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.

Discounted Cash Flow
Simply Wall St
₹1.92k
Fair Value
158.1% overvalued intrinsic discount
35
Number of Analysts

Below Fair Value: BRITANNIA (₹4956.05) is trading above our estimate of fair value (₹1920.51)

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 Ratio56x
Earnings₹21.32b
Market Cap₹1.19t

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 Average68.5x
TATACONSUM Tata Consumer Products
88x22.8%₹1.0t
531642 Marico
53.4x10.5%₹856.3b
500790 Nestlé India
66.2x9.0%₹2.2t
PATANJALI Patanjali Foods
66.3x33.3%₹659.3b
BRITANNIA Britannia Industries
56x11.5%₹1.2t

Price-To-Earnings vs Peers: BRITANNIA is good value based on its Price-To-Earnings Ratio (56x) compared to the peer average (68.5x).

Price to Earnings Ratio vs Industry

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

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZUARIIND Zuari Industries
1.2xn/aUS$98.45m
539594 Mishtann Foods
1.8xn/aUS$75.06m
507315 Sakthi Sugars
3.9xn/aUS$36.97m
506166 APIS India
4.8xn/aUS$17.00m
BRITANNIA 56.0xIndustry Avg. 22.5xNo. of Companies28PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BRITANNIA is expensive based on its Price-To-Earnings Ratio (56x) compared to the Indian Food industry average (22.5x).

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 Ratio56x
Fair PE Ratio33.4x

Price-To-Earnings vs Fair Ratio: BRITANNIA is expensive based on its Price-To-Earnings Ratio (56x) compared to the estimated Fair Price-To-Earnings Ratio (33.4x).

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₹4,956.05
₹5,407.60
+9.1%
8.9%₹6,590.00₹4,500.00n/a35
Jan ’26₹4,794.75
₹5,477.94
+14.2%
8.0%₹6,590.00₹4,700.00n/a35
Dec ’25₹4,941.15
₹5,517.94
+11.7%
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₹4,650.00₹5,201.3535
Jan ’25₹5,319.80
₹5,023.77
-5.6%
5.7%₹5,844.00₹4,350.00₹4,794.7535
Dec ’24₹4,970.75
₹5,023.77
+1.1%
5.7%₹5,844.00₹4,350.00₹4,941.1535
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
₹4,827.97
+10.2%
9.1%₹5,640.00₹3,730.00₹4,927.7035
Feb ’24₹4,370.95
₹4,474.06
+2.4%
7.9%₹5,200.00₹3,730.00₹5,148.6034
Analyst Price Target
Consensus Narrative from 35 Analysts
₹5.41k
Fair Value
8.4% undervalued intrinsic discount
35
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 18:11
End of Day Share Price 2025/02/06 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Britannia Industries Limited is covered by 66 analysts. 35 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nihal JhamAmbit Capital
Nitin BhasinAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited