Earnings Alerts

Britannia Industries (BRIT) Earnings: 4Q Net Income Meets Estimates Despite Slight Drop Year-on-Year

  • Britannia 4Q’s net income is 5.38 billion rupees, exhibiting a drop of 3.8% year on year.
  • The estimated net income was a tad higher at 5.42 billion rupees.
  • Revenue has experienced a slight increase of 1.2% year on year, standing at 40.7 billion rupees against the estimated 41.09 billion rupees.
  • Sale of good revenue saw a growth of 3.1% year on year, reporting 40.1 billion rupees as opposed to the estimated 40.87 billion rupees.
  • There has been a significant 58% year on year decrease in other operating revenue which is noted at 552.9 million rupees, compared to the estimated 657 million rupees.
  • Total cost too has seen an increase of 2.1% year on year, standing at 33.9 billion rupees.
  • The year on year rise in other income was at 1.7%, recording a figure of 573.4 million rupees.
  • The dividend per share is listed at 73.50 rupees.
  • Investment recommendation comprises of 21 buys, 13 holds, and 7 sells.
  • All comparisons are based on values reported from the company’s original disclosures.

A look at Britannia Industries Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth3
Resilience2
Momentum2
OVERALL SMART SCORE2.8

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

Britannia Industries Limited, a leading manufacturer of bakery products, is showing promise for the long term based on its Smartkarma Smart Scores. With a solid score of 5 for Dividend, investors can expect a strong performance in dividend payouts from the company. Additionally, Britannia scores a respectable 3 for Growth, indicating potential for steady expansion and profitability in the future. However, there are areas of improvement needed as indicated by lower scores in Value, Resilience, and Momentum, suggesting that the company may need to focus on enhancing these aspects to further bolster its position in the market.

Britannia Industries Limited, known for its diverse range of bakery products, soybean items, and other merchandise, seems to have a bright future ahead. The high score of 5 for Dividend reflects the company’s commitment to rewarding its shareholders, while the score of 3 for Growth hints at opportunities for development and progress. Despite some lower scores in Value, Resilience, and Momentum, Britannia’s strong presence in the bakery industry may serve as a foundation for future growth and success 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.
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