Britannia Industries Ltd.

NSE: BRITANNIA | BSE: 500825 | ISIN: INE216A01030 |Industry: Packaged Foods
|Expensive Underperformer

Britannia Industries Ltd.    
08 Feb 2019
Result analysis: Britannia Industries posts growth, VIP disappoints

Q3 results today had Britannia Industries delivering both net profit and revneue growth YoY, with a slight increase in operating profit margin. The FMCG company's operating profit margin rose 2.44% YoY, but share price fell after the company management expressed concerns that slowdown in economic growth may impact it in upcoming quarters. Macquarie noted that domestic volumes were 7% below estimates, and assigned 'underperform' on the stock. 

VIP Industries delivered a disappointing result in Q3, with net profits falling 11.4% YoY and operating profits declining 27.8% YoY.  Aurobindo Pharma, SAIL also announced results. For the full result analysis click here

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