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Buy Britannia Industries, price target Rs 3,250: Shrikant Chouhan

The analyst suggested a stoploss at Rs 2995

ETMarkets.com|
Updated: Dec 06, 2019, 08.45 AM IST
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Shrikant Chouhan of Kotak Securities Limited has a buy call on Britannia Industries Ltd. with a target price of Rs 3250.0 . The current price of Britannia Industries Ltd. is Rs 3084.75. Time period given by the analyst is Intra Day when Britannia Industries Ltd. price can reach the defined target. Shrikant Chouhan recommended to keep a stoploss at Rs 2995 .

Britannia Industries Ltd., incorporated in 1918, has a market cap of Rs 74178.46 crore. Britannia Industries Ltd. key Products/Revenue Segments include Food Products which contributed Rs 10388.10 Crore to Sales Value (99.09 % of Total Sales), Other Operating Revenue which contributed Rs 56.36 Crore to Sales Value (0.53 % of Total Sales), Scrap which contributed Rs 22.37 Crore to Sales Value (0.21 % of Total Sales), Royalty Income which contributed Rs 14.23 Crore to Sales Value (0.13 % of Total Sales), Other Services which contributed Rs 1.39 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 3022.91 Crore, up 12.91 % from last quarter Sales of Rs 2677.32 Crore and up 5.89 % from last year same quarter Sales of Rs 2854.81 Crore Company has reported net profit after tax of Rs 402.72 Crore in latest quarter.

The company’s top management includes Dr.Ajai Puri, Dr.Ajay Shah, Dr.Y S P Thorat, Mr.A K Hirjee, Mr.Avijit Deb, Mr.Jeh N Wadia, Mr.Keki Dadiseth, Mr.Keki Elavia, Mr.Ness N Wadia, Mr.Nimesh N Kampani, Mr.Nusli N Wadia, Mr.Varun Berry, Mrs.Ranjana Kumar, Mrs.Tanya Arvind Dubash. Company has B S R & Co. LLP as its auditors. As on 30-09-2019, the company has a total of 240,318,294 shares outstanding.

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