Britannia Industries Limited is one of India’s oldest and most trusted food companies, with a legacy spanning over 100 years. Headquartered in Kolkata and part of the Wadia Group, it is a market leader in biscuits (with brands like Good Day, Tiger, and NutriChoice) and has diversified into bread, dairy, cakes, and beverages. As of January 2026, Britannia remains a premium FMCG stock with industry-leading profitability, strong brand equity, and consistent cash flows—though it trades at an elevated valuation that reflects its quality. This article presents a data-driven outlook on the Britannia Industries share price target for 2026–2030.
Britannia Industries: Company Overview
- Founded: 1918
- Managing Director: Mr. Varun Berry
- NSE Symbol: BRITANNIA
- Core Segments: Biscuits (75%), Dairy (10%), Bread & Cakes (10%), Others (5%)
- Market Position: #1 in branded biscuits in India; among the top 3 FMCG companies by ROE
Britannia benefits from pricing power, rural penetration, and a loyal customer base. It has successfully navigated input cost inflation through premiumization and operational efficiency.
Britannia Industries: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹5,930 |
| Market Capitalization | ₹1,42,916.79 Cr |
| No. of Shares Outstanding | 24.09 Cr |
| 52-Week High / Low | ₹6,473 / ₹4,506 |
| P/E Ratio (TTM) | 62.07 |
| P/B Ratio | 43.73 |
| EPS (TTM) | ₹95.59 |
| Book Value (TTM) | ₹135.69 |
| ROE | 57.48% |
| ROCE | 56.34% |
| Dividend Yield | 1.26% |
| Face Value | ₹1 |
| Cash | ₹105.64 Cr |
| Debt | ₹1,216.55 Cr |
| Promoter Holding | 50.55% |
| Sales Growth (YoY) | 6.86% |
| Profit Growth (YoY) | 2.34% |
Britannia Industries Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹6,200 – ₹6,700 |
| 2027 | ₹6,500 – ₹7,100 |
| 2028 | ₹6,800 – ₹7,500 |
| 2029 | ₹7,100 – ₹7,900 |
| 2030 | ₹7,400 – ₹8,300 |
Britannia Industries Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹6,200 | ₹6,700 |
Britannia reported modest 2.34% YoY profit growth in FY2025 due to high input costs and competitive intensity in biscuits. However, its ROE of 57.48% and ROCE of 56.34% remain among the highest in the FMCG sector. Trading at a P/E of 62x and P/B of 43.7x, the stock reflects a premium valuation typical of elite consumer franchises. The 2026 target range assumes stable margins and no major disruption in core categories.
Britannia Industries Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹6,500 | ₹7,100 |
If the company sustains 8–10% earnings growth through premiumization and dairy expansion, EPS could reach ₹100–₹105 by FY27. Assuming a P/E of 62–64x, the 2027 target is justified.
Britannia Industries Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹6,800 | ₹7,500 |
By 2028, benefits from new product launches (e.g., protein biscuits, functional foods) and rural distribution should reflect in margins. A P/E of 63–65x on projected EPS of ₹105–₹110 supports the ₹6,800–₹7,500 band.
Britannia Industries Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹7,100 | ₹7,900 |
Long-term tailwinds include rising disposable income, urbanization, and branded consumption. If competition doesn’t erode pricing, EPS could reach ₹110–₹115 by FY29. At a P/E of 64–66x, the 2029 target is achievable.
Britannia Industries Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹7,400 | ₹8,300 |
Over a five-year horizon, Britannia remains a quality compounder—not a value stock. A terminal P/E of 65–68x on FY30 EPS (~₹114–₹122) justifies the ₹7,400–₹8,300 range.
Britannia Industries: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Wadia Group) | 50.55% |
| Domestic Institutional Investors (DII) | 19.39% |
| Foreign Institutional Investors (FII) | 15.02% |
| Public & Others | 15.04% |
High promoter holding ensures strategic continuity. Strong institutional ownership (34.41%) reflects analyst coverage.
Britannia Industries: Strengths vs Risks
Strengths:
- Industry-leading ROE (57.48%) and ROCE (56.34%)
- Iconic brands with pricing power
- Consistent dividend payer (1.26% yield + 80%+ payout)
- Minimal debt (Net Debt/EBITDA < 0.5x)
Risks:
- Extremely high P/B (43.7x) offers no margin of safety
- Slowing profit growth (2.34%) due to input cost pressure
- Intense competition from Parle, ITC, and Patanjali
- Limited international presence
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Lower than market average |
| Dividend/Income Potential | Moderate (1.26% yield + consistent payouts) |
| Best For | Quality-focused investors seeking exposure to India’s branded consumption story |
FAQs
Is Britannia giving bonus shares?
No. Britannia has not issued bonus shares since listing. The last corporate action was a stock split in 2012 (Face Value reduced from ₹10 to ₹1). Bonus issuance is unlikely given its focus on dividends.
Are Britannia shares good to buy?
Only for long-term, quality-focused portfolios. Avoid if you seek low-valuation or high-growth stocks. Its premium valuation demands flawless execution.
What is the target price for Britannia?
Based on fundamentals and sector trends, the Britannia share price target 2026 is ₹6,200 – ₹6,700.
Why is the Britannia share falling?
Recent underperformance stems from:
- Slower-than-expected profit growth (2.34%)
- High input costs (palm oil, wheat)
- Profit-taking after a strong multi-year run
- Market rotation toward value sectors (PSU banks, energy)
However, underlying demand remains robust—volume growth in biscuits and dairy is steady.
Final Verdict
Britannia Industries remains India’s gold standard in branded food—a fortress balance sheet, unmatched ROE, and timeless brands justify its premium. While not cheap, it offers reliable compounding for patient investors.
Our Britannia share price target 2026–2030 (₹6,200 to ₹8,300) reflects steady earnings growth and sustained investor confidence. Upside is capped by valuation; downside is cushioned by brand strength and cash flow resilience.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Britannia Consolidated Page (FY2025 + TTM)
- Finology Ticker – BRITANNIA Financials & Analysis
- Groww.in – Britannia Stock Profile
- Britannia Investor Presentation (Q3 FY26, Jan 2026)
- Euromonitor FMCG Report India 2025
