Britannia Industries, incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 103961.17 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 4432.85 Crore, up 18.01 % from last quarter Total Income of Rs 3756.46 Crore and up 21.09 % from last year same quarter Total Income of Rs 3660.77 Crore. Company has reported net profit after tax of Rs 490.52 Crore in latest quarter.
Investment Rationale
The brokerage is of the view that while the dairy business of Britannia constituted a small part of overall sales, the JV with French cheese maker Bel provides additional funding to the company's erstwhile 100% owned Dairy business and a host of global brands and domain knowledge from Bel’s portfolio. This development is likely to spur the business to scale up faster than that in the past.
Promoter/FII Holdings
Promoters held 50.55 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.65 per cent, DIIs 8.67 per cent.
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