Amnish Aggarwal's Big Bets for 2026: Britannia, Defence Stocks & Kajaria Ceramics Outlook

• Amnish Aggarwal of PL Capital shared his top investment picks for 2026, focusing on FMCG and defence sectors.
• He is bullish on Britannia Industries, citing strong momentum, easing raw material costs, and GST benefits, projecting 15-18% PAT CAGR and 15% upside.
• Aggarwal recommends defence stocks like Hindustan Aeronautics and Bharat Electronics for steady compounding returns, despite recent corrections, due to strong order books.
• Regarding Kajaria Ceramics' fraud case, he views it as a headline risk, emphasizing that the long-term impact hinges on the company's response and corrective actions.
• If Kajaria Ceramics' financial impact is minor and steps are taken promptly, the issue could be a temporary phase.

Why It Matters: Aggarwal favors Britannia and defence stocks for 2026, while Kajaria Ceramics' future depends on its fraud response.