SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up

INVESTMENT INSIGHTS

Check Before You Invest : Britannia Industries Ltd

BSE: 500825 NSE: BRITANNIA ISIN: INE216A01030
  |   Sector:  FMCG   |   Industry:  Consumer Food

Snapshot

Q.1 Which industry/sub-sector does Britannia Industries Ltd belong to?
Britannia Industries Ltd belongs to the FMCG sector, operating specifically within the Consumer Food segment.
Q.2 Is Britannia Industries Ltd a good quality company?
Britannia Industries Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Britannia Industries Ltd undervalued or overvalued?
Britannia Industries Ltd appears Somewhat overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios Current 5-year
Historic Median
Price to Earnings 50.69 55.63
Price to Book 25.15 33.17
Price to Sales 6.81 7.35
EV to EBITDA 34.35 38.20
Q.4 Is Britannia Industries Ltd a good buy now?
Britannia Industries Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Britannia Industries Ltd?
Britannia Industries Ltd revenue growth is 7% for FY-2025, which is below its 5-year CAGR of 9.12%, indicating slower growth.

Q.2 Gross Profit margin of Britannia Industries Ltd?
Britannia Industries Ltd Gross profit margin which is the profit after deduction of direct costs, is 17.4% for FY-2025, which is in line with its 5-year median of 17.4%, indicating stable margins.

Q.3 Operating Profit Margin of Britannia Industries Ltd?
Britannia Industries Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 17.76% for FY-2025, which is in line with its 5-year median of 17.76% indicating stable margins.

Q.4 Net Profit Margin of Britannia Industries Ltd?
Britannia Industries Ltd Net Profit Margin is 12.14% for FY-2025, is in line with its 5-year median of 12.73%, indicating stable margins.
Current Level 5-year
Historic Median
Gross Profit Margin (%) 17.4 17.4
Operating Profit Margin (%) 17.76 17.76
Net Profit Margin (%) 12.14 12.73

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Britannia Industries Ltd?
Britannia Industries Ltd Return on Asset is 24.43%, which is in line with its 5-year historical median of 23.39%, indicating stable asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Britannia Industries Ltd?
Britannia Industries Ltd Return on capital employed is 53.02% for FY-2025, which is above its 5-year historical median of 49.25%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 11.25%, indicating value creation.

Q.7 Return on Equity (ROE) of Britannia Industries Ltd?
Britannia Industries Ltd Return on equity is 52.5% for FY-2025, which is in line with its 5-year historical median of 52.5%, indicating the business is making similar use of its shareholders capital.

Q.8 Cash conversion cycle of Britannia Industries Ltd?
Britannia Industries Ltd Cash conversion cycle is -12 days, below its 5-year historical median of -10 days, indicating improved working capital management. However, you need to compare this with its peers in the industry.
Current Level 5-year
Historic Median
Asset Turnover (x) 2.11 1.92
ROE (%) 52.5 52.5
ROCE (%) 53.02 49.25
Cash Conversion Cycle -12 days -10 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Britannia Industries Ltd?
Britannia Industries Ltd Debt-to-Equity ratio is 0.28, which is lower the industry average of 0.49, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of Britannia Industries Ltd?
Britannia Industries Ltd Debt to cash flow from operations is 0.49, which is at a healthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Britannia Industries Ltd?

Q.1 Promoter shareholding and pledge status of Britannia Industries Ltd?
Promoters hold 50.55% of the Britannia Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Britannia Industries Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Britannia Industries Ltd vs industry peers?
Britannia Industries Ltd revenue CAGR is 9.12%, compared to the industry median CAGR of 10.31%, indicating slower growth and losing its market share.
Profit Metrics
Current Level 5-year
Industry Median
Revenue Growth (%) 7 10.3
Gross Profit Growth (%) 1.7 9.9
Operating Profit Growth (%) 0.5 11.6
Net Profit Growth (%) 2.1 11
Operating Efficiency
Current Level 5-year
Industry Median
Asset Turnover (x) 2.11 1.89
ROE (%) 52.5 52.5
ROCE (%) 53.02 49.25
Cash Conversion Cycle (days) -11.7 -10

Valuation & price assessment

Q.1 Stock return of Britannia Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 13.8% based on the current price.
9Y 5Y 3Y 1Y
Share Price
CAGR		 13.8% 9.2% 5.8% -1.9%
Q.2 Valuation ratios of Britannia Industries Ltd vs historical?
The current P/E ratio of 50.69 is lower than its historical median of 55.63, indicating that the stock is trading below its historical average valuation.
Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?
Valuation Ratios Current 5-year
Historic Median		 5-year
Industry Median
Price to Earnings 50.69 55.63 26.55
Price to Book 25.15 33.17 2.53
Price to Sales 6.81 7.35 1.43
EV to EBITDA 34.35 38.20 14.38

Check more companies

1. Nestle
2. Varun Beverages
3. Britannia Inds

Check trending companies

1. Granules India Ltd.
2. Nestle India Ltd.
3. National Aluminium Company Ltd.
4. Muthoot Finance Ltd.
5. Motilal Oswal Financial Services Ltd.
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×