Britannia Industries jumped 16.63% to Rs 670 at 10:45 IST on BSE after net profit jumped 65.7% to Rs 87.85 crore on 13.5% growth in net sales to Rs 1486.63 crore in Q4 March 2013 over Q4 March 2012.
The Q4 result was announced after market hours on Friday, 24 May 2013.
Meanwhile, the S&P BSE Sensex was up 140.98 points or 0.72% at 19,845.31.
On BSE, 1.71 lakh shares were traded in the counter as against average daily volume of 18,191 shares in the past one quarter.
The stock hit a high of Rs 674.90 so far during the day, which is a record high for the counter. The stock hit a low of Rs 617 so far during the day. The stock had hit a 52-week low of Rs 400 on 7 November 2012.
The stock had outperformed the market over the past one month till 24 May 2013, gaining 3.3% compared with the Sensex's 2.74% rise. The scrip had also outperformed the market in past one quarter, jumping 14.95% as against Sensex's 2.01% gain.
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The mid-cap FMCG company has equity capital of Rs 23.92 crore. Face value per share is Rs 2.
Britannia Industries' net profit rose 25.2% to Rs 233.87 crore on 12.5% growth in net sales to Rs 5564.38 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
On consolidated basis, Britannia Industries' net profit rose 30% to Rs 259.50 crore on 12.4% growth in net sales to Rs 6135.91 crore in FY 2013 over FY 2012.
Commenting on the company's performance, Ms. Vinita Bali, MD, Britannia Industries said, "Our results are a reflection of our focus on driving consumer off-take & operational efficiencies to generate sustainable and profitable growth, which has resulted in a standalone revenue growth of 12.5% and net profit increase of 25.2% for the year. We have also seen a 100 bps increase in operating margin".
Britannia Industries' board of directors at a meeting held on Friday, 24 May 2013, recommended dividend of Rs 8.50 per share for FY 2013.
Britannia Industries makes biscuits, bread, rusk, cakes and dairy products like cheese, butter and milk.
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