EN DE

Britannia Industries Limited (500825) Fair Value & Analysis

Other · IN · Market cap ₹855B

BI Britannia Industries Limited 500825 · BSE
Price₹5,550
Fair Value₹1,289
Upside-76.8%
Quality73/100
Watch Britannia Industries Limited for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Solidly profitable · 14.2% net margin
Low debt
3.36% dividend yield
Mixed vs. peers (7/13)
Wide moat 80/100
Evidence: High Range ₹883.31 – ₹1,630 Share as image

Fair value as of: Aug 14, 2026

From 26 valuation models · updated today

Share price +6.1% over the past month.

A solid business, but screening 77% overvalued on our models.

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (₹1,630). The favourable scenario is already priced in.
  • A fairly wide model range (₹883.31 to ₹1,630) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹6,259 ₹2,867 Fair Value ₹1,289 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range ₹2,867 – ₹6,259 · fair‑value band ₹883.31 – ₹1,630 · the ₹5,550 price screens above the ₹1,289 fair value. Dashed = 300-day average. As of Aug 14, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Britannia Industries Limited (500825) currently trades at ₹5,550, while our model-based Fair Value estimate is ₹1,289, implying the stock looks roughly 76.8% overvalued today. The Quality Score stands at 73/100 (solid quality), in the Other sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Britannia Industries Limited generated revenue of ₹127B at a net margin of 14.2%. Revenue grew 12.1% year over year. It earns a return on equity of 56.0%. The stock trades on a trailing P/E of 73.8. Fundamentals as of Aug 14, 2026

Our scenario range runs from ₹883.31 (bear case) to ₹1,630 (bull case); at ₹5,550, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 12% above its 52-week low, currently above its 200-day average. For context, the median of 10 Other peers we cover trades at -24% fair-value upside, at -77%, 500825 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹121.16 to ₹2,211). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹1,081 ₹1,816 ₹3,061 80
Residual Income ₹556.11 ₹656.59 ₹3,159 76
Rev-Margin DCF ₹840.72 ₹1,365 ₹1,994 74
All 26 models by family
DCF Models
FCF DCF ₹1,066 ₹1,802 ₹3,030 38
Owner Earnings ₹1,072 ₹1,812 ₹3,046 31
5Y Revenue Exit ₹840.72 ₹1,365 ₹2,042 39
5Y EBITDA Exit ₹929.89 ₹1,537 ₹2,257 41
5Y P/E Exit ₹1,032 ₹1,735 ₹2,492 38
10Y Revenue Exit ₹882.47 ₹1,396 ₹2,107 36
10Y EBITDA Exit ₹967.24 ₹1,520 ₹2,280 37
10Y P/E Exit ₹1,035 ₹1,663 ₹2,469 35
Earnings-Based
Graham-Dodd ₹615.08 ₹2,211 ₹2,980 54
Lynch FV ₹522.37 ₹746.24 ₹970.11 50
PEG = 1.0 ₹522.37 ₹746.24 ₹970.11 46
EPV ₹971.61 ₹1,147 ₹1,304 59
Dividend Discount
Gordon GGM ₹705.87 ₹1,541 ₹2,593 70
DDM Multi-Stage ₹705.87 ₹1,262 ₹1,606 61
Multiples
P/E Multiple ₹1,153 ₹1,538 ₹1,922 63
P/S Multiple ₹838.03 ₹1,117 ₹1,397 58
P/B Multiple ₹406.88 ₹542.50 ₹678.13 55
EV/EBIT ₹1,218 ₹1,632 ₹2,046 53
EV/EBITDA ₹960.59 ₹1,289 ₹1,617 54
EV/Revenue ₹758.08 ₹1,093 ₹1,429 43
Asset-Based
NCAV (Graham) ₹90.42 ₹121.16 ₹180.83 50
Growth DCF
Growth DCF ₹1,081 ₹1,816 ₹3,061 80
Rev-Margin DCF ₹840.72 ₹1,365 ₹1,994 74
Economic Profit
Residual Income ₹556.11 ₹656.59 ₹3,159 76
ROIC Compounder ₹1,039 ₹1,312 ₹1,621 72
Growth Earnings
Growth-Adj P/E ₹877.70 ₹1,254 ₹1,630 68

Widest divergence: DCF Models (₹1,537) versus Asset-Based (₹121.16). Highest evidence: Growth DCF (80).

Notify me when 500825 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹127B
Revenue growth (YoY) +12.1%
Net margin 14.2%
Return on equity 56.0%
P/E ratio 73.8
Operating margin 17.0%
More key figures
EPS (TTM) ₹74.45
Dividend yield 3.4%
EPS growth (YoY) +22.9%

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 71 · Market factors (momentum, volatility) 54

Profitability 91
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Britannia Industries Limited manufactures and sells various food products primarily in India. The company offers bakery products, such as biscuit, bread, cake, and rusk; dairy products, including milk based beverages, cheese, dahi, and dairy whiteners; and cream wafers, center filled croissants, and salted snacks.

Full company description

Britannia Industries Limited manufactures and sells various food products primarily in India. The company offers bakery products, such as biscuit, bread, cake, and rusk; dairy products, including milk based beverages, cheese, dahi, and dairy whiteners; and cream wafers, center filled croissants, and salted snacks. It primarily offers its biscuits under the Good Day, Crackers, NutriChoice, Marie Gold, Tiger, Milk Bikis, Jim Jam + Treat, Bourbon, Little Hearts, Pure Magic, and Nice Time names; and cakes under the Gobbles, Tiffin Fun, Nut & Raisin, Muffills, Layerz, Rollyo, and fudgeit names, as well as center filled croissants under the Treat brand. The company also exports its products to approximately 79 countries worldwide. Britannia Industries Limited was founded in 1892 and is based in Bengaluru, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Britannia Industries Limited reported revenue of ₹179B in FY2025 versus ₹131B in FY2021, a compound +8.1%/yr. Reported net income was ₹21.8B in FY2025, compounding +4.0%/yr from FY2021.

Growth Quality 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
₹179B
Latest YoY
+7.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.1%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.2%
Revenue +8.1%/yr
FY21 ₹131B
FY22 ₹141B
FY23 ₹163B
FY24 ₹168B
FY25 ₹179B
Net income +4.0%/yr
FY21 ₹18.6B
FY22 ₹15.2B
FY23 ₹23.2B
FY24 ₹21.4B
FY25 ₹21.8B

500825 screens 77% overvalued. Compare with Federal Home Loan Mortgage Corporation →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Britannia Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/500825

Peer Group

Other · 386 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 73 · Top 25%
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 56% · Top 25%
Return on assets 19% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 12% · Top 25%
Dividend yield (TTM) 3.4% · Top 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Other median · lower = cheaper

P/E (TTM) 73.8× · Pricier than 75% of peers
P/B 19.64× · Pricier than 75% of peers
P/S (TTM) 6.76× · Pricier than 75% of peers
EV/EBITDA 36.8× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 10
FUTURE 61 · sector 0
PAST 100 · sector 0
HEALTH 92 · sector 97
DIVIDEND 67 · sector 0

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
Federal Home Loan Mortgage Corporation FREJO $15.58 $51.90 +233%
533278 533278 ₹409.15 ₹660.78 +62%
Nestl?? India Limited 500790 ₹1,497 ₹191.93 -87%
ITC Limited 500875 ₹279.50 ₹212.74 -24%
540376 540376 ₹4,044 ₹1,538 -62%
540777 540777 ₹536.00 ₹149.72 -72%
Lupin Limited 500257 ₹2,265 ₹1,983 -12%
Dabur India Limited 500096 ₹413.80 ₹122.93 -70%
540719 540719 ₹1,835 ₹872.41 -52%
524804 524804 ₹1,665 ₹1,303 -22%

Compare Britannia Industries Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Britannia Industries Limited (500825) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of ₹1,289 versus a price of ₹5,550, about −77% (overvalued).
What is the fair value of 500825?
Our model-based fair value for Britannia Industries Limited is ₹1,289 (as of Aug 14, 2026), built from audited fundamentals. The current price is ₹5,550.
What is the quality score of 500825?
Britannia Industries Limited has a Quality Score of 73/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Britannia Industries Limited (500825)?
Britannia Industries Limited reported trailing-twelve-month revenue of about ₹127B (latest available figure, as of Aug 14, 2026).
What is the net profit margin of 500825?
The net profit margin of Britannia Industries Limited is about 14.2%, meaning it keeps roughly 14.2% of revenue as net income. Based on the latest reported figures.
Does Britannia Industries Limited pay a dividend?
Britannia Industries Limited currently shows a dividend yield of about 3.36% relative to its recent price (as of Aug 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Britannia Industries Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.