 "Britannia")
As India gets on its feet amid ease in Covid-19-induced restrictions, and out-of-home consumption picks up, FMCG firm Britannia Industries’ bottom-line earnings may come under pressure owing to weaker sales on a quarterly basis, and increase in input costs.
“While Q3FY21 performance is likely to show signs of recovery led by sustained rural demand and gradual pickup in urban demand post unlock and normalization of supply chain, we believe margins for select players will start correcting QoQ given rising commodity costs and comeback of ad spends, marketing and overhead expenses,” say analysts at Prabhudas Lilladher.
That said, sustained rural demand due to
