Nomura has maintained its buy call on Britannia Industries Ltd with a target price of ₹7,000 per share, implying an upside potential of about 13.7% from the current market price of ₹6,155.00.
The brokerage said Britannia remains “in a sweet spot,” with its improving business trajectory expected to continue in the coming quarters. While Q2 sales were slightly below expectations due to the GST transition, the company delivered a big margin beat, supported by better gross profit margins (GPM) and tight cost management.
Nomura highlighted that Britannia’s focus on volume-led, double-digit sales growth remains intact, and it expects volumes to pick up meaningfully in H2FY26, driving revenue momentum. The firm also noted that the stock currently trades at 52x FY27 EPS, reflecting confidence in its stable earnings and strong brand positioning in India’s packaged food segment.
Disclaimer: The above article is based on brokerage reports and is for informational purposes only. It does not constitute investment advice or recommendations to buy or sell any securities.
