30 Apr 2022 , 11:48 AM
Result date: 2nd May, 2022
Recommendation: Add
Target price: Rs3,750
Britannia is expected to clock double-digit sales growth in the March 2022 quarter. Volume growth is pegged at 1% in the base business during the quarter. Consequently, revenue could grow 13.6% year-on-year to Rs34,524 million.
Rising input cost pressures could weigh on the company’s gross margins. However, strong cost rationalization efforts could reduce the impact on EBITDA margin.
Profit After Tax could come in at Rs3,912 million, up 7.4% over the year-ago quarter.
Important management insights to watch out for:
· Outlook on demand across all segments and markets
· Trends in input cost inflation, pricing action planned and margin levers
| Rs Million | March 2022 estimates | YoY change |
| Revenue | 34,524 | 13.6% |
| EBITDA | 5,401 | 6.9% |
| Profit After Tax | 3,912 | 7.4% |
Source: IIFL Research
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
