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

Shares of Britannia Industries surged over 7 per cent to hit a new high of Rs 3,704.55 apiece on the BSE on Wednesday, a day after the company reported largely in-line numbers for the fourth quarter (Q4FY20) of the last financial year, despite the lockdown hitting revenue and profit growth by 7-10 per cent. 

At 09:25 am, the stock was trading nearly 6.5 per cent higher at Rs 3,657.55 on the BSE. In comparison, the benchmark S&P BSE Sensex was ruling 1.5 per cent higher at 34,325-mark. 

Britannia's profit before tax (PBT) stood at Rs 457.27 crore for Q4 —