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Is Britannia Industries Ltd resonably priced at Rs 1690 ?

radha55's picture
Submitted by radha55 on August 14, 2009 - 10:42

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Submitted by anilmehta on August 14, 2009 - 11:08. #

If you are looking or a value stock in India , I think this is it. Britannia with p/e of 26 and good earnings, good cash flow is one of the attractive stocks to ride FMCG growth in India.

With exit of Dannon, things will get better at Britannia as Wadia's will be taking strategic decision. I hope they don't go for another overseas acquisition.

Britannia is concentrating on brand building that will add value and margin to existing business. A good step in right direction.

Company boosts return on equity at 29% on sale of 2600 Cr.

I highly recommend taking long term position on Britannia at current level. This company has good potential.

Britannia Industries Ltd

 

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