fmcg · BRITANNIA
Britannia Industries
Britannia Industries: PE above historical average. NARROW LEADERSHIP regime.
Price
₹5,434
Price 2026-07-30
5 day
+2.70%
Short-term move
1 month
+5.59%
Medium-term
Regime
NARROW LEADERSHIP
62% confidence
Market cap
₹131.2k Cr
neutral sector flow
Market Intelligence Analyst
Understand today's market in about 2 minutes.
“How does today's NARROW LEADERSHIP regime affect Britannia Industries (BRITANNIA) in the fmcg sector?”
Price chart
₹5,389
-6.69% over period
About Britannia Industries
Britannia Industries Limited engages in manufacturing, trading, and sale of various food products in India and internationally. The company offers biscuits under the Good Day, Marie Gold, NutriChoice, Milk Bikis, Tiger, 50-50, Jim Jam, Britannia Bourbon, Little Hearts, Treat, Pure Magic, Nice Time, and Biscafe brand names; cakes under the Muffills, Fudge It, Gobbles, Layerz, Tiffin Fun, Rollyo, and Nut & Raisin Romance Cake brand names; rusks under the Toastea brand; snacks under the Treat Croissant, Treat Creme Wafers; and Snacks under Time Pass brand name. It also offers dairy products, such as ghee, cheese, and dairy whitener; milkshakes, lassi, and flavored milk under Winkin' Cow brand; gourmet, wheat flour, and white breads under Britannia brand; paneer and dahi under Come Alive brand, and nutritious bars under Be You Protein Bars brand name. The company exports its products to approximately 80 countries worldwide. Britannia Industries Limited was founded in 1892 and is based in Bengaluru, India.
At a Glance
RSI pattern warning
RSI oversold bounces for this stock succeeded only 0% of the time (avg -6.5% over 14 days) — not a reliable pattern.
52-week position
Trading at 85.8% of 52-week high
Technicals
RSI 14
56.8
Trend
mixed
50 DMA
Above
200 DMA
Below
Key metrics
P/E ratio
51.7
43th pct · 7 quarterly points (limited history)
P/B
25.7
ROE
53.3%
Strong profitability — 53.3% return on equity
Market cap
₹131.2k Cr
Revenue growth
790.0% YoY
Promoter
51.2%
52-week range
₹5,035 – ₹6,336
85.8% of high
RSI (14)
56.8
mixed
vs 50 DMA
Above
DMA ₹5,273.72
Fundamental
85/100
STRONG
Trust
95/100
Verification
Coverage
100/100
HIGH
Quick Take
Britannia Industries scores 85/100 on fundamentals (strong). Britannia Industries: PE above historical average. NARROW LEADERSHIP regime.
Fundamental Score: 85/100 · STRONG · 0 signals detected
DuPont Analysis
ROE 47.8% broken into three drivers. Each shows how efficiently the company generates returns.
ROE of 47.77% is strong efficiency-driven and stable. Net margin 13.2%, asset turnover 1.9x, leverage 1.9x.
What This Means
Net margin of 13.2% means the company keeps ₹13.2 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 1.90x means the company efficiently uses its assets to generate revenue. Leverage of 1.9x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.
Margin Structure
Gross
40.7%
Operating
17.7%
Net
13.2%
Gross margin 40.7% → operating margin 17.7% → net margin 13.2%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.
Financial Health
Earnings Quality
ADEQUATECash flow covers net income 1.1x — earnings are ADEQUATE quality. Cash conversion is reasonable.
Debt Sustainability
COMFORTABLEInterest covered 30.0x — very comfortable. Debt service is not a concern. Debt/EBITDA at 0.4x is low — balance sheet has capacity.
Free Cash Flow
STRONGFCF margin at 13.0% — strong cash generation. Business is self-funding.
Peer comparison
| Stock | Price | 5D | P/E | ROE | Rev growth | Mcap |
|---|---|---|---|---|---|---|
| HINDUNILVR Hindustan Unilever | ₹2,107.9 | -2.5% | 48.9 | 21.6% | 430% | ₹5.2L Cr |
| ITC ITC Limited | ₹285.05 | +1.3% | 17.5 | 29.3% | -500% | ₹3.6L Cr |
| GODREJCP Godrej Consumer Products | ₹1,072.1 | +1.3% | 60.4 | 15.1% | 840% | ₹1.1L Cr |
| MARICO Marico | ₹874.7 | +1.9% | 62.4 | 41.4% | 2210% | ₹1.1L Cr |
| DABUR Dabur India | ₹426.1 | +0.7% | 42.5 | 16.2% | 730% | ₹80.4k Cr |
| COLPAL Colgate-Palmolive India | ₹2,084.8 | -0.1% | 42.7 | 81.6% | 910% | ₹56.5k Cr |
| GODFRYPHLP Godfrey Phillips | ₹2,131.8 | +4.2% | 21.8 | 26.6% | 1360% | ₹33.3k Cr |
| GILLETTE Gillette India | ₹7,719 | -0.9% | 47.9 | 66.4% | 320% | ₹25.6k Cr |
| BRITANNIA Britannia Industries | ₹5,434 | +2.5% | 51.7 | 53.3% | 790% | ₹1.3L Cr |
Tensions to watch
Promoter holding at 51.2% — neither distress selling nor aggressive buying
No strong insider signal. Watch for changes in promoter stake as a leading indicator.
Key Watchpoints
Breaks above ₹5706 (+5%)
Trend reversal confirmation
Breaks below ₹5162 (-5%)
Further downside risk
PE reverts to median of 51.7 (7 quarterly points (limited history))
Valuation normalization
Fmcg sector entering leadership
Sector rotation signal
Risk Flags
Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.
High refinancing risk. Company needs to roll over debt frequently. Vulnerable to credit market freezes.
Profits are from core operations, not one-offs. High quality.
⚠️ 1 critical + 1 warning flags. Exercise caution.
Data Quality
News Correlation
50 articles scanned for fundamental themes
