One of India’s top food businesses, Britannia Industries Limited has a significant market share in the baking and dairy industries. The business has a long, illustrious history and is well-known for its renowned brand, Britannia, which is well-known throughout India. Britannia Industries has experienced impressive growth in recent years and has managed to hold onto its position as one of the best-performing businesses in the food sector.
Investors frequently want to know the company’s future prospects, particularly in terms of the share price. In order to estimate Britannia Industries’ share price target for the foreseeable future, we will examine the company’s finances, growth prospects, and numerous market aspects in this article.
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BRITANNIA IN RECENT NEWS
- Following CLSA’s downgrade of Tiger biscuit maker Britannia to ‘sell’ and a reduction of its target by Rs 465, the company’s shares experienced a decline.
- Britannia’s shares witnessed a 2% decrease after CLSA’s strong criticism and ‘sell’ rating.
BRITANNIA SHARE PRICE TARGET 2023
|BRITANNIA SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
The predicted share prices of Britannia Industries for 2023, the company’s shares are expected to experience a bullish uptrend in the upcoming year. The table indicates that the share prices are likely to increase steadily from March 2023, with a maximum price of ₹4,281.20 and a minimum price of ₹3,293.23. The predicted growth percentage indicates a gradual increase in share prices, with a growth rate of 20% in August 2023, and a further increase to 45% in December 2023, with a maximum price of ₹7,658.48 and a minimum price of ₹5,891.14.
BRITANNIA SHARE PRICE TARGET 2024
|BRITANNIA SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The predicted share prices of Britannia Industries for 2024 indicates that the company’s shares are likely to continue experiencing a bullish trend. The maximum and minimum share prices predicted for 2024 are ₹10,722.21 and ₹1,037.03, respectively. The share prices are expected to reach their peak in December 2024, with a maximum price of ₹10,722.21 and a minimum price of ₹8,247.86.
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BRITANNIA SHARE PRICE TARGET 2025
|BRITANNIA SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
Britannia Industries Ltd’s stock price is expected to see a steady uptrend in 2025, as per the given data. The maximum price target for January 2025 is ₹10,936.66, whereas the minimum price target is ₹8,412.81. The stock price is expected to continue to rise over the months, with a maximum target of ₹13,006.21 in December 2025 and a minimum target of ₹10,004.78 in the same month. Overall, the growth percentage for the year looks promising, indicating that the company’s stock is likely to remain bullish, presenting a potentially profitable investment opportunity for the investors.
BRITANNIA SHARE PRICE TARGET 2026 TO 2030
|BRITANNIA SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
Looking ahead to the coming years, the outlook for Britannia Industries appears to be largely positive. According to the data, the maximum price target for 2026 is ₹9,104.35 and the minimum is ₹6,373.04. For 2027, the maximum price target is ₹7,738.70 and the minimum is ₹5,417.09. However, by 2028, the maximum price target jumps to ₹13,929.65 with a minimum of ₹9,750.76, indicating a bullish trend in the long term. By 2029, the maximum price target is predicted to soar to ₹28,613.67 with a minimum of ₹20,029.57, marking an impressive growth percentage over the years. Finally, the year 2030 is predicted to see the maximum price target reach ₹31,865.22, with a minimum of ₹22,305.65. These projections suggest a strong uptrend in the Britannia Industries share price, making it an appealing option for investors looking for long-term growth opportunities.
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FINANCIAL STRENGTH OF BRITANNIA INDUSTRIES LTD (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Revenue Growth (%)||6.77||13.22||5.49||11.71||9.51|
|Total Expenses Growth (%)||12.29||9.16||5.54||10.86||8.37|
|Profit after Tax (PAT)||1,524.82||1,863.90||1,402.63||1,159.12||1,004.23|
|PAT Growth (%)||-18.19||32.89||21.01||15.42||13.54|
|Operating Profit Margin (%)||15.73||19.97||16.70||16.08||15.39|
|Net Profit Margin (%)||10.78||14.18||12.09||10.48||10.12|
|Basic EPS (₹)||63.31||77.43||58.35||48.25||83.65|
According to Britannia’s financial statements for the last five years, the company has shown steady growth in its revenue and profits. The company’s total revenue has increased from ₹10,080.36 crores in FY 2018 to ₹14,359.09 crores in FY 2022, representing a compound annual growth rate (CAGR) of 10.98%. Similarly, the company’s profit after tax (PAT) has also shown an increasing trend over the last five years, with a CAGR of 7.74% from FY 2018 to FY 2022. However, the PAT growth rate has been inconsistent, with a decline of 18.19% in FY 2022, after a 32.89% increase in the previous year.
The company’s operating profit margin has remained relatively stable, hovering around 15-20%, with the highest being 19.97% in FY 2021. Meanwhile, the net profit margin has ranged from 10-14%, with the highest being 14.18% in FY 2021. The basic earnings per share (EPS) have also shown a fluctuating trend, with a minimum of ₹48.25 in FY 2019 and a maximum of ₹83.65 in FY 2018.
Britannia’s total expenses have also increased over the years, from ₹8,562.00 crores in FY 2018 to ₹12,279.58 crores in FY 2022, indicating a CAGR of 9.49%. The company’s total revenue growth rate has been positive, except for FY 2020, which saw a growth rate of only 5.49%. However, the company bounced back with a revenue growth rate of 13.22% in FY 2021.
Overall, Britannia has shown consistent growth in its revenue and profits over the years, despite some fluctuations in PAT growth rate and EPS. The company’s operating and net profit margins have remained relatively stable, while its total expenses have also increased in tandem with its revenue growth.
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The maximum share price target of Britannia in 2028 is Rs. 13929.65
The maximum share price target of Britannia in 2029 is Rs. 28 613.67
The maximum share price target of Britannia in 2030 is Rs. 31865.22
CONCLUSION: BRITANNIA INDUSTRIES LTD
According to Britannia’s financial statements for the previous five years, both company sales and profit have consistently increased. In comparison to the prior year, the company’s FY 2022 PAT of 1,524.82 crores and sales increase of 6.77% both represent a substantial improvement. The company has demonstrated consistent profit growth over the past few years, despite a decline in PAT growth rate in FY 2022. Also, the operational profit margin has continuously exceeded 15%, demonstrating the organization’s effective cost control. Britannia appears to be a well-run, steady business based on its financial results.
For those wishing to make long-term investments, Britannia shares can be a wise choice given the company’s steady growth and financial stability.