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.
Dolat Capital Report
Britannia Industries Ltd.'s Q4 FY21 revenue was in line with our estimate.
Domestic sales grew 9.7% YoY , driven by volume growth of 8%.
The company has been consistently gaining market share over the last several quarters. Majority of the gains are from Hindi belt.
Ebitda margin improved by mere 30 basis points to 16.1% - despite favorable base.
The company posted lowest Ebitda margin in past four quarters.
Going ahead, we believe that normalization of demand coupled with increase in advertising and sales promotion costs would pressurise Ebitda margins.
Click on the attachment to read the full report:
DISCLAIMER
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
