This Food Processing Industry Stock Declared 5650% Dividend in 2022: Quick Facts

1. Britannia Industries Dividend history

The company has a solid dividend history. It declared an equity dividend of 5650% amounting to Rs 56.5 per share for the year ending March 2022. The dividend by announced by the company's board of directors on May 2, 2022 and its ex-dividend date was June 20, 2022. If the current share price of Britannia is considered, the dividend yield is turning out to be 1.63%. The company has an outstanding dividend track record and regularly declared dividends in the last 5 years without fail. If you notice the dividend payouts in the previous years, you will notice that it consistently declares solid dividend.

2021 Dividend: For the year 2021, Britannia Industries announced on March 30 an interim dividend of 6200% amounting to Rs 62 per share.

2020 Dividend: For the year 2020, it announced a special dividend of 1250% amounting to 12.50 per share and an interim dividend of 8300% amounting to Rs 83 per share on September 17, 2020. The company announced an interim dividend of 3500% on April 20, 2020 amounting to Rs 35 per share.

2. Britannia Industries Stock Outlook

The current market price of the Britannia Industries Ltd is Rs 3478 apiece at the time of writing the story. The 52-week high is Rs 4153 apiece and 52-week low is Rs 3050 apiece. The market capitalization is Rs 83,846 crore. The PE is 55 which is lesser than sector PE of 62.67 and the EPS is 63.31. The stock has given a negative return of 5.14% in one year and a positive return of 91.48% in 5-years. The company has been effectively using its capital to generate profit. Brokers have upgraded their recommendations about the target price of the stock.

3. Britannia Industries Q4 Result

On May 4, 2022 Britannia declared a surge of 4.96% in its consolidated net profit at Rs 377.95 crore for Q4 ending March 2022. It declared a surge in its revenue from operations of 13.40% to 3,550 crore during the quarter under review.

4. Britannia Industries Overview

Britannia Industries has emerged as one the most trusted food brands and manufactures brands such as Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold which are household names in India. It declares annual revenues in excess of Rs 9000 crore. Britannia Industries portfolio includes biscuits, bread, cakes, rusk, and dairy products including cheese, beverages, milk and yoghurt.

Britannia products are available across the country in close to 5 million retail outlets and reach over 50% of Indian homes, according to website. Britannia Industries dairy business contributes close to 5 per cent of revenue and Britannia dairy products directly reach 100,000 outlets. Britannia Bread is the largest brand in the organized bread market with an annual turnover of over 1 lac tons in volume and Rs.450 crores in value.

The business operates with 13 factories and 4 franchisees selling close to 1 mn loaves daily across more than 100 cities and towns of India. The company has a presence in more than 60 countries. Its international footprint includes presence in Middle East through local manufacturing in UAE and Oman, are the No 2 biscuit player in UAE with a strong contention to leadership and have a similarly strong market position in the other GCC (Gulf Cooperation Council) countries.

Britannia belongs to the Wadia Group. Nusli N Wadi is the chairman of the company and Varun Berry is the managing director.