Consumer staple companies such as Britannia, Hindustan Unilever and Nestle India have had to contend with inflation in key commodities such as palm oil, cocoa and sugar
The company, which sells 'Jim Jam' and 'NutriChoice' biscuits, reported a 5 per cent increase in consolidated net profit to Rs 582 crore ($66.43 million) for the three months ended December 31
Analysts and investors will keep an eye on management's commentary on the company's growth and margin outlook
The Union Government has raised the income tax exemption limit to Rs 12 lakh per annum under the New Tax Regime, Finance Minister Nirmala Sitharaman said while presenting the Budget 2025
Other stocks in CLSA's 2025 India portfolio include Reliance Industries, Tata Consultancy Services, ICICI Bank, ITC, Axis Bank, ONGC, SBI Life, Hindalco, Jindal Steel & Power and IndusInd Bank
In the past two occasions, Britannia share price more-than-doubled after the stock tested its super trend line support on the monthly scale. Will history repeat itself? Chart check here
Britannia Industries shares slipped 3 per cent in trade and registered an intraday low of Rs 4,748.15 per share
Higher inflation and lower purchasing by consumers, it seems, has taken a bite out of consumption-related stocks at the bourses, with most counters losing ground in the last few months
The company reported a 9.6 per cent decline in net profit, which stood at Rs 531.5 crore in the July-September quarter compared to the same period last year
Britannia reported its Q2FY25 results on Monday, after market hours. PAT declined by 9.6 per cent to Rs 531 crore
The biscuit major's profit before interest, tax, and depreciation was down 10.6 per cent at Rs 825.9 crore
The company, which sells Jim Jam and NutriChoice biscuits, reported a consolidated net profit of Rs 531 crore ($62.95 million) for the three months ended Sept. 30
Q2 company results, November 11: Shree Cements, Jubilant FoodWorks, Bank of India, NMDC, and Ramco Cements will release their Q2FY25 results today
In the past one month, the FMCG index has tanked nearly 11 per cent, as against 6 per cent decline in the BSE Sensex.
Varun Berry and Cecile Beliot discuss capturing a larger share of the cheese market in India
According to Nielsen, the consumer sector grew 4% Y-o-Y in Q1FY25, down from 6.6% in Q4FY24. Pricing saw a marginal increase of approximately 0.2 per cent, while volumes rose 3.8% Y-o-Y.