Now Reading: Britannia Shares Rally 4% on Stronger Quarter-End Growth
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Britannia Shares Rally 4% on Stronger Quarter-End Growth
Britannia Industries shares rose about 4% to Rs 5,652 on Friday after the biscuit maker reported stronger June-quarter earnings and improving demand. Sources differ slightly on net profit, putting it at Rs…
The Story in Brief
Britannia Industries shares rose about 4% to Rs 5,652 on Friday after the biscuit maker reported stronger June-quarter earnings and improving demand. Sources differ slightly on net profit, putting it at Rs 591 crore or Rs 593 crore, up about 14% year-on-year. Revenue rose about 8% to Rs 5,000 crore, while reported sales growth reached 9.5% in one account. Brokerages said volume growth was 9%, above their 5% to 6% expectations. Management said the company exited the quarter with mid-teens revenue growth. E-commerce and general trade gained, while international operations recovered as supply constraints eased.
The Indian Opinion
The easy story is that a 4% rise proves Britannia has turned the corner. The equally lazy counter-story is that a margin miss makes the result poor. Both overlook the real test: whether stronger quarter-end demand survives cost pressure from crude, fuel and shipping. Brokerages remain split, with ratings ranging from Buy to Underperform. Investors should watch two numbers in the next quarter: volume growth and operating margin, rather than treating one day’s share move as proof.
Sources (5): ndtvprofit.com, ndtvprofit.com (2), economictimes.indiatimes.com, ndtvprofit.com (3), retail.economictimes.indiatimes.com
This story was synthesised by AI from the 5 sources linked above.
Updated: this story now draws on 5 sources.
