Nestle India vs Britannia Industries
Britannia Industries trades below its peers' median P/E (21% below), Nestle India above it (40% above).
Nestle India earns the higher return on equity: 75.2% against 60.1%.
Nestle India grew revenue faster over three years: 8.0% a year against 4.7% a year.
Nestle India fires fewer of our forensic red flags: 0 of 25 judged against 2 of 30 judged.
The latest change on file is Britannia Industries', on 5 Nov 2026: Q2 FY2027 results filed.
Nestle India trades at a P/E of 60.21: 9th of 10 among its peers (peer median 43.1).
Nestle India: the full company page →Britannia Industries trades at a P/E of 43.12: 3rd of 9 among its peers (peer median 54.5).
Britannia Industries: the full company page →Nestle India and Britannia Industries, figure by figure
| Figure | Nestle India | Britannia Industries | Leads |
|---|---|---|---|
| Market cap | ₹2,45,571 Cr | ₹1,15,159 Cr | Nestle India, larger |
| P/E | 60.21 | 43.12 | Britannia Industries, cheaper |
| P/B | 42.67 | 28.17 | Britannia Industries, cheaper |
| Dividend yield | 1.0% | 2.0% | Britannia Industries, higher |
| ROE | 75.2% | 60.1% | Nestle India, higher |
| ROCE | 56.1% | 60.6% | Britannia Industries, higher |
| Profit margin | 15.8% | 13.0% | Nestle India, higher |
| Revenue growth, 3 years | 8.0% a year | 4.7% a year | Nestle India, faster |
| Profit growth, 3 years | 5.3% a year | 3.0% a year | Nestle India, faster |
| 1-year return | +0.8% | −22.1% | Nestle India, higher |
| 5-year return | +4.2% a year | +4.8% a year | Britannia Industries, higher |
| Quality score | 88.9 | 67.6 | Nestle India, higher |
| Our valuation view | Dear, low confidence (held for review) | Dear, low confidence | Level |
| Risk level | CLEAN | WATCH | Nestle India, lower |
| Forensic red flags | 0 red of 25 judged | 2 red of 30 judged | Nestle India, fewer |
The leading figure is in green: the lower for P/E, P/B, cost to income, NPAs, risk and red flags, the higher for the rest. P/E and P/B on the latest price; growth rates are yearly averages; returns are price only. Our valuation view and the red flags are explained on each company's page.
Which is bigger, Nestle India or Britannia Industries?
Nestle India is the bigger company by market value: ₹2,45,571 Cr against ₹1,15,159 Cr for Britannia Industries, about 2.1 times as large.
Nestle India market cap is ₹2,45,571 crore (large cap), making it the 35th largest listed company on the NSE.
Britannia Industries market cap is ₹1,15,159 crore (large cap), making it the 96th largest listed company on the NSE.
Which is cheaper on valuation, Nestle India or Britannia Industries?
Britannia Industries is the cheaper of the two on P/E: 43.12 against 60.21 for Nestle India.
On price to book, Britannia Industries is also the cheaper: 28.17 against 42.67.
Against their own peers' median P/E, Nestle India trades 40% above its own (43.1) and Britannia Industries trades 21% below its own (54.5).
Our valuation view: dear on Nestle India (low confidence) and dear on Britannia Industries (low confidence). The view weighs the multiples against each company's peers and its own history.
Which is more profitable, Nestle India or Britannia Industries?
Nestle India is the more profitable on return on equity: 75.2% against 60.1% for Britannia Industries.
ROCE: Britannia Industries 60.6%, Nestle India 56.1%.
Profit margin: Nestle India 15.8%, Britannia Industries 13.0%.
Which grew faster, Nestle India or Britannia Industries?
Nestle India grew faster over the last three years: revenue up 8.0% a year against 4.7% a year for Britannia Industries.
Profit growth, 3 years: Nestle India 5.3% a year, Britannia Industries 3.0% a year.
Which has cleaner accounts, Nestle India or Britannia Industries?
Nestle India has the cleaner accounts on our forensic checks: 0 red flags of 25 judged against 2 of 30 judged for Britannia Industries.
Nestle India: risk level CLEAN, 25 of 30 flags judged.
Britannia Industries: risk level WATCH, 30 of 30 flags judged.
A red flag is a figure out of line with what clean accounts show, not a finding of wrongdoing.
What these figures tell you
More comparisons
What this page rests on
Every figure is the one Nestle India's and Britannia Industries' own pages print, from their filings with the exchanges and our arithmetic on them; each company is set against its own peer set. A side-by-side reading of the figures on both company pages, not a recommendation to buy, sell or hold either share. Which figure matters more depends on what you are looking for.