Reduce Britannia Industries, target price Rs 4,850: Emkay Global Jobbery Stock Market update New

Emkay Global has issued a Reduce call on Britannia Industries, setting a target price of Rs 4,850 despite its current market price of Rs 4,992.3. Britannia, a major player in the FMCG sector, reported a slight decline in total income for the quarter ended December 2024, citing growth and margin challenges. Promoters hold a 50.55% stake, while FIIs own 16.46%.