Britannia Industries Share Price Target 2023 to 2030: Can it touch 10,000 INR by 2030?

Britannia Industries, one of the top food firms in India, has recently gained attention in the investment world as a result of its impressive financial results and growing global presence. What is the share price target for Britannia Industries for the years 2023 to 2030, as investors look towards the future? What’s more, is Britannia Industries a worthwhile stock to purchase?

There are several factors to consider while evaluating Britannia Industries’ development prospects.First of all, throughout the preceding five years, the company has consistently done well financially, with strong sales growth and growing profitability. Moreover, Britannia Industries has been actively expanding its presence in new regions. Most recently, it will be able to expand its reach across Africa thanks to a new collaboration in Kenya.

This article will examine the elements that are likely to affect Britannia Industries’ share price performance in the upcoming years as we take a closer look at the company’s growth prospects over the next ten years.

We’ll also go over the possible dangers and difficulties that could hinder Britannia Industries’ future development, enabling investors to decide for themselves whether this is a reliable stock to add to their portfolios.

As of 3rd November 2023, Britannia is trading at Rs. 4,548 with a marketcap of Rs. 1,09,548 Cr.

• Stock P/E 49.2
• Book Value ₹ 49.2
• High / Low ₹ 5,270 / 3,74

Britannia Q2 FY2024 Earnings: Summary

• Consolidated net profit surged by 19.55% to Rs 586.50 crore compared to Rs 490.58 crore in the same quarter the previous year.
• Total revenue from operations increased by 1.21% to Rs 4,432.88 crore from Rs 4,379.61 crore a year ago.
• Earnings before interest, depreciation, taxes, and amortization (EBIDTA) rose by 22.5% to Rs 872.4 crore in the September 2023 quarter, up from Rs 711.7 crore in the same period last year.
• Britannia’s consolidated sales for the quarter were Rs 4,370 crore, a 0.76% increase from the same quarter the previous year.
• Costs of materials consumed increased by 1.6% to Rs 2,282.58 crore during the quarter.
• Operating margin improved to 18.04% in the current quarter, up from 15.07% in the same period the previous year.
• The company’s performance was attributed to the introduction of new products like Jim Jam Pops and 50-50 Golmaal.

How to buy Britannia Industries shares?

You can buy Britannia Industries shares from the following trading platforms:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Share Price Prediction of Britannia Industries: 2023 to 2030

Share Price Target 2023 of Britannia Industries

Britannia Industries Share Price Target 2024

Britannia Industries Share Price Target 2025

Britannia Industries Share Price target 2026-2030

The share price targets for Britannia Industries from 2026 to 2030 indicate a progressively optimistic outlook. In 2026, the stock is anticipated to reach a maximum price of ₹7,719.65, with a minimum of ₹5,403.75. This upward trend continues in 2027, with a maximum price of ₹8,491.61 and a minimum of ₹5,944.13. The year 2028 is projected to be a significant one, with a substantial increase in the maximum price, reaching ₹11,888.25, while the minimum remains stable.

In the subsequent years, the maximum and minimum prices are expected to rise, with 2030 reflecting a maximum price target of ₹13,380.72 and a minimum of ₹9,366.50. These forecasts suggest favorable growth prospects for Britannia Industries’ stock, but they are subject to market dynamics and the company’s performance.

Financial Condition of Britannia Industries: Last 5 years

Britannia Industries Limited, a leading player in the Indian biscuit and bakery market, has showcased steady growth over the past five years. The company’s revenue has grown at a compound annual growth rate (CAGR) of 10%, from INR 11,055 crores in March 2019 to INR 16,301 crores in March 2023.

The net profit has also increased at a CAGR of 15%, reaching INR 2,316 crores in March 2023, compared to INR 1,155 crores in March 2019. Britannia’s operating profit margin (OPM) has been relatively stable over the past five years, ranging between 16% to 17%.

With a maximum of INR 13,470 crores in March 2023 and a minimum of INR 9,322 crores in March 2019, the company’s costs have likewise fluctuated.

Britannia Industries Limited continues to be a leading player in the biscuit and bakery market, and its consistent revenue and profit growth over the years is a testament to its strong performance in the industry. It is projected to give high returns to investors in this company.

Britannia Industries share price target by Experts

Foreign brokerage JP Morgan has kept its rating on the company at “neutral,” while Morgan Stanley has a “buy” recommendation. Although HDFC Securities has given the stock a “reduce,” domestic brokerages PhillipCapital and Sharekhan have kept their “buy” recommendations on the counter.

Britannia Industries share price target by Emkay Global

Britannia Industries share price target by Sharekhan

The firm has kept its ‘buy’ rating and a 5,500 target price.

Britannia Industries share price target by Prabhudas Lilladher

Prabhudas Lilladher suggested that investors should keep their holdings of Britannia Industries stocks at their current levels, with a projected target price of Rs 4580.

Britannia Industries share price target by KR Choksey

KR Choksey suggested building up a position in Britannia Industries with a goal price of Rs 5094.

Britannia Industries share price target by Phillp Capital

Phillp Capital has given a  ‘buy’ call for Britannia Industries with a target price of Rs. 5,600.

Britannia Industries share price target by Nuvama Equities

Brokerage estimates were surpassed by the company’s Q4FY23 revenue (up 13.3% YoY), EBITDA (up 45.7% YoY), and PAT (up 47.8% YoY). Despite the varying demand, the firm reported its highest-ever EBITDA margins of 19.9% and experienced volume increase of between 2% and 3% YoY. Due to its strong basis, the firm continues to outperform its greatest competitor in markets including croissants, dairy, and bread.

Britannia continues to put emphasis on expanding its product line and enlarging its distribution network in order to spur development. It is still among our top choices. With an increase in EPS of 3.4%/5.3% for FY24E/FY25E, we arrive at a target price of 940 (up from 5,640). Keep ‘BUY/SO’ in place,” the brokerage stated.

Britannia Industries share price target by Kotak Equities

Due to strong topline growth, margin expansion, and some assistance from a PLI incentive from a prior quarter, the firm recorded a 13%–46% yoy rise in sales and EBITDA. Given the company’s continuous biscuit share gains and pressure on neighbouring markets, it is well-positioned to deliver high or resilient volume growth. The brokerage has recommended rating ‘add’ for the stock.”Sharp price rises and lower-cost inventory relative to rivals have helped the company’s profitability transcend pre-pandemic levels by 250–300 basis points; it remains to be seen if this inflationary cycle will cause category GM to permanently expand by 100–200 basis points. We rollover and revise fair value to 4,950 while largely maintaining our projections, according to the brokerage.

Britannia Industries share price target by Elara Securities

The firm retained its ‘Accumulate’ recommendation with a reduced target price of 4,980 and decreased FY24E/25E earnings by 6% apiece to account for weaker profitability.

FAQS

Will the share price of Britannia Industries increase in 2023?

It is anticipated that Britannia Industries per share price will increase to ₹5,167.89 by the end of 2023.

What is the Britannia Industries share price target for 2025?

The share price target of Britannia Industries for 2025 might be around ₹7,352.04.

What is the Britannia Industries share price target for 2030?

The per share price of Britannia Industries might reach around ₹13,380.72 by the end of 2030.

Would it be a wise decision to invest in Britannia?

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• Shree Cement Share Price Target 2023 to 2030: Can SHREECEM touch 35,000 INR in 2023?
• Kajaria Ceramics Share Price Target 2023 to 2030: Can it touch 1500 INR in 2023?
• Coal India Share Price Target 2023 to 2030: Can it touch 300 INR in 2023

Conclusion

With a revenue growth rate of 8.33% Year on Year and a profit growth rate of 37.5% Year on Year as reported in its latest quarter (Q1 FY2024), Britannia Industries has demonstrated continuous growth in both sales and profit. The business has also maintained a good PAT margin, which shows effective spending management. The brand is highly reputed, and the sales is expected to keep growing.

With a maximum price target of ₹5,167.89 and a minimum price target of ₹4,548.00 in 2023, it is evident from the share price target for 2023 that there is potential for sizeable gains on investment. For investors seeking even long-term development and profits, Britannia Industries shares seem like a decent investment given the company’s solid financial record and growth prospects.

Author: Neha BhardwajHello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.