Britannia Industries hits lifetime high post robust Q1 earnings

Shares of Britannia Industries surged over 7% to hit its lifetime high od Rs 4,214 after the FMCG major reported 1.41% year-on-year decline in its consolidated net profit for the quarter ended June 30, 2017.  

The company posted consolidated net profit of Rs 216.12 crore compared to Rs 219.21 crore in the corresponding period of the previous year. However, consolidated Q1 net profit saw rise of 2.47% from Rs 210.91 crore of the preceding quarter. 

Reacting to its numbers, the stock of the company rallied as much as 7.7% on the BSE.

On the BSE, nearly 49,000 shares exchanged hands on the