Britannia Industries Limited

NSEI:BRITANNIA Stock Report

Market Cap: ₹1.2t

Britannia Industries Valuation

Is BRITANNIA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BRITANNIA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BRITANNIA (₹4803.35) is trading above our estimate of fair value (₹1908.39)

Significantly Below Fair Value: BRITANNIA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BRITANNIA?

Key metric: As BRITANNIA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BRITANNIA. This is calculated by dividing BRITANNIA's market cap by their current earnings.
What is BRITANNIA's PE Ratio?
PE Ratio54.3x
Earnings₹21.32b
Market Cap₹1.16t

Price to Earnings Ratio vs Peers

How does BRITANNIA's PE Ratio compare to its peers?

The above table shows the PE ratio for BRITANNIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average64.1x
TATACONSUM Tata Consumer Products
78.4x21.7%₹902.1b
531642 Marico
48.2x10.3%₹765.0b
500790 Nestlé India
65.9x9.2%₹2.1t
PATANJALI Patanjali Foods
64x33.3%₹635.9b
BRITANNIA Britannia Industries
54.3x11.8%₹1.2t

Price-To-Earnings vs Peers: BRITANNIA is good value based on its Price-To-Earnings Ratio (54.3x) compared to the peer average (64.1x).

Price to Earnings Ratio vs Industry

How does BRITANNIA's PE Ratio compare vs other companies in the IN Food Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
539594 Mishtann Foods
4.1xn/aUS$177.02m
ZUARIIND Zuari Industries
1.2xn/aUS$109.81m
SARVESHWAR Sarveshwar Foods
3.1xn/aUS$101.71m
507315 Sakthi Sugars
4.4xn/aUS$43.51m
BRITANNIA 54.3xIndustry Avg. 24.3xNo. of Companies26PE020406080100+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BRITANNIA is expensive based on its Price-To-Earnings Ratio (54.3x) compared to the Indian Food industry average (24.3x).

Price to Earnings Ratio vs Fair Ratio

What is BRITANNIA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BRITANNIA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio54.3x
Fair PE Ratio39.7x

Price-To-Earnings vs Fair Ratio: BRITANNIA is expensive based on its Price-To-Earnings Ratio (54.3x) compared to the estimated Fair Price-To-Earnings Ratio (39.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BRITANNIA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹4,803.35
₹5,517.94
+14.9%
8.2%₹6,590.00₹4,700.00n/a35
Nov ’25₹5,693.05
₹5,998.69
+5.4%
9.5%₹7,150.00₹4,750.00n/a35
Oct ’25₹6,446.05
₹5,947.49
-7.7%
9.5%₹7,150.00₹4,750.00n/a35
Sep ’25₹5,855.25
₹5,885.91
+0.5%
8.7%₹7,010.00₹4,750.00n/a35
Aug ’25₹5,730.15
₹5,475.63
-4.4%
7.0%₹6,250.00₹4,500.00n/a35
Jul ’25₹5,476.50
₹5,453.97
-0.4%
7.1%₹6,250.00₹4,500.00n/a35
Jun ’25₹5,179.80
₹5,416.40
+4.6%
6.8%₹6,000.00₹4,500.00n/a35
May ’25₹4,775.95
₹5,314.60
+11.3%
7.1%₹6,000.00₹4,500.00n/a35
Apr ’25₹4,895.20
₹5,322.17
+8.7%
7.0%₹6,000.00₹4,650.00n/a36
Mar ’25₹4,927.70
₹5,322.17
+8.0%
7.0%₹6,000.00₹4,650.00n/a36
Feb ’25₹5,148.60
₹5,143.91
-0.09%
6.1%₹5,932.00₹4,650.00n/a35
Jan ’25₹5,319.80
₹5,023.77
-5.6%
5.7%₹5,844.00₹4,350.00n/a35
Dec ’24₹4,970.75
₹5,023.77
+1.1%
5.7%₹5,844.00₹4,350.00n/a35
Nov ’24₹4,397.30
₹5,038.91
+14.6%
6.4%₹5,844.00₹4,350.00₹5,693.0535
Oct ’24₹4,537.15
₹5,044.57
+11.2%
7.4%₹5,870.00₹4,250.00₹6,446.0535
Sep ’24₹4,484.35
₹5,044.57
+12.5%
7.4%₹5,870.00₹4,250.00₹5,855.2535
Aug ’24₹4,817.35
₹5,193.74
+7.8%
6.9%₹5,940.00₹4,390.00₹5,730.1534
Jul ’24₹5,024.55
₹5,161.12
+2.7%
7.1%₹5,940.00₹4,250.00₹5,476.5033
Jun ’24₹4,635.25
₹5,111.13
+10.3%
7.1%₹5,940.00₹4,250.00₹5,179.8032
May ’24₹4,553.55
₹4,901.03
+7.6%
7.6%₹5,640.00₹4,030.00₹4,775.9532
Apr ’24₹4,322.15
₹4,897.53
+13.3%
7.8%₹5,640.00₹4,060.00₹4,895.2032
Mar ’24₹4,379.80
₹4,799.14
+9.6%
9.7%₹5,640.00₹3,730.00₹4,927.7036
Feb ’24₹4,370.95
₹4,454.51
+1.9%
8.3%₹5,200.00₹3,730.00₹5,148.6035
Jan ’24₹4,307.45
₹4,380.46
+1.7%
10.2%₹5,200.00₹2,896.00₹5,319.8035
Dec ’23₹4,401.25
₹4,325.03
-1.7%
9.3%₹5,090.00₹2,896.00₹4,970.7537
Nov ’23₹3,788.00
₹3,934.63
+3.9%
8.0%₹4,620.00₹2,896.00₹4,397.3035

Analyst Forecast: Target price is less than 20% higher than the current share price.

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