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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

Britannia rides on strong consumer appetite for premium biscuits

Onadaywhenthebroadermarketsinchedup,BritanniaIndustries’stockclocked9.4percentgainstocloseatRs3,152onMonday.Better-than-expectedEbitdamarginandnetprofit,alongwithcontinueddouble-digitvolumegrowthinthedomesticmarketintheJunequarter,werethekeyreasonsforthissurge.Ebitdaisearningsbeforeinterest,taxes,depreciation,andamortisation.Giventheperformanceandoutlook,shareholdersofBritanniacanhopeforgooddaystocontinue. Britannia,whichsellsitsproductsunderbrandslikeGoodDay,NutriChoice,Bourbon,Marie,reportedan ...