Latest news with #BritanniaIndustries
Business Upturn
4 days ago
- Business
- Business Upturn
Britannia shares in focus as reports suggest GST council to reduce rate on cheese & condensed milk
By Aditya Bhagchandani Published on June 5, 2025, 12:19 IST Shares of Britannia Industries were in focus on June 5, rising 0.12% to ₹5,548.50 in early trade after CNBC Awaaz reported that the GST Council is likely to consider reducing the Goods and Services Tax (GST) on dairy products like cheese and condensed milk. The move, if implemented, could lower input costs and boost profitability for food companies with significant dairy exposure. Currently, cheese and condensed milk attract 12% GST, while paneer, curd, lassi, buttermilk, and UHT milk are taxed at 5%. The proposed reduction could provide pricing flexibility for consumer goods companies like Britannia. Updated stock details: Current Price: ₹5,548.50 Previous Close: ₹5,542.00 Day Range: ₹5,520.50 – ₹5,570.00 52-Week Range: ₹4,506.00 – ₹6,469.90 Market Cap: ₹1.34 trillion P/E Ratio: 61.34 Dividend Yield: 1.35% Avg Volume: 253.26K Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
6 days ago
- Business
- Mint
Mint Primer: Rise and fall of edible oil duties: Who benefits?
More than eight months after imposing a 20% basic customs duty on crude soybean, palm and sunflower oil, the government has reduced this duty by 10%. What is the move aimed at and what will be the impact on fast moving consumer goods (FMCG) companies? Also Read | GST mop-up: The signals for India's economy & taxes What happened in September last year? That's when the government increased the basic customs duty on various edible oils (crude and refined) to protect domestic producers from cheap imports and encourage local cultivation of crops. Effective 14 September, the basic customs duty on crude soybean, palm and sunflower oil was raised from 0 to 20%, making the effective duty on crude oils as high as 27.5%. Similarly, the basic custom duty on refined palm, sunflower and soybean oil was raised to 32.5% from 12.5%, with an effective duty rate of 35.75%. This added to the overall household inflation as manufactures passed on higher prices to consumers. Also Read | Who is liable if a friendly chatbot 'abets' suicide? Why were the duties hiked? India relies heavily on edible oil imports, which meets 57% of its demand. The Centre attributed its decision to increased global production of oilseeds and resultant falling international prices. This glut resulted in cheap imports flooding India, pushing down prices for domestic farmers. Raising the cost of imported edible oils, the thinking ran, would lead to increased procurement, thus supporting more production and ensuring fair compensation for farmers. Additionally, a National Mission on Edible Oils–Oil Palm was launched in October to further support domestic oilseed production. Also Read | YouTubers vs ANI: Fair-use in the spotlight What happened as a result of the government move? Following the hike, packaged oil firms like Marico and AWL Agri Business Ltd passed on prices to consumers, raising household spending on essentials. Packaged food makers also faced edible oil inflation. For instance, palm oil prices surged 43% in the December quarter, leading biscuit-maker Britannia Industries to implement price hikes totalling ₹100 crore in that quarter. How did the Centre respond? Effective 31 May, the basic customs duty on the three crude oils was cut from 20% to 10% in a bid to stabilize edible oil prices and boost demand. The effective import duty on these three products, which includes basic customs duty and additional fees, now stands at 16.5%, down from the previous 27.5%. Meanwhile, the basic customs duty on refined oils remains unchanged at 32.5%, a decision industry bodies such as the Solvent Extractors' Association of India believe will create a level playing field for domestic refiners. What does the cut mean for FMCG firms? It is expected to lower edible oil prices for consumers in the next 25-30 days as companies pass on the benefits. It should also ease the pressure of commodity costs for packaged food companies. Key beneficiaries include Bikaji Foods, Britannia Industries, Nestle India and ITC's food business, according to Nuvama Institutional Equities. Analysts also expect improved margins for FMCG firms over the next two quarters. Other companies could also benefit if palm oil derivatives, used in soaps and detergents, become cheaper.
Economic Times
14-05-2025
- Business
- Economic Times
I-Sec upgrades Britannia Industries to Add, revises target price to Rs 6,000
Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 4495.21 crore, down -3.43 % from last quarter Total Income of Rs 4655.08 crore and up 8.93% from last year same quarter Total Income of Rs 4126.70 crore. The company has reported net profit after tax of Rs 563.78 crore in the latest quarter. The company?s top management includes N Wadia, Dadiseth, Deb, Dubash, Elavia, Shah, Dr.Y S P Thorat, N Wadia, Puri, Mr.N Venkataraman, Singh Kohli, Berry, M Kanakia. The company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 24 crore shares outstanding. Live Events Investment rationale ICICI Securities has increasef the earnings estimates by ~3%/5% for FY26E-27E; modelling revenue / EBITDA / PAT CAGR of 10% / 13% / 15% over FY25-27E. Upgrade to ADD (from Hold) with a DCF-based revised target price of Rs 6,000 (Rs 4,850 earlier). Key upside risk to the brokerage thesis is faster-than-expected revenue growth in core biscuits. Key downside risk is sustained weakness in consumption demand. Promoter/FII Holdings Promoters held 50.55 per cent stake in the company as of 31-Mar-2025, while FIIs owned 15.72 per cent, DIIs 12.79 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities has upgraded Britannia Industries to Add from Hold with a revised target price of Rs 6,000 (earlier Rs 4,850). The current market price of Britannia Industries is Rs 5496. Britannia, incorporated in 1918, is a Large Cap company with a market cap of Rs 133922.77 crore, operating in the FMCG sector. Britannia Industries' key products/revenue segments include Food Products, Other Operating Revenue, Scrap, Royalty Income for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 4495.21 crore, down -3.43 % from last quarter Total Income of Rs 4655.08 crore and up 8.93% from last year same quarter Total Income of Rs 4126.70 crore. The company has reported net profit after tax of Rs 563.78 crore in the latest company?s top management includes N Wadia, Dadiseth, Deb, Dubash, Elavia, Shah, Dr.Y S P Thorat, N Wadia, Puri, Mr.N Venkataraman, Singh Kohli, Berry, M Kanakia. The company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 24 crore shares Securities has increasef the earnings estimates by ~3%/5% for FY26E-27E; modelling revenue / EBITDA / PAT CAGR of 10% / 13% / 15% over FY25-27E. Upgrade to ADD (from Hold) with a DCF-based revised target price of Rs 6,000 (Rs 4,850 earlier). Key upside risk to the brokerage thesis is faster-than-expected revenue growth in core biscuits. Key downside risk is sustained weakness in consumption held 50.55 per cent stake in the company as of 31-Mar-2025, while FIIs owned 15.72 per cent, DIIs 12.79 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
14-05-2025
- Business
- Time of India
I-Sec upgrades Britannia Industries to Add, revises target price to Rs 6,000
ICICI Securities has upgraded Britannia Industries to Add from Hold with a revised target price of Rs 6,000 (earlier Rs 4,850). The current market price of Britannia Industries is Rs 5496. Britannia, incorporated in 1918, is a Large Cap company with a market cap of Rs 133922.77 crore, operating in the FMCG sector. Britannia Industries' key products/revenue segments include Food Products, Other Operating Revenue, Scrap, Royalty Income for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 4495.21 crore, down -3.43 % from last quarter Total Income of Rs 4655.08 crore and up 8.93% from last year same quarter Total Income of Rs 4126.70 crore. The company has reported net profit after tax of Rs 563.78 crore in the latest quarter. The company?s top management includes N Wadia, Dadiseth, Deb, Dubash, Elavia, Shah, Dr.Y S P Thorat, N Wadia, Puri, Mr.N Venkataraman, Singh Kohli, Berry, M Kanakia. The company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 24 crore shares outstanding. Investment rationale ICICI Securities has increasef the earnings estimates by ~3%/5% for FY26E-27E; modelling revenue / EBITDA / PAT CAGR of 10% / 13% / 15% over FY25-27E. Upgrade to ADD (from Hold) with a DCF-based revised target price of Rs 6,000 (Rs 4,850 earlier). Key upside risk to the brokerage thesis is faster-than-expected revenue growth in core biscuits. Key downside risk is sustained weakness in consumption demand. Promoter/FII Holdings Promoters held 50.55 per cent stake in the company as of 31-Mar-2025, while FIIs owned 15.72 per cent, DIIs 12.79 per cent.
Time of India
12-05-2025
- Business
- Time of India
Britannia eyes recovery, leans on cost cuts and adjacencies
Britannia eyes recovery, leans on cost cuts and adjacencies BENGALURU: Britannia Industries managing director Varun Berry said the company is seeing early signs of demand recovery and expects this momentum to continue into the financial year ending March 2026, though not in a sharp, 'hockey-stick' manner. 'We have seen gradual recovery and I do think that this trend is going to continue into the next year as well,' he told analysts during the Q4 earnings call on Monday. On Thursday, Britannia Industries reported a consolidated net profit of Rs 2,177.86 crore for the financial year ended March 2025, up 2% from Rs 2,134.22 crore in the previous year. Consolidated sales of goods rose about 6% to Rs 17,535.02 crore from a year earlier. For the March quarter alone, net profit stood at Rs 559.13 crore, up 4% year-on-year, while revenue increased 9% to Rs 4,432.19 crore. Berry told analysts that a cost-saving programme delivered a return of 9x on the base year of FY14. 'We went into overdrive because inflation had become high… we achieved more than what we had set out to do,' he added. Britannia faced steep inflation in key raw materials such as palm oil (54% YoY), cocoa (83%), and milk (21%). While price increases were taken late in the year, Berry said further hikes may not be needed if commodity trends remain stable. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Move That Changed Their Lives – See How It Works Expertinspector Click Here Undo The company remains cautious about potential price cuts from smaller rivals, but Berry believes it's unlikely in the near term. Adjacencies beyond biscuits continue to gain traction. Categories such as cakes, croissants, milkshakes, and cheese emerged as growth drivers, with some nearing or crossing Rs 200 crore in revenue. The relaunch of cheese with aligned pricing across channels led to over 40% growth in traditional trade. 'We're not declaring victory yet, but early trends in ecommerce and GT are promising,' Berry noted. Quick commerce, currently 4% of Britannia's sales, is expected to grow to 8% over the next three years. While competition from digital-first and D2C players exists, Berry said it hasn't significantly impacted Britannia yet. He added that the company will continue expanding its premium portfolio and selectively evaluate inorganic opportunities, but will remain focused on return metrics. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
