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Britannia

AHold
BRITANNIA · NSE · Large Cap · FMCG Supplier
FMCG Supplier
Fetching live…
5,450
1D 0.1%1M -0.5%1Y -6%
Fundamental (RQ-100)
78
Technical (TQ-100)
40
Valuation
38
Market cap
₹1.30L Cr
Live decision ratingASell / Avoid
Fundamental score breakdown
78/100
Growth Quality
7.4 / 20
Rev 1Y 5.0%, 3Y CAGR 9.0%, 5Y CAGR 8.0%
Margin & Profitability
12.0 / 15
EBITDA 18.0%, PAT 12.0%
Return on Capital
20.0 / 20
ROCE 50.0%, ROE 60.0%
Cash Flow Quality
13.0 / 15
OCF/EBITDA 0.85
Leverage
9.0 / 10
ND/EBITDA 0.40
Reinvestment
6.0 / 8
Capex/Sales 3.0%
Accounting
7.0 / 7
Governance
4.0 / 5
Technical score breakdown
40/100
Trend Structure
8.0 / 20
↓ 200 · ↓ 50 · ↓ 20
Momentum
5.0 / 15
1Y -6.0%, 1M -0.5%
Volume Dynamics
8.0 / 15
Vol30 —%
Relative Strength
4.0 / 15
1Y -6.0%
MA Cluster
5.0 / 10
Extension
5.0 / 10
—% from 50DMA
Volatility
4.0 / 8
Price Action
1.0 / 7
-100.0% from 52W H

Business

What this company actually does

Largest organised biscuits player. Adjacencies in dairy/bakery.

Stores
Dark stores
Cities
Listed status
Listed

Format exposure

How direct is this play?

Primary formatFMCG Supplier
Exposure typeMeaningful
Revenue visibilityHigh
Operating leverage stageScaling
Policy beneficiaryNone
Data confidenceMedium

Financial snapshot

Live · green dot = live, falls back to curated

Revenue
₹17.5K Cr
Rev 1Y growth
5%
Rev 3Y CAGR
9%
EBITDA margin
18.0%
PAT margin
12.0%
ROE
60%
ROCE
50%
OCF/EBITDA
0.85
Net Debt/EBITDA
0.4

Financial statements

Multi-year P&L, balance sheet, cash flow — scraped live from Screener.in

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Valuation

Live multiples + retail-specific (curated)

P/E
60
Forward P/E
51
EV/EBITDA
42
EV/Sales
8.0
P/B
32.0
FCF Yield
1.4%

Mid-range valuation. Watch incremental ROCE.

Investment thesis

AI-generated · always cite sources before acting

Bull
Best-in-class 50% ROCE with 0.85 OCF conversion. Long-runway TAM with structural tailwinds.
Base
Earnings growth of ~10% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if FMCG Supplier GMV outperforms.
Bear
Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.
Variant perception
Consensus views Britannia as a quality compounder. Our differentiated take: the cyclical pessimism in FMCG Supplier has overshot the long-term cash-flow potential.
Key monitorables
  • Quarterly EBITDA margin trajectory
  • Revenue growth vs management guidance
  • Capex vs store/dark-store adds
  • Promoter holding and ESOP dilution