14/11/2024, 3:47:03 pm

Neutral Britannia Industries; target of Rs 5500: Motilal Oswal

Motilal Oswal's research report on Britannia Industries: Britannia Industries (BRIT) posted revenue growth of 5% YoY in 2QFY25 (est. 7%) and volume growth of 8%. Other operating income surged 62%, mainly due to the incentive received from the Ranjangaon plant, which qualified as an ultra-mega plant this year. GM contracted 135bp/190bp YoY/QoQ to 41.5%.