Britannia Industries Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Investors in Britannia Industries Limited (NSE:BRITANNIA) had a good week, as its shares rose 5.5% to close at ₹6,158 following the release of its half-year results. Britannia Industries reported ₹95b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of ₹27.17 beat expectations, being 7.5% higher than what the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Taking into account the latest results, the most recent consensus for Britannia Industries from 32 analysts is for revenues of ₹194.8b in 2026. If met, it would imply a modest 5.7% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to increase 7.5% to ₹103. In the lead-up to this report, the analysts had been modelling revenues of ₹195.5b and earnings per share (EPS) of ₹103 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

Check out our latest analysis for Britannia Industries

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹6,235. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Britannia Industries, with the most bullish analyst valuing it at ₹8,050 and the most bearish at ₹5,250 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Britannia Industries shareholders.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Britannia Industries' rate of growth is expected to accelerate meaningfully, with the forecast 12% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 7.9% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.9% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Britannia Industries is expected to grow at about the same rate as the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at ₹6,235, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Britannia Industries going out to 2028, and you can see them free on our platform here.

Before you take the next step you should know about the 1 warning sign for Britannia Industries that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.