Kotak Backs Britannia's New CEO Strategy, Lifts Target to Rs 6,175
Kotak maintains 'Add' on Britannia, nudging its target to Rs 6,175 as it backs CEO Rakshit Hargrave's push for low double-digit growth via protein snacks, premium biscuits, cheese (Bel Foods JV) and quick-commerce offerings. Aims for 300 bps growth acceleration over a 7.9% five-year CAGR.
Kotak maintains 'Add' on Britannia, raising target to Rs 6,175, backing new CEO Rakshit Hargrave's strategy to hit low double-digit growth via protein snacks, premium variants, cheese products (Bel Foods JV) and quick-commerce-focused offerings.
Why this matters
Follows Britannia's move to double down on biscuits and add 100,000 outlets a year amid dairy and bakery pushes, now backed by CEO Hargrave's premium and quick-commerce bets as FMCG channels shift.
Retail-brand signals are accelerating, up 303,600% QoQ.