Britannia zooms 10% on robust Q2 revenue growth; enters Rs 1 trn m-cap club

In Q2FY23, Britannia's consolidated sales grew 22 per cent YoY and 19 per cent QoQ at Rs 4,338 crore, aided by a mid-single digit volume growth.

Shares of Britannia Industries hit an all-time high of Rs 4,181.40 on zooming 10 per in Monday’s intra-day trade after the company reported a robust revenue growth, with its market share reaching new 15-year high in the September quarter (Q2FY23).

The stock of the leading food company has surpassed its previous high of Rs 4,152.05, touched on September 14, 2021. A sharp rally in the stock price, has helped Britannia enter in league of Rs 1 trillion market capitalization (m-cap) club. The company’s m-cap touched Rs 1.01 trillion in intra-day trade today.

In Q2FY23, Britannia’s consolidated sales grew