Britannia shares zoom 4% as profit grows 19% in Q2
In the September quarter, the company's net revenue from operations stood at ₹4,432.88 crore, up 1.2% as against ₹4,379.61 crore in the Q2 of FY23.
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Britannia jumps 10% on robust Q2, market cap crosses ₹1 lakh cr
Britannia Industries shares hit a new record high of ₹4,181.40 in intraday on the BSE, while m-cap crossed ₹1 lakh crore amid strong volume.
FMCG majors cut prices 2-20% to shore up growth
FMCG companies were on a price-hike spree for the past two years. But the change in tactic is because there is a clear softening of rural demand, a big driver for FMCG revenues at 65-70%.
Britannia Ind shareholders reject investment proposal; stock falls 2%
The shareholders of Britannia Industries voted against a resolution to make investment, loans, guarantees and security of up to ₹5,000 crore in the AGM held last week.
Double-edged sword in ₹5 price point; how Prataap Snacks learnt the hard way
The company is trying to reduce its dependence on the ₹5 price-point from 85% to 60% in the next three years. It also saved 5%-6% by rationalising its distribution network and process optimisation.
The new year playbook: India Inc. predicts 2021
2020 was a transformative year, with Covid-19 altering the corporate landscape like never before. But now that 2021 is here, how different will it turn out to be? Ten leaders of India Inc. weigh in.
