Britannia’s rerating depends on success in new segment

New Delhi: A sharp fall in September quarter profits plunged their shares as much as 4 per cent in Tuesday’s trade, even as some brokerages opted to keep their price targets for the stock unchanged. Analysts said the stock could be in for some underperformance in the short term. ICICI Securities believes that the consensus … Read more

Britannia Q2 results: Consolidated PAT drops 23% YoY, misses estimates; Sales up 5.5%

MUMBAI: Today its consolidated net profit declined by 23 per cent year-on-year to Rs. 384.22 crore for the quarter ended September, which was below analysts’ expectations. 447 crores. The biscuit maker’s consolidated total revenue from operations, however, grew 5.5 per cent year-on-year to Rs. 3,607.4 crore for the reported quarter, which was largely in line … Read more