Premium biscuits serve up strong Britannia results
Its presence in the high growth potential dairy segment will be another engine of growth in the future
On a day when the broader markets inched up, Britannia Industries’ stock clocked 9.4 per cent gains to close at Rs 3,152 on Monday. Better-than-expected Ebitda margin and net profit, along with continued double-digit volume growth in the domestic market in the June quarter, were the key reasons for this surge.
Ebitda is earnings before interest, taxes, depreciation, and amortisation. Given the performance and outlook, shareholders of Britannia can hope for good days to continue. Britannia, which sells its products under brands like Good Day, NutriChoice, Bourbon, Marie, reported an ...
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First Published: Mon, August 08 2016. 22:50 IST