Britannia Industries (Britannia) is slated to announce its 4Q FY 2012 numbers. For the quarter, we expect Britannia to post decent 15.3% y o y growth in its top line to
Rs.1,299 cr aided by price hikes.
OPM is expected to in crease by 65bp y o y to 7.1%. The bottom line is expected to grow by 23.5 % y o y to Rs.53 cr, aided by good operational performance.
We maintain our Buy recommendation on the stock with a target price of Rs.650.
By Angel Broking, 6th Floor, Ackruti Star Central Road,MIDC, Andheri (E) , Mumbai-93
Main : (91-22) 3935 7600 Extn : 6956 Website : www.angelbroking.com
Rs.1,299 cr aided by price hikes.
OPM is expected to in crease by 65bp y o y to 7.1%. The bottom line is expected to grow by 23.5 % y o y to Rs.53 cr, aided by good operational performance.
We maintain our Buy recommendation on the stock with a target price of Rs.650.
By Angel Broking, 6th Floor, Ackruti Star Central Road,MIDC, Andheri (E) , Mumbai-93
Main : (91-22) 3935 7600 Extn : 6956 Website : www.angelbroking.com
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