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Britannia Industries Ltd.
BRITANNIALarge CapNSEBSE
Consumer Staples · Fast Moving Consumer Goods
₹5,292.50down 5.50down 0.10 percentas of 28 Aug 2026
Book value ₹211.36Div yield 1.71%
Key metrics
- Market Cap
- 1,26,455.86 ₹ cr
- P/E
- 50.47 x
- P/B
- 25.04 x
- ROE
- 24.66%
- ROCE
- 27.74%
- Debt to Equity
- 0.40 x
- Net Margin
- 14.60%
- Dividend Yield
- 1.71%
- Revenue Growth (YoY)
- 8.17%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE above 20% in each of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue grew year-on-year in each of the last 3 years.
- Net margin declined year-on-year in 2 of the last 3 years.
- Promoter holding 50.5% (pledge data not available).
- Debt-to-equity 0.40 — below the Fast Moving Consumer Goods median of 0.42.
BRITANNIA
₹5,292.50down 0.10 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatHigh ROCE Compounder
57.78%ROCE
ROE: 49.61%·P/B: 25.04x
2. Forensic Health & SolvencyPiotroski 8/9 · Strong Health
8/9Piotroski Score
Altman: 5.3 (Safe Zone)
3. Valuation & DCF Spread-71.6% Valuation Premium
₹1,503DCF Fair Value
CMP: ₹5,292.5
4. Ownership & GovernanceClean Promoter Holding
50.55%Promoter Stake
Pledged: 0.0%·Inst: 25.65%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #17 of 29 in Consumer StaplesQVGM 43/100
Quality (Q)74
ROE, ROCE, Margins & Cash Conversion
Value (V)29
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)27
3Y Sales & EPS Compounded Growth
Momentum (M)32
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #17 of 29 in Consumer Staples
Valuation
Weak29/100
P/E Ratio:50.47x
P/B Ratio:25.04x
Dividend Yield:1.71%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Weak27/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Strong74/100
ROE:49.6%
ROCE:57.8%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Strong89/100
Piotroski F-Score:8/9
Altman Z-Score:5.31
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Weak32/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹5,064.00
From 52W High-16.00%
52-Week High₹6,300.50
Valuation MultiplesCash Flow & Yield
PEG Ratio6.23
Earnings Yield6.29%
Price / FCF37.44
FCF Yield2.67%
Payout Ratio27.19%
Net-Net Ratio-27.58
Solvency & SafetyPiotroski & Altman
Piotroski F-Score8/9
Altman Z-Score5.31
Graham Number₹1,258.22
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▼ 2.23%
DII Stake:▲ +1.86%
OPM Margin:▲ +0.87%
Net Margin:▲ +1.09%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▲ +5.96% | ▲ +8.17% | 6.74% | 5.52% | 7.83% |
| Net Profit Growth | ▼ 12.82% | ▲ +13.56% | 16.28% | 2.95% | 6.33% |
| EPS Growth | ▼ 12.82% | ▲ +13.55% | 17.02% | 8.10% | 6.63% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — BRITANNIA
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹1,539.8
Verdict:Overvalued (-70.9%)
Benjamin Graham Number
₹713.4
-86.5% vs CMPPeter Lynch Fair Value
₹574.0
-89.2% vs CMPReverse DCF Implied Growth
42.2% CAGR
Aggressive Expectations (Priced for Perfection)Valuation Spectrum PositioningCMP: ₹5,292.5
₹0 (Distress)CMP: ₹5,293DCF: ₹1,540Graham: ₹713
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹2,550 | 0.8969 | ₹2,287 |
| Year 2 | 6% | ₹2,703 | 0.8044 | ₹2,174 |
| Year 3 | 6% | ₹2,866 | 0.7214 | ₹2,067 |
| Year 4 | 6% | ₹3,038 | 0.6470 | ₹1,965 |
| Year 5 | 6% | ₹3,220 | 0.5803 | ₹1,868 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹1620 -69% | ₹1838 -65% | ₹1976 -63% | ₹2142 -60% | ₹2599 -51% |
| 11.0% | ₹1409 -73% | ₹1566 -70% | ₹1663 -69% | ₹1776 -66% | ₹2069 -61% |
| 11.5% | ₹1322 -75% | ₹1457 -72% | ₹1540 -71% | ₹1635 -69% | ₹1877 -65% |
| 12.0% | ₹1244 -76% | ₹1362 -74% | ₹1433 -73% | ₹1514 -71% | ₹1716 -68% |
| 13.0% | ₹1113 -79% | ₹1204 -77% | ₹1258 -76% | ₹1318 -75% | ₹1464 -72% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E50.47current
ReportedComputed, approximate
P/B25.04current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 50.47 | 25.04 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Buy(2.06 / 5)
Strong Buy:10
Buy:15
Hold:8
Sell:2
Strong Sell:0
Coverage: 35 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Moderate risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:21.72%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +19.81%
Mean Target₹6,341.00vs CMP ₹5,292.50
High Target₹7,260.00+37.2% max upside
Low Target₹5,000.00-5.5% downside
Median Target₹6,300.0035 estimates
Low: ₹5,000.00Mean: ₹6,341.00High: ₹7,260.00
Mean Target Current Price (₹5,292.50)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
₹23.23
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹19.00
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹24.41
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹22.35
Low:—
High:—
FY2025E9 Analysts
Mean Estimate
₹23.25
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹22.01
Low:—
High:—
FY2025E7 Analysts
Mean Estimate
₹22.07
Low:—
High:—
FY2025E6 Analysts
Mean Estimate
₹24.15
Low:—
High:—
FY2026E7 Analysts
Mean Estimate
₹28.16
Low:—
High:—
FY2026E5 Analysts
Mean Estimate
₹28.23
Low:—
High:—
FY2026E9 Analysts
Mean Estimate
₹27.17
Low:—
High:—
FY2026E7 Analysts
Mean Estimate
₹21.62
Low:—
High:—
FY2027E7 Analysts
Mean Estimate
₹24.55
Low:—
High:—
FY2027E4 Analysts
Mean Estimate
₹28.91
Low:₹27.00
High:₹31.00
FY2027E5 Analysts
Mean Estimate
₹30.02
Low:₹28.00
High:₹33.00
FY2027E4 Analysts
Mean Estimate
₹29.85
Low:₹28.00
High:₹31.00
FY2028E1 Analysts
Mean Estimate
₹32.83
Low:₹32.00
High:₹32.00
FY2028E1 Analysts
Mean Estimate
₹31.52
Low:₹31.00
High:₹31.00
FY2028E2 Analysts
Mean Estimate
₹30.88
Low:₹30.00
High:₹31.00
FY2028E1 Analysts
Mean Estimate
₹36.77
Low:₹36.00
High:₹36.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹23.23 | — | — | — |
| FY2024 Forecast | ₹19.00 | — | — | — |
| FY2024 Forecast | ₹24.41 | — | — | — |
| FY2024 Forecast | ₹22.35 | — | — | — |
| FY2025 Forecast | ₹23.25 | — | — | 9 |
| FY2025 Forecast | ₹22.01 | — | — | — |
| FY2025 Forecast | ₹22.07 | — | — | 7 |
| FY2025 Forecast | ₹24.15 | — | — | 6 |
| FY2026 Forecast | ₹28.16 | — | — | 7 |
| FY2026 Forecast | ₹28.23 | — | — | 5 |
| FY2026 Forecast | ₹27.17 | — | — | 9 |
| FY2026 Forecast | ₹21.62 | — | — | 7 |
| FY2027 Forecast | ₹24.55 | — | — | 7 |
| FY2027 Forecast | ₹28.91 | ₹31.00 | ₹27.00 | 4 |
| FY2027 Forecast | ₹30.02 | ₹33.00 | ₹28.00 | 5 |
| FY2027 Forecast | ₹29.85 | ₹31.00 | ₹28.00 | 4 |
| FY2028 Forecast | ₹32.83 | ₹32.00 | ₹32.00 | 1 |
| FY2028 Forecast | ₹31.52 | ₹31.00 | ₹31.00 | 1 |
| FY2028 Forecast | ₹30.88 | ₹31.00 | ₹30.00 | 2 |
| FY2028 Forecast | ₹36.77 | ₹36.00 | ₹36.00 | 1 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
5 Factors- •Company has delivered a high Return on Equity (ROE) of 49.6%.
- •Company maintains conservative leverage with D/E of 0.27x.
- •Strong cash generation: Operating Cash Flow is 103.1% of reported Net Profit.
- •High promoter holding of 50.5% with zero encumbrance / pledge.
- •High institutional backing: FIIs & DIIs hold a combined 25.6%.
Risk Factors & Watchouts
0 WatchoutsClean profile: No major debt, leverage, or working capital red flags detected.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score8 / 9
● Strong (High Quality)
Altman Z-Score5.31
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-2.57
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
95.0%Healthy
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
12.6%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
7.9%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹2,533 CrInflow
2,533
+ D&A Non-Cash Charge₹336 CrAdd-back
336
Working Capital Adjustment-₹258 Cr- Tied Up
258
= Operating Cash Flow (CFO)₹2,612 CrOperating Cash
2,612
- Capital Expenditures (CapEx)-₹206 CrReinvestment
206
= Free Cash Flow (FCF)₹2,406 CrFree Cash Flow
2,406
- Dividends & Debt Repayment-₹557 CrCapital Return
557
= Net Change in Cash₹1,849 CrNet Balance
1,849
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2014-201531 Mar 2015 | 2015-201631 Mar 2016 | 2016-201731 Mar 2017 | 2017-201831 Mar 2018 | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ₹9,575.80 | ₹11,599.55 | ₹13,136.14 | ₹14,136.26 | ₹16,300.55 | ₹16,769.27 | ₹17,942.67 | ₹19,151.59 |
| Operating profit | — | — | — | — | ₹1,915.16 | ₹1,641.36 | ₹2,310.83 | ₹1,999.99 | ₹2,980.60 | ₹2,866.48 | ₹2,849.02 | ₹3,208.04 |
| OPM | — | — | — | — | 20.00% | 14.15% | 17.59% | 14.15% | 18.29% | 17.09% | 15.88% | 16.75% |
| Net profit | — | — | — | — | ₹1,266.75 | ₹1,402.63 | ₹1,863.90 | ₹1,524.82 | ₹2,321.77 | ₹2,139.81 | ₹2,178.73 | ₹2,533.49 |
| EPS | — | — | — | — | 52.67 | 58.87 | 77.41 | 63.31 | 84.46 | 88.91 | 91.18 | 106.70 |
| Net margin | — | — | — | — | 13.23% | 12.09% | 14.19% | 10.79% | 14.24% | 12.76% | 12.14% | 13.23% |
| ROE | — | — | — | — | 21.87% | 31.86% | 52.54% | 59.61% | 65.69% | 54.29% | 50.02% | 49.61% |
| ROCE | 66.00% | 68.00% | 52.00% | 47.00% | 24.91% | 31.18% | 52.58% | 59.17% | 57.12% | 57.45% | 54.58% | 57.78% |
| Debt / equity | — | — | — | — | 0.33 | 0.35 | 0.60 | 0.97 | 0.85 | 0.52 | 0.29 | 0.27 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | 6.74% | 5.52% | 7.83% | — |
| Net profit | 16.28% | 2.95% | 6.33% | — |
| EPS | 17.02% | 8.10% | 6.63% | — |
Each column only appears when 12 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | — | — | ₹10,533.37 | ₹7,842.23 | ₹8,008.78 | ₹7,527.41 | ₹9,352.72 | ₹9,073.56 | ₹8,838.55 | ₹9,731.94 |
| Total liabilities | — | — | — | — | ₹4,740.02 | ₹3,439.40 | ₹4,461.12 | ₹4,969.31 | ₹5,818.45 | ₹5,132.04 | ₹4,482.83 | ₹4,625.38 |
| Total equity | — | — | — | — | ₹5,793.36 | ₹4,402.83 | ₹3,547.66 | ₹2,558.10 | ₹3,534.27 | ₹3,941.52 | ₹4,355.72 | ₹5,106.56 |
| Total debt | — | — | — | — | ₹1,896.01 | ₹1,553.40 | ₹2,121.51 | ₹2,481.20 | ₹2,997.37 | ₹2,064.96 | ₹1,246.51 | ₹1,380.28 |
| Cash | — | — | — | — | ₹1,264.00 | ₹81.23 | ₹142.74 | ₹117.99 | ₹102.38 | ₹322.80 | ₹132.78 | ₹220.00 |
| Current assets | — | — | — | — | ₹4,740.02 | ₹3,674.97 | ₹4,419.68 | ₹3,982.30 | ₹4,746.23 | ₹4,848.66 | ₹3,913.68 | ₹4,677.66 |
| Current liabilities | — | — | — | — | ₹2,633.34 | ₹2,578.46 | ₹3,614.27 | ₹4,147.14 | ₹4,134.40 | ₹4,084.41 | ₹3,618.26 | ₹4,179.99 |
| Inventory | — | — | — | — | ₹957.58 | ₹772.53 | ₹1,109.44 | ₹1,398.02 | ₹1,233.02 | ₹1,202.99 | ₹1,258.67 | ₹1,374.13 |
| Receivables | — | — | — | — | ₹1,149.10 | ₹418.17 | ₹356.31 | ₹408.82 | ₹394.30 | ₹467.18 | ₹503.90 | ₹544.24 |
| Payables | — | — | — | — | ₹861.82 | ₹1,047.00 | ₹1,314.75 | ₹1,322.81 | ₹1,448.81 | ₹1,627.48 | ₹1,752.23 | ₹1,896.41 |
| Net PP&E | — | — | — | — | ₹4,213.35 | ₹1,755.92 | ₹1,750.82 | ₹2,119.73 | ₹2,577.19 | ₹2,790.48 | ₹2,823.81 | ₹2,712.02 |
| Retained earnings | — | — | — | — | ₹4,345.02 | ₹4,253.81 | ₹3,271.74 | ₹2,275.89 | ₹3,230.29 | ₹3,634.10 | ₹4,041.03 | ₹4,767.50 |
Cash flow
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | ₹1,583.43 | ₹1,484.53 | ₹1,875.52 | ₹1,299.52 | ₹2,526.21 | ₹2,572.98 | ₹2,480.65 | ₹2,611.60 |
| Capital expenditure | — | — | — | — | ₹574.55 | ₹-244.17 | ₹-240.51 | ₹-550.18 | ₹-711.46 | ₹-561.52 | ₹-374.85 | ₹-205.57 |
| Free cash flow | — | — | — | — | ₹1,008.88 | ₹1,240.36 | ₹1,635.01 | ₹749.34 | ₹1,814.75 | ₹2,011.46 | ₹2,105.80 | ₹2,406.03 |
| OCF / net profit | — | — | — | — | 1.25 | 1.06 | 1.01 | 0.85 | 1.09 | 1.20 | 1.14 | 1.03 |
| FCF / Capex intensity | — | — | — | — | 0.06 | 2.11 | 1.83 | 3.89 | 4.36 | 3.35 | 2.09 | 1.07 |
Income statement detail
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | ₹3,351.53 | ₹4,633.42 | ₹5,289.67 | ₹5,118.29 | ₹6,386.72 | ₹6,893.90 | ₹6,911.04 | ₹7,610.17 |
| Cost of revenue | — | — | — | — | ₹6,224.27 | ₹6,966.13 | ₹7,846.47 | ₹9,017.97 | ₹9,913.83 | ₹9,875.37 | ₹11,031.63 | ₹11,541.42 |
| EBITDA | — | — | — | — | ₹2,106.67 | ₹1,825.91 | ₹2,508.42 | ₹2,200.27 | ₹3,205.82 | ₹3,165.96 | ₹3,161.38 | ₹3,543.86 |
| Income before tax | — | — | — | — | ₹1,684.77 | ₹1,844.30 | ₹2,513.61 | ₹2,078.33 | ₹3,032.77 | ₹2,913.47 | ₹2,926.57 | ₹3,288.78 |
| Interest expense | — | — | — | — | ₹478.79 | — | — | — | — | — | — | — |
| Tax expense | — | — | — | — | ₹418.03 | ₹450.70 | ₹663.02 | ₹562.35 | ₹716.45 | ₹779.25 | ₹748.71 | ₹751.77 |
| D&A | — | — | — | — | ₹383.03 | ₹184.55 | ₹197.59 | ₹200.28 | ₹225.22 | ₹299.48 | ₹312.36 | ₹335.82 |
| EBITDA margin | — | — | — | — | 22.00% | 15.74% | 19.10% | 15.56% | 19.67% | 18.88% | 17.62% | 18.50% |
Financial ratios
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | 1.80 | 1.43 | 1.22 | 0.96 | 1.15 | 1.19 | 1.08 | 1.12 |
| Quick ratio | — | — | — | — | 1.44 | 1.13 | 0.92 | 0.62 | 0.85 | 0.89 | 0.73 | 0.79 |
| Interest coverage | — | — | — | — | 4.00 | — | — | — | — | — | — | — |
| Inventory days | 31.00 | 32.00 | 43.00 | 39.00 | 45.00 | 40.48 | 51.61 | 56.58 | 45.40 | 44.46 | 41.65 | 43.46 |
| Receivable days | 6.00 | 7.00 | 7.00 | 11.00 | 35.00 | 13.16 | 9.90 | 10.56 | 8.83 | 10.17 | 10.25 | 10.37 |
| Payable days | 55.00 | 56.00 | 49.00 | 59.00 | 40.00 | 54.86 | 61.16 | 53.54 | 53.34 | 60.15 | 57.98 | 59.97 |
| Cash conversion cycle | -17.00 | -16.00 | 1.00 | -9.00 | 40.00 | -1.22 | 0.35 | 13.60 | 0.88 | -5.52 | -6.08 | -6.14 |
| Working capital days | -22.00 | -5.00 | 28.00 | 17.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| Fixed asset turnover | — | — | — | — | 2.27 | 6.61 | 7.50 | 6.67 | 6.32 | 6.01 | 6.35 | 7.06 |
| ROA | — | — | — | — | 12.03% | 17.89% | 23.27% | 20.26% | 24.82% | 23.58% | 24.65% | 26.03% |
| ROIC | — | — | — | — | 19.71% | 21.11% | 30.78% | 29.64% | 35.41% | 36.94% | 38.76% | 39.49% |
| Gross margin | — | — | — | — | 35.00% | 39.94% | 40.27% | 36.21% | 39.18% | 41.11% | 38.52% | 39.74% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Capital Velocity Engine (High Asset Turnover)FY2025-2026
Net marginProfitability
13.23%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
1.97
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
1.91
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
49.61%
Reported: 49.61%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 31 Jul 2026 | dividend | 9050% |
| 2025 | 04 Aug 2025 | dividend | 7500% |
| 2024 | 05 Aug 2024 | dividend | 7350% |
| 2023 | 13 Apr 2023 | dividend | 7200% |
| 2022 | 22 Jun 2022 | dividend | 5650% |
| 2021 | 27 May 2021 | bonus | 1:1 |
| 27 May 2021 | dividend | 1250% | |
| 10 Apr 2021 | dividend | 6200% | |
| 2020 | 27 Aug 2020 | dividend | 8300% |
| 02 May 2020 | dividend | 3500% | |
| 2019 | 03 Aug 2019 | dividend | 1500% |
| 03 Aug 2019 | dividend | 1500% | |
| 2018 | 30 Nov 2018 | split | 1:2 |
| 31 Jul 2018 | dividend | 1250% | |
| 2017 | 01 Aug 2017 | dividend | 1100% |
| 2016 | 02 Aug 2016 | dividend | 1000% |
| 2015 | 29 Jul 2015 | dividend | 800% |
| 2014 | 25 Jul 2014 | dividend | 600% |
| 2013 | 25 Jul 2013 | dividend | 425% |
| 2012 | 19 Jul 2012 | dividend | 425% |
| 2011 | 21 Jul 2011 | dividend | 325% |
| 2010 | 09 Sept 2010 | split | 2:10 |
| 27 Jul 2010 | dividend | 250% | |
| 2009 | 10 Jun 2009 | dividend | 400% |
| 2008 | 16 Jul 2008 | dividend | 180% |
| 2007 | 03 Sept 2007 | dividend | 150% |
| 2006 | 20 Jul 2006 | dividend | 150% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 5 dividend distributions
Latest Year DPS:₹90.50
Yield on CMP:1.71%
3Y Dividend CAGR:+17.0%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹354.50
₹90.5
2026
₹73.5
2024
₹72.0
2023
₹56.5
2022
₹62.0
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 31 Jul 2026 | ₹90.50 | Final |
| 05 Aug 2024 | ₹73.50 | Final |
| 13 Apr 2023 | ₹72.00 | Interim |
| 20 Jun 2022 | ₹56.50 | Final |
| 08 Apr 2021 | ₹62.00 | Interim |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Fast Moving Consumer GoodsCompare Peers in Studio
Market Cap1,26,455.86 ₹ cr
Beats 91% of 43 industry peers · median 15,732.47 ₹ cr
P/E50.47 x
Beats 64% of 36 industry peers · median 37.51 x
P/B25.04 x
Beats 89% of 36 industry peers · median 5.64 x
ROE24.66%
Beats 83% of 41 industry peers · median 16.02%
ROCE27.74%
Beats 85% of 41 industry peers · median 17.93%
Debt to Equity0.40 x
Beats 40% of 40 industry peers · median 0.42 x
Net Margin14.60%
Beats 78% of 41 industry peers · median 12.55%
Dividend Yield1.71%
Beats 66% of 38 industry peers · median 0.97%
Revenue Growth (YoY)8.17%
Beats 22% of 41 industry peers · median 14.95%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Hindustan Unilever Ltd.HINDUNILVR | ₹4.70 L | 44.43 | 9.69 |
ITC Ltd.ITC | ₹3.33 L | 16.29 | 4.65 |
Nestle India Ltd.NESTLEIND | ₹2.81 L | 79.89 | 54.22 |
| ₹1.38 L | 46.12 | 7.15 | |
United Spirits Ltd.UNITDSPR | ₹1.08 L | 62.74 | 12.27 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Britannia Industries Ltd. (BRITANNIA)
Indexed Documents7 Filings
Latest Disclosure21 Jul 2026
Corporate Action21 Jul 2026
Britannia Industries Ltd: Recommendation of Final Dividend for the Financial Year 2025-26
AGM / EGM01 Jul 2026
Britannia Industries Ltd: Notice of Annual General Meeting and Record Date for Dividend
Press Release21 Jun 2026
Britannia Industries Ltd: Press Release: Business Updates and New Strategic Initiatives
Shareholding21 Jun 2026
Britannia Industries Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
Concall Transcript11 Jun 2026
Britannia Industries Ltd: Transcript of Earnings Conference Call with Institutional Investors
Investor Deck06 Jun 2026
Britannia Industries Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
News
- IndianAPISugar spike puts FMCG margins under fresh pressure
Wholesale sugar prices have surged 40% in two months, threatening to exacerbate the margin squeeze for packaged food companies already reeling from higher input costs. The bigger question is whether rising food inflation could now threaten the durability of India’s consumption recovery.
- IndianAPITop Gainers & Losers on 21 Aug: Welspun Corp, Jindal Saw, Urban Company, Vedanta, CarTrade Tech among top gainers
Indian stock markets concluded Friday's session subdued, impacted by high crude oil prices and rising global bond yields. The Nifty 50 and Sensex remained largely unchanged, marking their second consecutive week of losses amidst geopolitical tensions and fluctuating investor sentiment.
- IndianAPIBritannia could be in for a treat as key concerns ease
Britannia’s dual-pricing overhang has eased, helping volumes and market share recover, but elevated input costs, higher ad spends and a rich valuation could limit the upside.
- IndianAPIBritannia could be in for a treat as key concerns ease
Britannia’s dual-pricing overhang has eased, helping volumes and market share recover, but elevated input costs, higher ad spends and a rich valuation could limit the upside.
- IndianAPIQ1 results 2026: LIC to Trent among companies to declare Q1 results today; full list here
Life Insurance Corporation of India (LIC), Trent, Hero Motocorp, Lupin, Emcure Pharmaceuticals, Britannia Industries, Fortis Healthcare are among the companies to report their Q1 results FY27 today.
- IndianAPIQ1 results 2026: LIC to Trent among companies to declare Q1 results today; full list here
Life Insurance Corporation of India (LIC), Trent, Hero Motocorp, Lupin, Emcure Pharmaceuticals, Britannia Industries, Fortis Healthcare are among the companies to report their Q1 results FY27 today.
- IndianAPIiD Fresh banks on overseas markets, higher margins to become IPO-ready by Oct 2027
Ahead of its planned IPO, iD Fresh is targeting best-in-class profitability, expanding into snacks and scaling new product launches as quick commerce reshapes India's ready-to-cook foods market.
- IndianAPIiD Fresh banks on overseas markets, higher margins to become IPO-ready by Oct 2027
Ahead of its planned IPO, iD Fresh is targeting best-in-class profitability, expanding into snacks and scaling new product launches as quick commerce reshapes India's ready-to-cook foods market.
- IndianAPIFMCG sector Q1 results preview: Healthy topline growth likely, margin to be resilient despite inflation pressure
FMCG sector Q1 results preview: FMCG companies are expected to report healthy revenue growth in Q1FY27, on account of steady volume growth amid stable demand conditions and timely price hikes. Both rural and urban demand are expected to have remained resilient, with no major divergence.
- IndianAPIFMCG sector Q1 results preview: Healthy topline growth likely, margin to be resilient despite inflation pressure
FMCG sector Q1 results preview: FMCG companies are expected to report healthy revenue growth in Q1FY27, on account of steady volume growth amid stable demand conditions and timely price hikes. Both rural and urban demand are expected to have remained resilient, with no major divergence.
- IndianAPIPL Capital cuts Nifty 50 target to 26,449; ICICI Bank, Titan, Bharti Airtel among top conviction picks
In its model portfolio, PL Capital added HDFC Asset Management Company. It also added weights on Tata Steel, JSW Steel, Larsen & Toubro, Bharat Electronics, Britannia Industries, Nestle India, Bajaj Finance, Bharti Airtel and Adani Ports & SEZ.
- IndianAPIPL Capital cuts Nifty 50 target to 26,449; ICICI Bank, Titan, Bharti Airtel among top conviction picks
In its model portfolio, PL Capital added HDFC Asset Management Company. It also added weights on Tata Steel, JSW Steel, Larsen & Toubro, Bharat Electronics, Britannia Industries, Nestle India, Bajaj Finance, Bharti Airtel and Adani Ports & SEZ.
- IndianAPINestlé India flags shaky demand from urban middleclass as incomes lag
India’s consumption recovery could face a fresh test as the urban middleclass has entered a ‘wait and watch’ mode on discretionary spending as its income growth lags inflation, says Nestlé India CMD Tiwary. The demand from the premium and rural sectors has, however, shown resilience, he says.
- IndianAPINestlé India flags shaky demand from urban middleclass as incomes lag
India’s consumption recovery could face a fresh test as the urban middleclass has entered a ‘wait and watch’ mode on discretionary spending as its income growth lags inflation, says Nestlé India CMD Tiwary. The demand from the premium and rural sectors has, however, shown resilience, he says.
- IndianAPIThe lion in winter: the defiant life and fading empire of Nusli Wadia
From battling Dhirubhai Ambani and defending Cyrus Mistry to watching parts of the Wadia empire fade, Nusli Wadia remains corporate India’s last defiant aristocrat.
- IndianAPIThe lion in winter: the defiant life and fading empire of Nusli Wadia
From battling Dhirubhai Ambani and defending Cyrus Mistry to watching parts of the Wadia empire fade, Nusli Wadia remains corporate India’s last defiant aristocrat.
- IndianAPIDS Group brings British chain Ben’s Cookies to India to cater to Gen Z and millennials
DS Group partners with Ben's Cookies to launch seven stores initially in Delhi and Mumbai. The brand focuses on premium cookies and aims to cater to Gen Z and millennials seeking indulgent experiences.
- IndianAPIDS Group brings British chain Ben’s Cookies to India to cater to Gen Z and millennials
DS Group partners with Ben's Cookies to launch seven stores initially in Delhi and Mumbai. The brand focuses on premium cookies and aims to cater to Gen Z and millennials seeking indulgent experiences.
- IndianAPIFMCG firms brace for slower volume growth, look to shield margins
Major players had expected to focus on volume-led growth that signals robust consumption. However, this strategy could be under threat as the ongoing war escalates raw material prices and weakens the growth in volumes.
- IndianAPIFMCG firms brace for slower volume growth, look to shield margins
Major players had expected to focus on volume-led growth that signals robust consumption. However, this strategy could be under threat as the ongoing war escalates raw material prices and weakens the growth in volumes.
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.