Earnings Alerts

Britannia Industries (BRIT) Earnings: 1Q Net Income Misses Estimates Despite Higher Revenue

  • Net Income: Britannia’s net income for the first quarter is 5.06 billion rupees, missing the estimated 5.28 billion rupees.
  • Revenue: The company reported revenue of 42.50 billion rupees, exceeding the estimate of 41.78 billion rupees.
  • Sale of Goods Revenue: Sale of goods revenue came in at 41.30 billion rupees, below the estimated 42.01 billion rupees.
  • Other Operating Revenue: Other operating revenue stood at 1.20 billion rupees, significantly higher than the estimate of 515.1 million rupees.
  • Total Costs: The total costs for the company were 36.00 billion rupees.
  • Other Income: Britannia reported other income of 556.1 million rupees.
  • Analyst Recommendations: There are 20 buy ratings, 14 hold ratings, and 5 sell ratings for Britannia.

A look at Britannia Industries Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth3
Resilience4
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

When looking at the long-term outlook for Britannia Industries, the Smartkarma Smart Scores provide a valuable insight into the company’s performance across different dimensions. With a high Dividend score of 5, Britannia Industries demonstrates a strong commitment to distributing profits to its shareholders. This indicates a stable financial position and potential for consistent returns for investors.

Additionally, Britannia Industries scores well in Resilience and Momentum, with scores of 4 for both factors. This suggests that the company has demonstrated the ability to weather economic uncertainties and maintain steady growth. While the Value score of 2 indicates that the stock may not be undervalued, the Growth score of 3 hints at potential opportunities for expansion in the future. Overall, Britannia Industries, a manufacturer of bakery products and other food items, shows promise for long-term investment based on its strong dividend policy and resilience in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars