BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains buy on Britannia Industries
Second quarter earnings of Britannia were in-line with expectation. Revenue growth of 12 per cent and EBITDA margin expansion of 356 basis points signifies benefits of premiumization as well as cost saving initiatives of the company, along with benefits of soft input prices.