Case study

BRITANNIA

Britannia Industries

Worth a closer look1y model -2.7%

Each stock's 10,000-path forecast, rendered as light.

0Score

Britannia Industries (BRITANNIA) Stock Analysis & Case Study

Is BRITANNIA a good buy? The data-driven verdict.

Britannia Industries (BRITANNIA) trades at ₹5,218,on the numbers it worth a closer look, a Downstox Snapshot Score of 55/100.

On the numbers, Britannia Industries (BRITANNIA) worth a closer look, a Downstox Snapshot Score of 55/100, weighing expensive at 49.7× earnings, ROE of 53.6%, a 45% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

BRITANNIA fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹1.26L Cr
Current price
₹5,218
P/E ratio
49.7×
P/B ratio
24.61×
Book value
₹212
Dividend yield
1.73%
ROCE
56.0%
ROE
53.6%
Piotroski F-Score
4/9

Is BRITANNIA overvalued? BRITANNIA P/E vs its FMCG

BRITANNIA's P/E of 49.7× sits above the FMCG peer median of 49.7×, so on earnings it screens in line with peers, while its 1.73% dividend yield is below the peer median of 1.88%.

BRITANNIA P/E
49.7×
Peer median P/E
49.7×
BRITANNIA div yield
1.73%
Peer median yield
1.88%

BRITANNIA share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of BRITANNIA history (-1%/yr drift, 20%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
BRITANNIA 2027₹3,868₹5,055₹6,558-3%
BRITANNIA 2028₹3,402₹4,891₹7,051-6%
BRITANNIA 2029₹3,040₹4,720₹7,441-9%
BRITANNIA 2030₹2,761₹4,621₹7,818-11%
BRITANNIA 2031₹2,528₹4,500₹8,064-13%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability BRITANNIA goes up, or doubles?

45%
Higher in 1 year
Modelled chance the price is above today in 12 months
37%
Higher in 5 years
Modelled chance the price is above today in 5 years
3%
Doubles in 5 years
Modelled chance of reaching ₹10,390 within 5 years

The bull case for BRITANNIA

  • High return on equity (53.6%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise.
  • Strong ROCE (56.0%) shows the core business earns well above its cost of capital.
  • Relatively low volatility (20%/yr), a steadier ride than the typical mid/small-cap.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹7,441.

The bear case & risks

  • A rich 49.7× P/E leaves a thin margin of safety if growth slows.
  • A steep 24.6× price-to-book means most of the value is intangible/expectations, not assets on the books.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹3,040.

BRITANNIA volatility & expected range, how bumpy is the ride?

Over the last 2.0 years BRITANNIA compounded at -1%/year with annualized volatility of 20%. That volatility implies a 1-year 80% range of ₹3,868₹6,558, the honest backbone behind any single price target.

BRITANNIA price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
2.7%
80% range₹3,868–₹6,558
P(price ↑)45%
P(price 2×)0%
3-Year Forecast
2029
₹0
Median (P50)
9.1%
80% range₹3,040–₹7,441
P(price ↑)40%
P(price 2×)1%
5-Year Forecast
2031
₹0
Median (P50)
13.4%
80% range₹2,528–₹8,064
P(price ↑)37%
P(price 2×)3%

BRITANNIA price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
BRITANNIA simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds BRITANNIA hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the BRITANNIA price target & forecast page.

BRITANNIA Piotroski F-Score: 4/9, how financially strong is it?

4/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. BRITANNIA scores 4/9,mixed financial health.

BRITANNIA MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy BRITANNIA with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox26.5%3.8×
Zerodha22.6%4.4×
DhanCHEAPEST22.0%4.5×

Compare every broker on the BRITANNIA MTF page.

BRITANNIA vs peers,FMCG comparison

StockP/EDiv yieldMarket cap
BRITANNIA (this stock)49.7×1.73%₹1.26L Cr
ITC17.4×4.98%₹3.64L Cr
HINDUNILVR33.7×1.88%₹5.13L Cr
NESTLEIND79.4×0.86%₹2.70L Cr
TATACONSUM71.7×0.90%₹1.10L Cr
DABUR39.3×1.95%₹74,879 Cr
GODREJCP51.4×1.96%₹1.04L Cr

About Britannia Industries: sector, index & market-cap context

Britannia Industries (BRITANNIA) is a large-cap NSE-listed company in the FMCG sector, and a constituent of the Nifty 50 index group, with a market capitalisation of ₹1.26L Cr. See more Nifty 50 stocks.

How the BRITANNIA Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Britannia Industries's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

BRITANNIA analysis, FAQs

Is Britannia Industries (BRITANNIA) a good buy?

On the numbers, Britannia Industries (BRITANNIA) worth a closer look, a Downstox Snapshot Score of 55/100, weighing expensive at 49.7× earnings, ROE of 53.6%, a 45% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is BRITANNIA overvalued or undervalued?

BRITANNIA trades at 49.7× earnings versus a peer median of 49.7×, so it screens richer than its FMCG peers.

What is the BRITANNIA share price target for 2031?

BRITANNIA's probability-weighted 2031 median target is ₹4,500, with an 80% range of ₹2,528₹8,064 (10,000-path Monte-Carlo).

What is the probability BRITANNIA doubles in 5 years?

The modelled probability of BRITANNIA reaching ₹10,390 (2×) within 5 years is 3%.

What is the bull case for BRITANNIA?

High return on equity (53.6%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise. Strong ROCE (56.0%) shows the core business earns well above its cost of capital. Relatively low volatility (20%/yr), a steadier ride than the typical mid/small-cap.

What are the risks in BRITANNIA?

A rich 49.7× P/E leaves a thin margin of safety if growth slows. A steep 24.6× price-to-book means most of the value is intangible/expectations, not assets on the books.

More on BRITANNIA