| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
BRITANNIA Overview
Britannia Industries Limited manufactures and sells various food products primarily in India.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹3,690.00 |
| 52 Week High | ₹3,317.30 |
| 52 Week Low | ₹4,153.00 |
| Beta | 0.45 |
| 1 Month Change | -8.73% |
| 3 Month Change | 5.97% |
| 1 Year Change | 6.35% |
| 3 Year Change | 38.71% |
| 5 Year Change | 122.58% |
| Change since IPO | 5,027.85% |
Recent News & Updates
Here's Why Britannia Industries (NSE:BRITANNIA) Can Manage Its Debt Responsibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Britannia Industries Limited's (NSE:BRITANNIA) CEO Compensation Looks Acceptable To Us And Here's Why
Under the guidance of CEO Varun Berry, Britannia Industries Limited ( NSE:BRITANNIA ) has performed reasonably well...
Many Would Be Envious Of Britannia Industries' (NSE:BRITANNIA) Excellent Returns On Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Shareholder Returns
| BRITANNIA | IN Food | IN Market | |
|---|---|---|---|
| 7D | -5.3% | -4.4% | -3.1% |
| 1Y | 6.3% | 34.0% | 61.0% |
Return vs Industry: BRITANNIA underperformed the Indian Food industry which returned 34% over the past year.
Return vs Market: BRITANNIA underperformed the Indian Market which returned 61% over the past year.
Price Volatility
| BRITANNIA volatility | |
|---|---|
| BRITANNIA Beta | 0.45 |
| Industry Beta | 0.67 |
| Market Beta | 1 |
Stable Share Price: BRITANNIA is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: BRITANNIA's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1892 | 4,499 | Varun Berry | https://britannia.co.in |
Britannia Industries Limited manufactures and sells various food products primarily in India. It offers bakery products, such as biscuits, bread, cakes, and rusk; dairy products, including milk-based beverages, cheese, dahi, and dairy whiteners; and cream wafers, center filled croissants, and salted snacks. The company primarily offers its biscuits under the Good Day, Crackers, NutriChoice, Marie Gold, Tiger, Milk Bikis, Jim Jam + Treat, Bourbon, Little Hearts, Pure Magic, and Nice Time brand names; and cakes under the Gobbles, Tiffin Fun, Nut & Raisin, Muffills, Layerz, Rollyo, and fudgeit brand names, as well as center filled croissants under the Treat brand.
Britannia Industries Fundamentals Summary
| BRITANNIA fundamental statistics | |
|---|---|
| Market Cap | ₹888.80b |
| Earnings (TTM) | ₹17.08b |
| Revenue (TTM) | ₹131.19b |
52.0x
P/E Ratio6.8x
P/S RatioIs BRITANNIA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BRITANNIA income statement (TTM) | |
|---|---|
| Revenue | ₹131.19b |
| Cost of Revenue | ₹77.17b |
| Gross Profit | ₹54.02b |
| Expenses | ₹36.94b |
| Earnings | ₹17.08b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 70.90 |
| Gross Margin | 41.18% |
| Net Profit Margin | 13.02% |
| Debt/Equity Ratio | 58.2% |
How did BRITANNIA perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield204%
Payout RatioValuation
Is Britannia Industries undervalued compared to its fair value and its price relative to the market?
52.05x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BRITANNIA (₹3690) is trading above our estimate of fair value (₹1685.16)
Significantly Below Fair Value: BRITANNIA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BRITANNIA is poor value based on its PE Ratio (52x) compared to the Indian Food industry average (16.9x).
PE vs Market: BRITANNIA is poor value based on its PE Ratio (52x) compared to the Indian market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: BRITANNIA is poor value based on its PEG Ratio (3.9x)
Price to Book Ratio
PB vs Industry: BRITANNIA is overvalued based on its PB Ratio (25.1x) compared to the IN Food industry average (1.7x).
Future Growth
How is Britannia Industries forecast to perform in the next 1 to 3 years based on estimates from 31 analysts?
13.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BRITANNIA's forecast earnings growth (13.4% per year) is above the savings rate (6.7%).
Earnings vs Market: BRITANNIA's earnings (13.4% per year) are forecast to grow slower than the Indian market (19.3% per year).
High Growth Earnings: BRITANNIA's earnings are forecast to grow, but not significantly.
Revenue vs Market: BRITANNIA's revenue (9.9% per year) is forecast to grow slower than the Indian market (13% per year).
High Growth Revenue: BRITANNIA's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BRITANNIA's Return on Equity is forecast to be very high in 3 years time (50%).
Past Performance
How has Britannia Industries performed over the past 5 years?
18.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRITANNIA has high quality earnings.
Growing Profit Margin: BRITANNIA's current net profit margins (13%) are lower than last year (13.8%).
Past Earnings Growth Analysis
Earnings Trend: BRITANNIA's earnings have grown by 18% per year over the past 5 years.
Accelerating Growth: BRITANNIA's earnings growth over the past year (0.6%) is below its 5-year average (18% per year).
Earnings vs Industry: BRITANNIA earnings growth over the past year (0.6%) underperformed the Food industry 14.5%.
Return on Equity
High ROE: BRITANNIA's Return on Equity (47.3%) is considered outstanding.
Financial Health
How is Britannia Industries's financial position?
Financial Position Analysis
Short Term Liabilities: BRITANNIA's short term assets (₹44.2B) exceed its short term liabilities (₹36.1B).
Long Term Liabilities: BRITANNIA's short term assets (₹44.2B) exceed its long term liabilities (₹8.1B).
Debt to Equity History and Analysis
Debt Level: BRITANNIA's debt to equity ratio (58.2%) is considered high.
Reducing Debt: BRITANNIA's debt to equity ratio has increased from 8.1% to 58.2% over the past 5 years.
Debt Coverage: BRITANNIA's debt is well covered by operating cash flow (88.7%).
Interest Coverage: BRITANNIA's interest payments on its debt are well covered by EBIT (91.3x coverage).
Balance Sheet
Dividend
What is Britannia Industries's current dividend yield, its reliability and sustainability?
3.93%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BRITANNIA's dividend (3.93%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).
High Dividend: BRITANNIA's dividend (3.93%) is in the top 25% of dividend payers in the Indian market (1.41%)
Stability and Growth of Payments
Stable Dividend: BRITANNIA's dividends per share have been stable in the past 10 years.
Growing Dividend: BRITANNIA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (204.5%), BRITANNIA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BRITANNIA's dividends in 3 years are forecast to be covered by earnings (62.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Varun Berry (60 yo)
7.5yrs
Tenure
₹105,198,909
Compensation
Mr. Varun Berry is a Director at Go Airlines (India) Ltd. since September 25, 2017. He has been the Managing Director of Britannia Industries Limited since April 1, 2014 and served as its Chief Operating O...
CEO Compensation Analysis
Compensation vs Market: Varun's total compensation ($USD1.40M) is about average for companies of similar size in the Indian market ($USD1.15M).
Compensation vs Earnings: Varun's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: BRITANNIA's management team is considered experienced (2.9 years average tenure).
Board Members
Experienced Board: BRITANNIA's board of directors are considered experienced (6.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Britannia Industries Limited's employee growth, exchange listings and data sources
Key Information
- Name: Britannia Industries Limited
- Ticker: BRITANNIA
- Exchange: NSEI
- Founded: 1892
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: ₹888.804b
- Shares outstanding: 240.87m
- Website: https://britannia.co.in
Number of Employees
Location
- Britannia Industries Limited
- The Business Precinct, Tower C
- 16th & 17th Floor
- Bengaluru
- Karnataka
- 560048
- India
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/24 12:06 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.