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    Britannia Industries Limited

    Maker of Good Day, Marie Gold and Bourbon biscuits, plus bread, cake, rusk, dairy and cheese, since 1918.

    Fast Moving Consumer Goods
    Fast Moving Consumer Goods
    View BRITANNIA earnings calls
    ₹5,412.5
    +2.00% from avg

    Overview

    Price

    ₹5,412.5

    Market Cap

    ₹1.3L Cr

    Sector

    Fast Moving Consumer Goods

    Fast Moving Consumer Goods

    Rank

    3

    Performance

    Explore BRITANNIA

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2424242424242424
    Reserves4.4k3.5k2.5k3.5k3.9k4.3k3.7k5.1k
    Borrowings1.5k2.1k2.5k3.0k2.1k1.2k2.2k1.4k
    Other Liabilities1.9k2.3k2.5k2.8k3.1k3.2k3.5k3.2k
    Total Liabilities7.8k8.0k7.5k9.4k9.1k8.8k9.4k9.7k
    AssetsFixed Assets1.9k1.8k1.8k2.7k2.8k2.9k2.9k2.9k
    CWIP40117536105188897339
    Investments2.9k2.8k1.8k3.3k2.8k2.9k2.3k3.6k
    Other Assets3.0k3.3k3.5k3.3k3.3k3.0k4.2k3.2k
    Total Assets7.8k8.0k7.5k9.4k9.1k8.8k9.4k9.7k

    Valuation

    Assumptions

    Current — BRITANNIA
    Price
    ₹5,413
    EPS (TTM)
    ₹105.18
    PE (TTM)
    51.5
    Profit growth
    9.3%
    ₹

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (58.5×) and current (51.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹5,413
    vs
    Fair value · 15% return
    ₹3,590
    34%Overvalued

    At 9.3% growth and a 51× exit, ₹5413 only delivers your return if you pay ₹3,590. The price is currently baking in 18% growth.

    EPS grows 9.3%/yr for 5 years, then fades to 6% over 2, exits at 51×.

    YearGrowthEPS (₹)
    FY279.3%114.96
    FY289.3%125.65
    FY299.3%137.34
    FY309.3%150.11
    FY319.3%164.07
    FY327.7% ·fade176.62
    FY336.0% ·fade187.22

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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