Citi has maintained its ‘Buy’ rating on Britannia Industries, raising the target price to ₹6,500, up from the previous estimate of ₹6,200. The revised outlook is driven by expectations of profitability expansion, supported by lower commodity costs.
The brokerage also marginally increased its earnings estimates for the company for FY26–28E by 0–1%, suggesting a cautious yet optimistic stance on the company’s growth trajectory.
Citi has tweaked its margin assumptions upward, anticipating that easing input prices will bolster margins going forward. The note reflects confidence in Britannia’s ability to maintain profitability amid a more favorable cost environment.
Disclaimer: This article is based on a brokerage report and is intended for informational purposes only. Business Upturn does not offer investment advice or stock recommendations.
