{"title":"Britannia Industries: A Valuation Dilemma","authors":"Varun Dawar, Arit Chaudhury","doi":"10.1177/09728201241241411","DOIUrl":null,"url":null,"abstract":"Abhay Khanna, an independent financial advisor based in Delhi, consistently seeks out companies with strong fundamentals and potential for long-term growth to benefit his clients. Recently, he assessed the financial records of Britannia Industries, a prominent Indian food company, wondering whether it might be undervalued in the current market. To assess this, he employed the widely used multi-stage dividend discount model to determine its intrinsic value. This involved forecasting Britannia Industries’ future financial statements and dividends, prompting Abhay to carefully consider various assumptions and predictions to identify a potentially undervalued investment opportunity. This scenario presents students with the role of equity research analysts tasked with evaluating Britannia Industries’ financial worth using dividend discount valuation techniques.","PeriodicalId":41247,"journal":{"name":"Asian Journal of Management Cases","volume":"16 1","pages":""},"PeriodicalIF":0.1000,"publicationDate":"2024-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asian Journal of Management Cases","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/09728201241241411","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"MANAGEMENT","Score":null,"Total":0}
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Abstract
Abhay Khanna, an independent financial advisor based in Delhi, consistently seeks out companies with strong fundamentals and potential for long-term growth to benefit his clients. Recently, he assessed the financial records of Britannia Industries, a prominent Indian food company, wondering whether it might be undervalued in the current market. To assess this, he employed the widely used multi-stage dividend discount model to determine its intrinsic value. This involved forecasting Britannia Industries’ future financial statements and dividends, prompting Abhay to carefully consider various assumptions and predictions to identify a potentially undervalued investment opportunity. This scenario presents students with the role of equity research analysts tasked with evaluating Britannia Industries’ financial worth using dividend discount valuation techniques.
期刊介绍：
Asian Journal of Management Cases is a peer-reviewed journal that aims at providing high-quality teaching material to academics, consultants, and management developers, through cases on management practices in the socioeconomic context of developing Asian countries. The journal covers all administrative disciplines including accounting and finance, business ethics, production and operations management, entrepreneurship, human resource management, management information systems, marketing, organizational behaviour, strategic management, and managerial economics. Each issue of Asian Journal of Management Cases comprises four to five original case studies. Teaching cases should be accompanied with a Teaching Note (TN). Even though the TN will not be published, it is necessary for the review process and can be obtained by contacting the authors directly. Please refer to the online submission guidelines for details on writing a teaching note. AJMC does not publish pure research or applied research based on field studies (not case studies). The journal is published in March and September every year with thematically focused issues occasionally.
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