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    HomeNewsBusinessMoneycontrol ResearchBritannia: Is this cookie crispy enough for investors?

    Britannia: Is this cookie crispy enough for investors?

    Moderation in raw material prices and higher volume growth is what investors need to keep watch on, going forward

    Nandish Shah
    November 08, 2022 / 09:52 IST
    Britannia Industries | CMP: Rs 4,125 | The scrip surge dover 8 percent after the FMCG major posted a 28 percent year-on-year growth in consolidated net profit at Rs 490 crore for the September quarter, way above analysts' expectation of Rs 451 crore. The share surge boosted the company's market cap to Rs 1 lakh crore. The company's consolidated revenue from operations jumped 21 percent YoY to Rs 4,379.61 crore from Rs 3,607.37 crore, the firm said on November 4. Japanese brokerage firm Nomura has upgraded the stock to "buy" with the target at Rs 4,600 a share, an upside of 10 percent from the current market price. The research firm believes that the Q2 results were an all-round beat with higher-than-peers volume growth.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More