Hemindra Hazari, Independent Market Expert is of the view that one may look at Britannia Industries.
Hemindra Hazari, Independent Market Expert told CNBC-TV18, "I have liked Britannia Industries because what we have seen so far is that while market has been expecting margin expansion invariably topline has disappointed but in the case of Britannia it is one of those few companies which rewarded and exceeded analyst expectations both on topline as well as EBITDA margin."
"What we are seeing is very strong earnings and a strong revenue because of their dominance in the biscuit segment specifically the premium segment and again what we are finding in Britannia is that their rural growth tends to be stronger than the urban growth while in a lot of companies we are seeing it is the exact opposite. So, you are seeing an expansion in distribution, you are seeing an upgrades in their premium segment. So, this is one stock which I have liked," he added.