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Biscuit maker Britannia's stock rally to continue on demand revival

Its stock price is up 20% since the beginning of August, against 10% rally in Sensex

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Britannia’s quarterly net sales was down 1 per cent year-on-year in the first quarter of financial year 2021-22 (Q1FY22) — its first decline in at least 15 years.

Krishna Kant

3 min read Last Updated : Sep 02 2021 | 11:45 PM IST

Biscuit maker Britannia Industries’ stock has been one of the top performers in recent weeks. The price of its shares has risen up 20 per cent since the beginning of August, outperforming the benchmark BSE Sensex and the BSE FMCG index, which have risen 10 per each.

Britannia was an outperformer on Thursday, too, closing the day with gains of 1.8 per cent, against a 0.9 per cent rise in the Sensex. The stock closed at a new life-time high of Rs 4,088 apiece, while the company’s market capitalisation is now less than two per cent shy of the

Topics : Britannia FMCG stocks BSE Sensex Britannia Industries results NiftyFMCG index

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