BRITANNIA.NSE Britannia Industries Ltd.
291
5,165.35
107.45
(2.12%)
| Watchers | 291 |
| 52-Wk Low | 4,347.70 |
| 52-Wk High | 5,386.05 |
| Market Cap | 1.22T |
| Volume | 1.16M |
| 52-Wk High | 5,386.05 |
| 52-Wk Low | 4,347.70 |
Fewer positive surprises from India Inc's Q4 scorecard caps earnings upgrade: Kotak analystsMoneycontrol • about 2 hours ago
Kotak analysts say that India Inc has failed to deliver any significant positive surprises in Q4, which is in sharp contrast with the high expectations and valuations seen on the Street
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The company is aiming for a double digit volume growth this year, the management said in a post earnings con call.
Britannia Industries market share saw some revival, as a result of the pricing action taken to remain competitive.
The total revenue of the company was at Rs 4,069.36 crore, rising 1.14 percent from Rs 4,023.18 crore in the year-ago quarter.
Britannia Industries' business volumes in Q4FY24 are likely to grow in the mid-single digits, according to experts.
Varun Beverages and Britannia Industries hit a six-week low in FII ownership, while Dabur India and Godrej Consumer Products recorded their lowest FII ownership since December 2015.
The Lok Sabha elections may create a temporary surge in demand, with incremental sales of 6-8 percent in Q1FY25 for small packs of snacks and biscuits, Nuvama has said
For the Nifty, support is at 21,900-21,850 and, below this, the bears will have a wider room to run riot. The index may face resistance at 22,200-22,300. A decisive close above the zone can take it to record highs, say experts.
Looking ahead, while there might be another shake-off in the market in the near term, investors could view this as an opportunity to initiate fresh long positions.
In Q3, FIIs reduced their stake in Hindustan Unilever to 13.65 percent from the previous quarter's 13.90 percent. Their stake in ITC dropped to 43.26 percent from 43.34 percent, as per the latest shareholding pattern data from exchanges