Prabhudas Lilladher Recommends 'BUY' on Britannia Industries, Sets Target at Rs 6972

• Prabhudas Lilladher maintains a 'BUY' rating for Britannia Industries with a revised target price of Rs 6972.
• Britannia expects higher growth in coming quarters, with Nov/Dec showing 12% double-digit sales growth.
• New management focuses on B2C platforms, market interventions, increased innovations, and Ecom/Quick commerce.
• Gross margins are expected to sustain above 40% due to favorable wheat sowing, benign prices of sugar and packaging, and potential reduction in import duty on cashews and nuts.
• Positive outlook driven by anticipated volume growth post-GST transition, successful new launches, and entry into new categories.