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Britannia declines 5% as Q2 revenue slightly misses analysts' expectations

Total revenue from operations climbed 12.15 per cent to Rs 3,419.11 crore during the quarter under review.

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SI Reporter New Delhi
Shares of Britannia Industries slipped as much as 5 per cent to Rs 3,585 apiece on the BSE on Tuesday, a day after the company reported a 22.96 per cent increase in consolidated net profit at Rs 495.20 crore for the quarter ended September.

Total revenue from operations climbed 12.15 per cent to Rs 3,419.11 crore during the quarter under review as against Rs 3,048.44 crore in the year-ago period. READ MORE

According to analysts, Britannia's revenue growth moderation for the quarter under review was a shade higher than expectations. However, its margins remained strong from continuing cost

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First Published: Oct 20 2020 | 10:07 AM IST

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