Britannia Industries (Britannia) registered resilient performance in Q4FY2020 with a revenue growth of 2.5% and stable OPM of 15.8%. Growth surged during January-February period as compared to a ~6% growth for the first nine months of FY2020 mainly on account of market share gains led by strong expansion in the distribution network. However, the lockdown impacted revenues and PAT by 7-10%. After getting requisite approvals, the company started operations in all facilities to fulfil rising demand. It connected with distributors/retailers and ensured continuous supply. This...