Page 4 - Britannia

Margin pressure to weigh on Britannia stock's near term prospects

Though valuations are reasonable, the stock lacks near term triggers

Britannia Q2 net down 23% due to rising palm oil, fuel prices

The company's cost of materials increased 8% from Rs 1,768 crore in Q2FY21 to Rs 1,915 crore in the corresponding quarter of FY22

Accenture helps Britannia digitise manufacturing units, warehouses

The enterprise-wide programme is focused on modernising Britannia's business model by digitising essential services and processes, allowing the company to better respond to changing market trends

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

Jeh Wadia quits 2 Wadia firms, exits boards of all listed group companies

Britannia, Bombay Burmah's annual reports say businessman did not offer himself for reappointment to the board.

Britannia to invests Rs 130 cr in capacity building, to hike prices

The company is being cautiously optimistic, has infused Rs 130 crore in capacity building in current fiscal and is also eyeing at a greater revenue share from e-commerce which contributes two per cent

Britannia consolidated net profit drops 29% to Rs 387 crore in Q1

Home-grown food company Britannia Industries on Friday reported a 29 per cent decline in consolidated net profit at Rs 387 crore for the quarter ended June 30

Britannia to invest Rs 94 cr to up production capacity at Odisha plant

Home-grown food company Britannia Industries on Friday said it will invest Rs 94 crore to increase production capacity at its Odisha plant. The company will add two new manufacturing lines that will increase its production capacity by nearly 85 per cent to 65,000 metric tonnes per annum from the current 35,000 metric tonnes per annum, said Britannia Industries in a statement. The plant, which will manufacture Britannia's flagship brands comprising Marie Gold, Vita Marie Gold, Tiger Glucose & Good Day, will also generate additional employment to 450 people after the investment, the Wadia group company added. "The new capacities in Odisha will be operational by October 2022," said Britannia Industries. The new manufacturing lines will feature fully automated processing and packing lines, as well as the latest warehousing infrastructure to optimise supply chain and quality management.

Stocks to watch: Axis Bank, Britannia, Bajaj Finance, Info Edge, HDFC AMC

FMCG major Britannia Industries reported a 3 per cent YoY decline in consolidated net profit at Rs 360.07 crore in the fourth quarter ended March 31

Britannia posts 3% decline in March quarter profit to Rs 364 crore

Besides rising input costs, the company also pointed to a brief shutdown in March to implement key digital projects that impacted its bottom line

Britannia Q4 preview: Here's what to look out for in the numbers

Analysts forecast a high, single-digit growth in sales volume along with up to 25 per cent YoY growth in net profit for the FMCG giant

Former RBI Governor Urjit Patel appointed Additional Director of Britannia

He has been appointed as the Additional Director with effect from March 31 for a five-year period

Trading idea by Ajit Mishra: Sell April futures of Motherson Sumi

Motherson Sumi has witnessed a breakdown from a distribution pattern on the daily chart

Countryside is the new battleground for Nestle India, Britannia and Parle

Nestle India's aggressive shift to the hinterlands points to the growth that beckons in these areas; Britannia and Parle have already got there

Tata Consumer to replace Gail India in Nifty 50 effective March 31

Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)

From Britannia to Nestle, consumer companies turn laggards on Street

BSE FMCG index has gained just 2.4% since the Union Budget, compared to the 11.4% rally in the benchmark during the period

Britannia net profit up 22% at Rs 453 cr, revenue rises 6% in Dec quarter

General trade, its largest channel, continues to grow at a healthy pace on the back of buoyancy in rural economy and urban recovery; challenges persist in other channels

Stocks to watch: Stove Kraft, Hero Moto, Britannia, M&M, Biocon, Tata Power

IRFC has sold $750 million worth of dollar-denominated bonds to overseas investors priced at a coupon of just 2.80 per cent per annum

Britannia Q3 preview: Analysts see 20%YoY jump in PAT, 9% volume growth

Sustained rural demand due to better rural economics driven by a strong kharif and rabi seasons, analysts at Sharekhan believe an over 9 per cent sales' volume growth may support overall numbers

Mrs Bectors subscribed 198 times, highest ever for a Rs 200-cr plus IPO

Generated bids worth over Rs 40,000 cr. Previously, only three tiny issues have garnered more than 200x subscription