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.