671 584 959 441 1,249 1,156 1,485 1,876 1,300 2,526 2,573
28 -246 -450 -705 -150 -957 -852 -1,526 433 914 -1,507 477
-378 -357 -181 -246 -295 -232 -353 58 -2,242 -2,246 -1,028 -2,830
Net Cash Flow -30 68 -47 8 -4 60 -49 17 66 -32 -9 219

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 7 6 6 7 7 11 13 10 7 9 7 9
Inventory Days 35 37 31 32 43 39 43 39 52 57 45 45
Days Payable 37 49 55 56 49 59 63 55 63 55 55 63
Cash Conversion Cycle 5 -6 -17 -16 1 -9 -7 -6 -3 10 -2 -9
Working Capital Days -15 -19 -17 -1 32 20 29 22 15 15 1 -5
ROCE % 39% 59% 66% 68% 52% 47% 44% 37% 45% 41% 49% 49%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.55% 50.55% 50.55% 50.55% 50.55% 50.55% 50.55% 50.55% 50.55% 50.55% 50.55% 50.55%
17.59% 17.17% 16.65% 17.18% 18.46% 19.44% 21.29% 19.66% 18.99% 18.23% 17.41% 17.91%
11.53% 7.94% 8.74% 16.12% 15.08% 14.22% 12.46% 13.84% 14.84% 15.63% 16.69% 16.37%
20.34% 24.35% 24.06% 16.14% 15.90% 15.79% 15.69% 15.94% 15.62% 15.57% 15.36% 15.18%
No. of Shareholders 3,06,4653,29,9403,08,8052,86,8312,60,8362,60,2072,59,9492,84,8922,60,4442,63,6232,54,8152,51,851

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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