🪵 “Bombay Burmah: Biscuits, Dental Drills & Dodgy Land Sales – Is This the Wadia Group’s Catch-All Conglomerate or Just a Value Trap?”

India’s second-oldest listed company, 160 years young, with businesses ranging from tea to dentistry to Go First’s epic nosedive. So what exactly is Bombay Burmah… and more importantly, why is it even listed? 🍵🛫🦷

Here’s your full EduInvesting 13-point breakdown – legacy stock meets legacy confusion:

1. 📦 At a Glance

Bombay Burmah Trading Corporation Ltd (BBTCL) is a Wadia Group holding company that owns bits of:

• Britannia 🍪
• Bombay Dyeing 🧵
• Go Airlines (now grounded) 🛫
• National Peroxide 🧪
• Dental & ortho product units 🦷
• Plantation estates in Tamil Nadu & Tanzania 🌱

With ₹18,000+ Cr revenue and ₹2,199 Cr FY25 PAT, it trades at just 12x earnings. But scratch the surface, and you’ll find decades of family-driven cross-holdings, land deals, and balance sheet gymnastics.

2. 🏗️ WTF Do They Even Do?

“Everything and nothing. Simultaneously.”

BBTCL is an umbrella for the Wadia Empire’s leftovers and legacies:

• Britannia stake (50.55%) is the crown jewel
• Dental/Healthcare via Leased Subsidiaries (e.g., HOBBS Medical)
• Plantations (Tea/Coffee in South India, ex-Tanzania)
• Go Airlines: Filed for IBC in 2023
• Investments in National Peroxide + land parcels

So basically: FMCG meets Pharma meets Real Estate meets Airline NPA.

3. 📈 Financials – Profit, Margins, Growth

That’s a 2-year earnings swing of ₹2,700 Cr.
Why? Because Go First’s