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Britannia Q1 Results Review - Volumes Recover With Share Gains; Margins Could Remain Range-Bound: Systematix

The brokerage maintains its Hold rating on the stock with a target price of Rs 5,510 based on 50 times FY26E EPS (unchanged), in line with the past five-year average multiple.

<div class="paragraphs"><p>Good Day brand cookies made by Britannia Industries. (Photo: NDTV Profit)</p></div>
Good Day brand cookies made by Britannia Industries. (Photo: NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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