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Chart check: Britannia shares dipped post Q3 results, Will ITC follow suit?

Shares of ITC were trading nearly 1 per cent lower on the BSE ahead of its December quarter results due to be announced later today

The analysts also say that weak domestic remittances (due to reverse migration) and weak perishables output (in the past few months) do not leave rural households to spend much on FMCG and other products

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4 min read Last Updated : Feb 11 2021 | 12:22 PM IST

Britannia announced its December quarter results for FY21 (Q3FY21) post market hours on February 5, 2021. In the four trading sessions since (till Wednesday), the FMCG firm's stock has lost 3.2 per cent as compared to the benchmark S&P BSE Sensex's 1.13 per cent gain in the same period.

Analysts at Emkay said that Britannia's sales growth of 6 per cent in the quarter under review was "disappointing", even though margin gains remained strong.

"Slowdown in sales growth was due to sluggish category trends in MT and reversal of higher in-home consumption demand seen in Q1, with consumer shifting to

Topics : Q3 results Britannia Industries ITC Ltd FMCG stocks Markets

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