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Buy Britannia Industries; target of Rs 4050: Emkay Global Financial

Home / Stock Analysis / Buy Britannia Industries; target of Rs 4050: Emkay Global Financial
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Buy Britannia Industries; target of Rs 4050: Emkay Global Financial

10 Nov Stock Analysis

Emkay Global Financial’s report on Britannia Industries
Britannia reported in-line sales growth of 6% (2-year CAGR of 9%), with volumes growing by ~2%. Margins were weak, resulting in EBITDA/PAT being 11-15% below expectations. EBITDA declined 17% to Rs5.6bn…

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