 "The analysts also say that weak domestic remittances (due to reverse migration) and weak perishables output (in the past few months) do not leave rural households to spend much on FMCG and other products")
Britannia announced its December quarter results for FY21 (Q3FY21) post market hours on February 5, 2021. In the four trading sessions since (till Wednesday), the FMCG firm's stock has lost 3.2 per cent as compared to the benchmark S&P BSE Sensex's 1.13 per cent gain in the same period.
Analysts at Emkay said that Britannia's sales growth of 6 per cent in the quarter under review was "disappointing", even though margin gains remained strong.
"Slowdown in sales growth was due to sluggish category trends in MT and reversal of higher in-home consumption demand seen in Q1, with consumer shifting to
