Britannia: An encore of Q2 show can take Britannia’s stock to greater heights

The stellar quarterly performance has set the stage for the new CEO to deliver on the investors’ expectations of driving product innovation, distribution expansion and increased digital focus.

Synopsis

Analysts have reason to be positive on Britannia. If the company can continue the growth momentum of the September quarter, it is likely to perform strongly over the next few quarters. However, it may become difficult if the overall consumer demand slows down further.

ET Intelligence Group: A better-than-expected performance with no one-offs, capped off with a confident management commentary in the earnings call, caused Britannia to surge more than 10% to a fresh record high of ₹4,189.9 on Monday.

Net sales in the September quarter rose 22% against expectations of 6-7%. Volume growth stood at 5%. The operating margin rose 70 basis points year-on-year to 16.4% despite the prices of key commodities such as

BY

ET Bureau

3 mins read, Last Updated:

Nov 08, 2022, 08:20 AM IST

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