The company had posted a consolidated net profit of Rs 300.07 crore in the same quarter last fiscal, Britannia Industries said in a regulatory filing
On January 14, Berger Paint's stock surged strongly and made a new record high, supported with a noticeable rise in volume
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The company's profit before tax (PBT) stood at Rs 498 crore, up 8.5 per cent YoY.
Growth in sales driven by better product mix and price hikes
Net sales were up 5.88 per cent to Rs 3,022.91 crore during the quarter under review as against Rs 2,854.81 crore of the corresponding quarter previous fiscal.
Analysts estimate low single-digit volume growth, the lowest since June 2017 quarter; companies will need to clock double-digit volume growth in second half to touch FY19 levels
With festival season round-the-corner, companies are hoping for a pick-up in the overall consumption, which along with the cut in corporation tax, would aid earnings growth over the next few quarters
Here are the technical recommendations by Vinay Rajani, Technical & Derivatives Analyst, HDFC Securities.
Views on derivative call by Nandish Shah, Senior Technical & Derivative Analyst, HDFC securities.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Intra-day, Britannia's stock price rose as much as 7.5 per cent, closing trade at Rs 2,678.8 a share
The FMCG major said slowdown had been witnessed in the last five to six months and the period till January would 'not be easy'
The company has 25-30 milk centres in Maharashtra that collect up to 25,000 litres of milk daily
Inflationary pressure and competitive intensity could impact the profitability of biscuitmaker
Britannia to opt for four per cent price hike in a select portfolio and pack sizes to mitigate rising input costs
During the quarter, the company also posted an exceptional expense of Rs 15.61 cr on account of voluntary retirement cost incurred in one of its subsidiaries
Britannia termed the speculations as 'false' as well as 'incorrect and baseless'
Britannia Industries violated listing regulations by not reporting the arrest of its promoter and director, says proxy advisory and corporate governance firm.
Company disclosed on Thursday it had lent Rs 675 crore to associate firms