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Britannia Industries Limited BRITANNIA.NS

IN · National Stock Exchange of India · XNSE · stock · Consumer Defensive · website

Britannia Industries Limited statistics & valuation

Market cap₹1.34T
P / E52.8×
P / S7.1×
P / B26.2×
P / FCF55.6×
Dividend yield1.35%
Net margin13.4%
Return on equity49.6%
FCF margin12.8%
Net debt₹11.8B
Enterprise value USD$14.2B
Earnings yield EBIT/EV2.4%
Return on capital57.8%
Graham number -87.3%₹708.32

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹708.32); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
14.50% 12.90% 12.40% 13.40% 2023202420252026
Gross margin (%)
39.70% 42.30% 39.10% 40.60% 2023202420252026
Operating margin (%)
16.30% 17.30% 16.40% 17.00% 2023202420252026
Return on equity (%)
65.70% 54.30% 50.00% 49.60% 2023202420252026
Shares outstanding
240.9M 240.9M 240.9M 240.9M 2023202420252026
Net debt (₹)
₹29.05B ₹17.52B ₹11.31B ₹11.78B 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
24.80% 23.60% 24.70% 26.00% 2023202420252026
Free cash flow margin (%)
11.40% 12.20% 12.10% 12.80% 2023202420252026
Debt / equity (×)
0.85× 0.53× 0.29× 0.27× 2023202420252026
EPS (₹)
₹96.39 ₹88.84 ₹90.45 ₹105.18 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Britannia Industries Limited trades at about 52.8× earnings — near its 10-year norm (10-year range 47.2×–60.1×, median 54.4×).

47.2× 60.1×

Shaded band = 10-year range (47.2×–60.1×); dot = today's 52.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin40.6%39.1%42.3%39.7%
Operating margin17.0%16.4%17.3%16.3%
Net margin13.4%12.4%12.9%14.5%
FCF margin12.8%12.1%12.2%11.4%
Return on assets26.0%24.7%23.6%24.8%
Return on equity49.6%50.0%54.3%65.7%
Debt / equity0.06×0.16×0.23×0.44×
Current ratio1.121.081.191.15

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.