BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Citi initiates coverage on Britannia with a buy
Citi has initiated coverage on Britannia Industries with a 'buy' for target of Rs 3,300/share. It says Britannia is India's leading biscuits, bakery goods player and sees strong brands & improved execution. Citi expects 900 basis points EBITDA margin expansion in Britannia and outlook for Britannia remains strong. Negative working capital will lead to strong return ratios, Citi concludes.