Britannia Industries gains after decent Q3 numbers

Britannia Industries rose 1.51% to Rs 4,838.75 at 9:25 IST on BSE after consolidated net profit rose 19.6% to Rs 263.65 crore on 13% growth in net sales to Rs 2558.30 crore in Q3 December 2017 over Q3 December 2016.

The results were announced after market hours on Monday, 12 February 2018.

Meanwhile, the S&P BSE Sensex was up 111.46 points, or 0.32% to 34,411.93.

On the BSE, 2,981 shares were traded in the counter so far compared with average daily volumes of 17,334 shares in the past one quarter. The stock had hit a high of Rs 4,870 and a low of Rs 4,818.60 so far during the day. The stock hit a record high of Rs 4,963.70 on 8 December 2017. The stock hit a 52-week low of Rs 3,052 on 7 March 2017.

The stock had outperformed the market over the past 30 days till 12 February 2018, rising 1.30% compared with 0.84% fall in the Sensex. The scrip had underperformed the market in past one quarter, falling 0.40% as against Sensex's 4.12% rise. The scrip had outperformed the market in past one year, rising 45.63% as against Sensex's 20.98% rise.

The large-cap company has equity capital of Rs 24.01 crore. Face value per share is Rs 2.

Britannia Industries is one of India's leading food companies. Its product portfolio includes biscuits, bread, cakes, rusk, and dairy products including cheese, beverages, milk and yoghurt.

Powered by Capital Market - Live News