Q4 impact: Britannia stock up 10%, logs sharpest intraday gain in 18 months

Britannia stock update: Upbeat outlook, healthy dividend triggers sharp rally in Britannia stock. Here's what bokerages say post Britannia's Q4 results.

Shares of Britannia Industries surged nearly 10 per cent to Rs 5,199.60, its sharpest intra-day rally in past 18 months, on the BSE in Monday’s intra-day trade on expectations of improvement in outlook. Further, the company's board has recommended the final dividend for the financial year ended March 31, 2024 (FY24) @ 7350 per cent i.e., Rs 73.5 per equity shares of Re 1 each.

The stock of packaged foods company recorded its sharpest intra-day surge since November 2022, when it rallied 10.2 per cent. At 11:51 am; Britannia was quoting 8 per cent higher at Rs 5,116, as compared