Britannia: Overall business outlook expected to be robust going ahead

Stock hits all-time high on growth uptick in April, May

The Britannia stock hit its all-time high on Wednesday, before closing at Rs 3,510.25 apiece. This was despite a muted March quarter (Q4) performance — reported on Tuesday after market hours — and expensive valuation.

Sales growth of 24 per cent in the first two months of the June quarter, pointing to strong growth levers, enthused the Street. This was mainly on account of the first-mover advantage.

According to the management, Britannia improved its network to reach customers before peers during the initial phase of the lockdown, when others were struggling with supply chain issues.