Corporation tax rate cut may save the day for Britannia in Q4, say analysts

In April, Britannia announced an interim dividend of Rs 35 per share for the financial year 2019-20.

Fast-moving consumer goods (FMCG) major Britannia Industries is expected to report a weak set of numbers for the quarter ended March 2020 (Q4FY20), owing to disruptions caused by Covid-19-induced lockdown. The company, according to analysts, may see up to 7 per cent volume decline in domestic business while revenue is likely to dip up to 4 per cent year-on-year (YoY). Reduction in corporate tax, however, is expected to drive up the net profit. The company is slated to announce its numbers on June 2 (Tuesday).

In April, Britannia announced an interim dividend of Rs 35 per share for the financial year