Strength prevails in Britannia Industries counter

Britannia Industries rose 2.06% to Rs 714.55 at 13:55 IST on BSE, extending recent rally triggered by the company reporting strong Q4 March 2013 earnings on 24 May 2013.

Meanwhile, the S&P BSE Sensex was down 322.82 points, or 1.60%, to 19,892.58.

On BSE, 42,000 shares were traded in the counter as against an average daily volume of 31,234 shares in the past one quarter.

The stock hit a high of Rs 719 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 701 so far during the day. The stock had hit a 52-week low of Rs 400 on 7 November 2012.

The stock had outperformed the market over the past one month till 30 May 2013, rising 21.07% compared with the Sensex's 3.65% rise. The scrip had also outperformed the market in past one quarter, rising 45.76% as against Sensex's 7.18% rise.

The mid-cap FMCG company has equity capital of Rs 23.92 crore. Face value per share is Rs 2.

Britannia Industries after market hours on Friday, 24 May 2013, reported strong Q4 earnings. The stock is up 24.39% in the preceding five trading sessions from Rs 574.45 on 24 May 2013.

Britannia Industries' net profit jumped 65.7% to Rs 87.85 crore on 13.5% growth in net sales to Rs 1486.63 crore in Q4 March 2013 over Q4 March 2012.

Net profit rose 25.2% to Rs 233.87 crore on 12.5% growth in net sales to Rs 5564.38 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

On consolidated basis, Britannia Industries' net profit rose 30% to Rs 259.50 crore on 12.4% growth in net sales to Rs 6135.91 crore in FY 2013 over FY 2012.

Britannia Industries makes biscuits, bread, rusk, cakes and dairy products like cheese, butter and milk.

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