Britannia Inds at lifetime high on robust Q3 nos

Britannia Industries has soared 7% at Rs 528 on reporting a robust 45% year-on-year (y-o-y) growth in net profit at RS 54.10 crore for the third quarter ended December, driven by a healthy blend of volume, mix, pricing and operational efficiencies. Total revenue grew 15% at Rs 1,247 crore on y-o-y basis.

“There is a 130 basis points improvement in profit from operations and our focus continues to be on commercialising consumption opportunities both in the bakery and dairy business,” said Vinita Bali, managing director of Britannia Industries.

As many as 88,266 shares have already changed hands on the counter so far against an average 50,000 shares that were traded daily in past two weeks on the NSE and BSE.