Does Britannia Industries (NSE:BRITANNIA) Deserve A Spot On Your Watchlist?
Nov 28
Indian (NIFTY) Food Industry Analysis
UpdatedDec 04, 2023
DataAggregated Company Financials
Companies232
- 7D2.3%
- 3M6.6%
- 1Y10.3%
- YTD12.7%
In the last week, the Food industry is up 2.3%, with Britannia Industries up 6.3%. Meanwhile, Tasty Bite Eatables actually underperformed within the industry, shrinking 7.4% in the last week. This takes the industry's 12 month performance to a gain of 10%. Earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Indian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 Dec 2023 | ₹8.5t | ₹3.5t | ₹146.4b | 28x | 58.2x | 2.5x |
| Thu, 02 Nov 2023 | ₹8.1t | ₹3.5t | ₹140.0b | 26.7x | 58.1x | 2.4x |
| Sat, 30 Sep 2023 | ₹8.1t | ₹3.4t | ₹150.0b | 27.9x | 53.9x | 2.4x |
| Mon, 28 Aug 2023 | ₹8.0t | ₹3.4t | ₹149.9b | 24.5x | 53.1x | 2.3x |
| Wed, 26 Jul 2023 | ₹8.1t | ₹3.4t | ₹150.5b | 24.9x | 53.8x | 2.4x |
| Fri, 23 Jun 2023 | ₹7.9t | ₹3.4t | ₹155.7b | 24.7x | 50.8x | 2.3x |
| Sun, 21 May 2023 | ₹7.4t | ₹3.4t | ₹170.6b | 23.2x | 43.1x | 2.2x |
| Tue, 18 Apr 2023 | ₹7.0t | ₹3.3t | ₹158.8b | 21.5x | 44.3x | 2.1x |
| Thu, 16 Mar 2023 | ₹6.7t | ₹3.3t | ₹156.7b | 20.3x | 43x | 2.1x |
| Sat, 11 Feb 2023 | ₹7.1t | ₹3.3t | ₹155.2b | 24x | 45.8x | 2.2x |
| Mon, 09 Jan 2023 | ₹7.5t | ₹3.2t | ₹144.3b | 25.1x | 51.7x | 2.3x |
| Wed, 07 Dec 2022 | ₹7.7t | ₹3.2t | ₹144.2b | 25.1x | 53.4x | 2.4x |
| Fri, 04 Nov 2022 | ₹7.5t | ₹3.1t | ₹132.5b | 19.7x | 56.4x | 2.4x |
| Sun, 02 Oct 2022 | ₹7.5t | ₹3.1t | ₹131.0b | 20.4x | 57.3x | 2.4x |
| Tue, 30 Aug 2022 | ₹7.3t | ₹3.1t | ₹130.1b | 20.5x | 55.8x | 2.3x |
| Thu, 28 Jul 2022 | ₹7.0t | ₹3.0t | ₹131.0b | 23x | 53.7x | 2.4x |
| Sat, 25 Jun 2022 | ₹6.5t | ₹3.0t | ₹141.4b | 22.5x | 46x | 2.2x |
| Mon, 23 May 2022 | ₹6.9t | ₹2.9t | ₹147.2b | 22.7x | 46.9x | 2.4x |
| Wed, 20 Apr 2022 | ₹7.0t | ₹2.9t | ₹144.1b | 23.6x | 48.7x | 2.5x |
| Fri, 18 Mar 2022 | ₹6.6t | ₹2.8t | ₹143.5b | 21.3x | 45.7x | 2.3x |
| Sun, 13 Feb 2022 | ₹6.4t | ₹2.8t | ₹145.4b | 21.4x | 43.9x | 2.3x |
| Tue, 11 Jan 2022 | ₹5.6t | ₹2.2t | ₹124.6b | 19.8x | 44.9x | 2.6x |
| Thu, 09 Dec 2021 | ₹5.5t | ₹2.2t | ₹124.6b | 17.1x | 43.8x | 2.5x |
| Sat, 06 Nov 2021 | ₹5.6t | ₹2.1t | ₹124.2b | 17.2x | 44.7x | 2.6x |
| Mon, 04 Oct 2021 | ₹5.7t | ₹2.1t | ₹120.5b | 16.6x | 47.7x | 2.7x |
| Wed, 01 Sep 2021 | ₹5.7t | ₹2.1t | ₹106.0b | 17.8x | 54.2x | 2.7x |
| Thu, 08 Jul 2021 | ₹5.8t | ₹2.2t | ₹117.6b | 18.3x | 49.5x | 2.7x |
| Wed, 31 Mar 2021 | ₹5.0t | ₹2.1t | ₹116.8b | 14.1x | 43x | 2.4x |
| Sat, 02 Jan 2021 | ₹5.1t | ₹2.0t | ₹104.7b | 17.9x | 48.9x | 2.6x |
Price to Earnings Ratio
48.9x
Current Industry PE
- Investors are optimistic on the Indian Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 58.2x which is higher than its 3-year average PE of 48.9x.
- The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 5.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 21% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Indian Consumer Staples industry?
| IN Market | 2.45% | |
| Consumer Staples | 2.15% | |
| Food | 2.27% | |
| Packaged Foods and Meats | 2.35% | |
| Agricultural Products | 0.38% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 50.6x.
- Analysts expect its future annual earnings growth (18.4%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 18% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BRITANNIA Britannia Industries | ₹4.94k | 6.3% +₹70.7b | 12.1% | PE46.9x | |
| PATANJALI Patanjali Foods | ₹1.44k | 8.2% +₹39.3b | 9.2% | PE59.5x | |
| AWL Adani Wilmar | ₹346.25 | 9.2% +₹38.1b | -45.9% | PE345.8x | |
| 500790 Nestlé India | ₹24.40k | 1.1% +₹25.6b | 23.5% | PE79.2x | |
| TATACONSUM Tata Consumer Products | ₹946.65 | 2.1% +₹18.3b | 18.3% | PE69x |