Bombay Burmah Trading Corporation Moat Analysis: Score & Risks
Bombay Burmah Trading Corporation Ltd.
A first-pass moat teardown of Bombay Burmah Trading Corporation Ltd., built from single-pass filing evidence. Free note — provisional, and the full two-pass deep dive may revise it.
First-pass narrow read — primary edge in Price Discretion. Provisional, single-pass evidence.
Bombay Burmah Trading Corporation Ltd. scores 4.91 on MoatSCORE 6.0 — a narrow moat in FMCG. This is a first-pass note: the dimensional read and the filing receipts below come from a single GFIP evidence pass, not the full two-pass deep corpus behind our flagship deep dives. Provisional — published free while the deep version is queued.
Seven dimensions of moat
Ordered by contribution. Each dimension carries a verified filing quote, graded [M] mechanism or [O] outcome.
“The Average Sale Price was higher than previous year by Rs. 14.92 Kg, mainly due to an increase in the auction price of 17% over last year.”
“For impairment testing, goodwill and trademark, i.e., intangible asset with indefinite life are allocated to the Cash Generating Unit (''CGU'') which represents the lowest level within the Group at which goodwill or trademark is monitored for internal management purposes.”
“The revenue of the Britannia Group consists primarily of sale of food products that are sold through distributors, modern trade and direct sale channels amongst others.”
“The margins from the tea segment remained negative, on account of high labour costs, pest attacks, and weaker than expected realisations from the export markets.”
D8 rating: ADEQUATE. Not part of the moat score — it governs the cost of equity and the fade window. First-pass; not yet deep-reviewed.
The barrier gate — first-pass
Effective barrier 5 — below 6, so the band is capped narrow. First-pass estimate.
Deep two-pass review. This draft rests on a single GFIP evidence pass; the full 10-year AR + concall corpus may move the read.
The barrier gate. A firmer replication or bypass estimate is the most likely thing to shift the band.
Adverse events. Any governance, regulatory or funding shock captured in D8 could re-rate the fade window.
Where this note fits. This company is one of 509 Indian companies we have scored for moat durability — 370 narrow, 126 narrow-trending-wide, none wide. Every score, dimension by dimension, is free in the Moat Screener.
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