In-line revenue; encouraging commentary for FY25E

07 May 2024
5 Min read 
  • Britannia Industries 4QFY24 results update
  •  Revenue growth in line with estimates
  •  Non-biscuit portfolio driving growth
  •  EBITDA margin contracted 50bp YoY
  •  Management expects double-digit volume growth in FY25
  •  Neutral rating with a TP of INR5,250
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