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Britannia Q3 results today: Double digit profit growth likely

videos | Feb 7, 2019 8:23 AM IST

Britannia Q3 results today: Double-digit profit growth likely

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Britannia Industries will be reporting its quarterly results today and the consumer goods company is likely to post double-digit profit growth this time around. 

Britannia Industries will be reporting its quarterly results today and the consumer goods company is likely to post double-digit profit growth this time around.

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  • The stock price, over the last two years, has more than doubled. It is trading at around 51 times FY20 earnings, very close to its record high and if reports and calculations are to be believed, perhaps it could be the next inclusion in the Nifty as well.
  • Revenue growth is seen at 12 percent. This compares with an EBITDA growth of about 16 percent. 12 percent would mean around Rs 2,875 crore comparing with Rs 2,567 crore in terms of the topline.
  • EBITDA growth of 16 percent would mean a margin expansion of close to around 50 basis points (bps), 16.1 percent is what the street is working with compares with around 15.5 percent. As a result of that EBITDA expansion, net profit is likely to grow by about 16.5 percent as well.
  • For Britannia, the volume growth will be most important. Domestic volume growth seen at 10 percent.
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