Page 5 - Britannia Industries

FMCG major Britannia to issue bonus debentures and payment of dividend

Britannia on Monday said its board has approved issuing bonus debentures and payment of dividend to reward its shareholders in such difficult and unprecedented times due to coronavirus pandemic

Packaged food firms may witness growth rebound soon, say analysts

While reports of slower sales growth in August pulled down share prices on Monday, analysts say medium term outlook remains healthy

Britannia Industries settles case with Sebi, pays over Rs 46 lakh

Britannia Industries has paid over Rs 46 lakh to Sebi to settle a case of alleged failure to carry out due diligence before giving effect to transmission of shares and issuance of demand draft

Stock picks by Prabhudas Lilladher: Buy Britannia, IOL Chemicals

Britannia's stock has shown signs of bottoming out

Stock picks by Ajit Mishra of Religare Broking: Buy Britannia Ind, Dabur

After a sharp dip in March 2020, Britannia Industries has recovered almost vertically and made a new record high at Rs 4,010 in July 2020

Britannia Industries to invest Rs 300 crore in UP plant, says govt

Project expected to create jobs for 1,500 people; company seeks tax sops from govt

Britannia to pump in Rs 700 crore in 2.5 years, says MD Varun Berry

The domestic biscuits market is estimated to have grown between 15-17 per cent in Q1, led by in-home consumption in urban areas and migrants making their way back to the countryside.

Britannia plans capex of Rs 700 cr; bullish on rural demand due to Covid-19

The rural demand remained stable during the coronavirus outbreak and the company will focus more on its core products, its managing director Varun Berry said

Britannia Q1 pre-tax profit jumps 88% to Rs 737 cr, revenue rises 26%

The company's volume growth for the period underreview stood at 22 per cent, higher than analysts' expectations of 17-20 per cent.

Britannia: Corrections may be good entry points for long-term investors

Focus on rural markets and high-margin products boosts performance

Britannia Q1 pre-tax profit jumps 88% to Rs 737 cr, revenue up 26%

Firm attributes encouraging show to its nimble culture, which helped it quickly adapt to the Covid-19 situation and meet market demand

Sensex surges 548 points amid broad-based buying; Nifty ends above 10,900

All that happened in the markets today

Britannia Industries posts 118% jump in Q1FY21 net profit at Rs 543 crore

The company's total revenue came in at Rs 3,420.67 crore, up 26.67 per cent against Rs 2,700.35 crore in the corresponding quarter of the previous fiscal.

Britannia Q1 preview: Revenue may rise up to 22% on strong volume growth

The net profit of the company is estimated to jump up to 62 per cent year-on-year (YoY) owing to lower tax rate benefit.

Nifty outlook and stock recommendations by CapitalVia Global Research

Nifty likely to face stiff resistance at 10,000 as maximum call OI is placed here. We might witness strength only if Nifty breaks level of 10,000.

Snacks vanished in lockdown but India's biscuit market was happily munching

Unibic India's chief executive officer (CEO) Srini Vudayagiri attributes the surge in growth rate in April-May to pantry loading as well as increase in in-home consumption

Covid-19 slows Britannia's total foods journey as biscuits get priority

Plans to scale up its croissants and salted snacks offerings put on backburner

Indices gain for 6th day, Nifty reclaims 10K; PSBs, realty stocks rally

All that happened in the markets today

Britannia surges 7%, hits new high as Q4 nos come in-line with expectations

The FMCG major said that after the initial hiccups, the firm coped up well and witnessed 20 per cent rise in revenues in April, and 28 per cent in May

Vodafone Idea, Britannia: Stocks of MNCs zoom up to 144% in two months

The outperformance of MNCs has seen 19 such stocks grab a spot in the top 100 list of companies by m-cap, compared to 14 firms as on Jan 20, 2020, when the benchmark indices hit their all-time high.