Britannia Industries rose 1.33% to Rs 3,177 at 11:54 IST on BSE after consolidated net profit jumped 66.9% to Rs 190 crore on 13% growth in revenue to Rs 2003 crore in Q1 June 2015 over Q1 June 2014.
The Q1 result was announced during market hours today, 4 August 2015.
Meanwhile, the S&P BSE Sensex was down 34.01 points or 0.12% at 28,153.05.
On BSE, so far 73,000 shares were traded in the counter as against average daily volume of 26,552 shares in the past one quarter.
The stock was volatile. The stock rose as much as 3.34% at the day's high of Rs 3,240.05 so far during the day. The stock rose 0.4% at the day's low of Rs 3,148 so far during the day. The stock had hit a record high of Rs 3,250 on 31 July 2015. The stock had hit a 52-week low of Rs 1,085 on 5 August 2014.
The stock had outperformed the market over the past one month till 3 August 2015, surging 13.12% compared with Sensex's 0.34% rise. The scrip had also outperformed the market in past one quarter, jumping 42.95% as against Sensex's 4.35% rise.
The large-cap company has equity capital of Rs 24 crore. Face value per share is Rs 2.
Commenting on the company's Q1 performance, Mr. Varun Berry, Managing Director of Britannia Industries said that the results are a reflection of the company's focus on driving consumer off-take & operational efficiencies to generate sustainable and profitable growth, despite the slowdown that is being witnessed in the FMCG sector. Britannia Industries remains committed to tap new sources of growth and focus on commercializing consumption opportunities across its product portfolio, Berry said.
Britannia Industries makes biscuits, bread, rusk, cakes and dairy products like cheese, butter and milk.
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