Britannia Industries shares rally over 9 per cent on Q1 performance

By: | Updated: August 8, 2016 5:02 PM

Britannia Industries shares surged over 6 per cent on Monday after the company announced its first quarter results and posted 13.15 per cent rise in its consolidated net profit at Rs 219.13 crore for the quarter ended June 30, 2016 as compared to Rs 193.66 crore for the same quarter in the previous year.

Britannia Industries shares rally over 6 per cent on Q1 performanceBritannia Industries shares surged over 6 per cent on Monday after the company announced its first quarter results and posted 13.15 per cent rise in its consolidated net profit at Rs 219.13 crore for the quarter ended June 30, 2016 as compared to Rs 193.66 crore for the same quarter in the previous year.

Britannia Industries shares surged over 9 per cent on Monday after the company announced its first quarter results and posted 13.15 per cent rise in its consolidated net profit at Rs 219.13 crore for the quarter ended June 30, 2016 as compared to Rs 193.66 crore for the same quarter in the previous year. The company logged 23.22 per cent rise in its standalone net profit at Rs 210.39 crore for the quarter under review as compared to Rs 170.74 crore for the same quarter in the previous year.

The scrip was trading 6.12 per cent up at Rs 3058. The share price of the company opened at Rs 2885.10 and touched a high and low of Rs 3065.90 and Rs 2885.10, respectively, in trade so far.  Later, share price of the company closed 9.38 per cent up at Rs 3152.05.

The company’s total income stood at Rs 2236.05, registering a rise of 9.73 per cent for the June quarter from Rs 2037.86 crore for the quarter ended June 30, 2015.

The BSE group ‘A’ stock of face value Rs 2 has touched a 52-week-high of Rs 3,435.00 on Aug 13, 2015 and a 52-week-low of Rs 2,506.65 on Feb 12, 2016.

Last one week high and low of the scrip stood at Rs 3039.00 and Rs 2811.15 respectively. The current market cap of the company is Rs. 34964.55 crore.

The promoters holding in the company stood at 50.74 per cent, while institutions and non-institutions held 27.56 per cent and 21.70 per cent respectively.

Brokerage House KRChoksey – Institutional Research said that Britannia Industries Ltd results were in line with expectations. It said, “Britannia Industries Ltd reported Q1FY17 revenue of Rs 2162.1 crore with growth of 8.2 per cent as per our expectation.”

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