Britannia Q4 Review – Success Of New Categories, Ramp-Up Of Adjacent Categories Is The Key: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Britannia Industries Ltd.’s Q4 FY21 revenue grew by 9% (two-year compound annual growth rate of 6%).

Management expects some pantry upstocking in the near term.

Market share gains for the company (strong brand positioning, direct distribution expansion, execution edge) are likely to continue in the near term.

Further, national re-launch of Milk Bikis with the strategy to gain market share (currently just 4% share in approximately Rs 73 billion milk+glucose biscuits category) by upgrading glucose consumers appears a good strategy.

Click on the attachment to read the full report:

ICICI Securities Britannia Q4FY21 Result.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button