Antique Recommends Britannia Shares, Projects ₹7,000 Target Price with 'Buy' Rating
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Britannia shares could hit ₹7,000: Antique initiates 'buy' rating despite current dip
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CNBC TV18•12-03-2026, 10:12
Britannia shares could hit ₹7,000: Antique initiates 'buy' rating despite current dip
•Brokerage firm Antique initiated coverage on Britannia Industries with a 'buy' rating and a price target of ₹7,000 per share.
•This target represents an 18.2% upside potential from its previous close, despite shares declining over 1% on Thursday, March 12.
•Antique's conviction is based on premiumisation in biscuits, scaling high-margin categories, distribution expansion, GST, and stable raw material prices.
•Britannia reported strong Q3 earnings: standalone net profit rose to ₹682.1 crore, revenue increased 8.2%, and EBITDA was up 16%.
•Out of 40 analysts, 31 recommend 'buy', 7 'hold', and 2 'sell' for Britannia stock.
