Britannia Industries Ltd.
NSE: BRITANNIABritannia Industries Ltd.: A 30-second snapshot
Britannia Industries (FMCG) trades at 5157.5, down 4.94% over 12 months and 16.25% over 3 months, sitting below both its 50-DMA (5555.48) and 200-DMA (5829.09) with RSI at 27.97. Q4 FY26 reported net profit of Rs 678 crore, up 21% YoY, with a record dividend of Rs 90.5/share declared. The trailing PE of 49.06 and D/E of 26.875 are the two most structurally notable metrics relative to FMCG sector norms.
P/E
49.1
Forward P/E
39.7
ROE
+53.3%
Debt / Equity
26.88
Profit Margin
+13.2%
Div. Yield
+1.7%
5Y ROE > 15%
4/5
5Y FCF > 0
4/5
Quality
54/100
News
8 headlines · 3 positive · 1 negative
Britannia Industries declares Rs 90.5 dividend; check record date; stock target - Business Today
Business Today
Britannia Declares Rs 90.5/Share Dividend, Highest-Ever; Check Record Date, Payout Details - NDTV Profit
NDTV Profit
Britannia Q4 Results: Profit rises 21% YoY to Rs 678 crore; co declares Rs 90.5 dividend - The Economic Times
The Economic Times
Britannia Industries Announces Key Senior Management Changes in Sales and International Business - scanx.trade
scanx.trade
Chitwan Singh appointed Chief Business Officer – International Business at Britannia - Exchange4Media
Exchange4Media
Recent context
- ·Q4 FY26 (reported May 2026): net profit Rs 678 crore, up 21% YoY; company declared Rs 90.5/share dividend, described in multiple outlets as its highest-ever payout.
- ·Senior management change announced May 2026: Chitwan Singh appointed Chief Business Officer for International Business, signaling a strategic focus on the international segment.
- ·News sentiment across 8 articles skewed positive (3 positive, 4 neutral, 1 negative), driven by the earnings and dividend announcement; analyst count stands at 34 with no mean rating available in this data set.
Strengths
- +5-year earnings growth of 21.1% materially outpaces 5-year revenue growth of 7.9%, indicating sustained margin expansion has driven profit growth beyond volume gains over the period.
- +ROE of 53.31% ranks 2nd of 6 FMCG peers (vs. HINDUNILVR 21.6%, ITC 29.3%, GODREJCP 15.1%), though this figure is partially inflated by the high leverage ratio.
- +Debt trend is classified as falling, with FCF positive in 4 of the tracked years and ROE above 15% in 4 of the tracked years — indicating continued cash generation alongside deleveraging.
- +Q4 FY26 net profit of Rs 678 crore (+21% YoY) and a highest-ever declared dividend of Rs 90.5/share reflect continued earnings delivery in the most recent reporting period.
Weaknesses
- −D/E of 26.875 is a structural outlier for the FMCG sector, where the peer median D/E is well below 1.0; this leverage level amplifies financial risk in adverse demand or input-cost scenarios.
- −Price 5157.5 is below both the 50-DMA (5555.48) and 200-DMA (5829.09); the stock has declined 16.25% over 3 months and 18.6% from its 52-week high, with RSI at 27.97.
- −Quality score of 50 ranks 3rd of 6 FMCG peers, behind NESTLEIND (61) and HINDUNILVR (58), reflecting that the leverage-elevated ROE does not translate into a top-tier composite quality assessment.
- −5-year revenue growth of 7.9% is modest for an FMCG business, indicating earnings growth has been driven primarily by margin expansion rather than top-line volume or pricing acceleration.
Open questions
- ?Does the D/E of 26.875 reflect structured lease or franchise liabilities specific to Britannia's operating model, or does it represent financial leverage that would constrain flexibility during a revenue-slowdown scenario?
- ?With 5-year earnings growth of 21.1% outpacing 5-year revenue growth of 7.9%, what is the sustainability of the margin expansion driving this gap — and what input-cost or competitive dynamics could compress it?
- ?The stock has declined 16.25% over 3 months despite a 21% profit rise in Q4 — what macro, sector-rotation, or valuation factors are being reflected in the price action that reported earnings did not address?
- ?How does the international business expansion signaled by the new CBO appointment factor into the medium-term revenue trajectory relative to Britannia's predominantly domestic revenue base?
Peer comparison: FMCG
Ranks 3 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| BRITANNIA | Britannia Industries Ltd.You're viewing | 49.1 | +53.3% | 50 |
| Industry avg | across 5 peers | 53.7 | +29.9% | 49 |
| NESTLEIND | Nestle India Ltd. | 76.5 | +76.3% | 61 |
| HINDUNILVR | Hindustan Unilever Ltd. | 46.1 | +21.6% | 58 |
| TATACONSUM | Tata Consumer Products Ltd. | 73.5 | +6.9% | 45 |
| ITC | ITC Ltd. | 16.9 | +29.3% | 41 |
| GODREJCP | Godrej Consumer Products Ltd. | 55.4 | +15.1% | 38 |
Technical state
Current price
₹5,157.50
SMA 50
₹5,555.48
SMA 200
₹5,829.09
RSI (14)
28.0 (oversold)
From 52w high
-18.6%
1Y return
-4.9%
3M return
-16.3%
50-DMA
Below
200-DMA
Below
Algorithmic resistance levels
Risk flags
- highD/E of 26.875 is an extreme structural outlier vs FMCG peers, where the sector typically operates with D/E well below 1.0; despite a falling debt trend, this leverage level amplifies downside in adverse demand or cost scenarios.
- mediumPrice of 5157.5 sits below both the 50-DMA (5555.48) and 200-DMA (5829.09); down 16.25% over 3 months and 4.94% over 12 months; RSI at 27.97 in oversold territory; 18.6% drawdown from 52-week high. No support levels were computed.
- mediumQuality score of 50 ranks 3rd of 6 FMCG peers despite a headline ROE of 53.31%; the compressed equity base from D/E of 26.875 inflates the ROE numerically relative to lower-leverage peers such as NESTLEIND (QS 61) and HINDUNILVR (QS 58).
- lowPeer priceChange1Y data is unavailable for all 5 comparators (HINDUNILVR, ITC, NESTLEIND, TATACONSUM, GODREJCP), making a relative 12-month price-performance ranking impossible for this run.
Cross-section contradictions
- Q4 FY26 net profit rose 21% YoY to Rs 678 crore and the company declared a record Rs 90.5/share dividend, yet the stock is 18.6% below its 52-week high and down 4.94% over 12 months — strong reported earnings have not translated into price appreciation.
- ROE of 53.31% ranks 2nd of 6 FMCG peers, yet the quality score of 50 ranks only 3rd of 6; the divergence reflects that D/E of 26.875 mechanically compresses the equity base and inflates the return-on-equity metric relative to peers operating with lower leverage.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 1 Jun 2026 · rotates through NIFTY 500 every ~5 days