The owner of Good Day and MarieGold brands said that its volume growth grew twice as much as revenue growth in the quarter ended March. For the full fiscal, however, both volume and revenue were on par. As inflation started to soften, the company made price cuts to remain competitive. This, along with the distribution expansion, helped Britannia regain its market share. The market share of the next competitor is currently 0.77 times that of Britannia, according to the company’s investor’s…
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Category: Britannia
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FMCG shares in demand; Marico, Godrej, Dabur, HUL rally up to 10% | News on Markets
3 min read Last Updated : May 07 2024 | 10:39 AM IST
Shares of fast moving consumer goods companies (FMCG) were in demand and rallied up to 10 per cent on the BSE in Tuesday’s intra-day trade in an otherwise subdued market on improved outlook.
Marico, Godrej Consumer Products, Dabur India, Hindustan Unilever, Bajaj Consumer Care, Colgate-Palmolive (India), ITC, Nestle India and Britannia Industries stocks rallied between 2 per cent and 10 per cent. At 10:20 am; the S&P BSE FMCG…
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Top 10 Stocks To Buy For Today (07-05-24); Wipro, Godrej Consumer Products, Britannia Industries, Gujarat Gas, Lupin, HCLTech
Gujarat Gas Stock: In its Q4 results it reported 85.9 per cent year-on-year growth in standalone net profit to Rs 409.5 crore with a 5.2 per cent increase in revenue to Rs 4,134 crore for the March quarter.
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Britannia Industries eyes double-digit sales volume growth in FY25
New Delhi: Britannia Industries on Monday said it will focus on a double-digit sales volume growth this fiscal year, as the company expects normal monsoons to aid consumption despite a likely rise in prices of wheat and sugar, key ingredients for packaged foods.
“The situation on volume and revenue for…
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New plastic waste management rules to benefit ITC, hit Nestle and Britannia: Kotak Equities
Regulations governing recycling and reuse of plastic packaging may hurt consumer plays such as Britannia Industries, Colgate Palmolive India and Nestle India while benefiting ITC, Ganesha Ecosphere, EPL, and Uflex, according to Kotak Institutional equities.The new rules, which could put India ahead in the global league in terms of handling plastic waste problems, will increase the packaging costs of consumer staple companies, Kotak. On the other hand, plastic recyclers and innovative…
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britannia industries share price: Britannia Industries shares jump over 9% after Q4 results. What should investors do?
Shares of Britannia Industries rallied 9.4% to Rs 5,193.6 in Monday’s trade on BSE despite the FMCG major reporting a 3.6% year-on-year (YoY) decline in net profit to Rs 538.3 crore in Q4 of FY24.On a sequential basis, the net profit saw a decline of 3.2% over Rs 556.39 crore reported in Q3FY24. The revenue stood at Rs 4,126.70, down by 4.2% versus Rs 4,306.89 crore in Q3FY24.For the year ended March 31, 2024, the consolidated revenue stood at Rs 16,546 crore up by 3.5% over the previous…
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Britannia shares zoom 7.5% as its distribution network expands
Britannia shares surge | Image:Britannia Britannia shares surge: The shares of Britannia Industries, on Monday, surged by 7.5 per cent to Rs 5103.70 after the company released its earnings for the last quarter of the financial year ended March 31, 2024 (Q4FY24). Britannia announced a consolidated net profit of Rs 536.61 crore for the March quarter, marking a slight decline of 3.76 per cent compared to the same period last year. Despite this dip in profit, the company’s total revenue stood…
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Top Gainers and Losers today on 6 May, 2024: Britannia Industries, Kotak Mahindra Bank, Titan Company, Adani Enterprises among most active stocks; Check full list here
The Nifty closed at 22,475.85, down by 0.15%. Throughout the day, the Nifty reached a high of 22,588.8 and a low of 22,409.45. The Sensex traded between 74,359.69 and 73,786.29 and closed 0.02% higher at 73,878.15, which was 17.39 points above the opening price.
Titan, Kotak Mahindra, DMart, Britannia, Godrej Properties Q4 results
Here’s a compilation of brokerage calls and comments on stocks of Titan, Kotak Mahindra Bank, Avenue Supermarts, Britannia, and more post these companies’ Q4 financial results.Buy Call, Target Rs 3,950 per share
Q4 Revenue Growth Remains Strong, But Competitive Intensity To Cap Margin
Strong Revenue Growth In Jewellery Sustains
Jewellery Biz Facing Margin Headwinds Due To Sharp Rise In Gold Prices & High Competitive Intensity
Competitive Intensity Caps Margin Expansion Potential For…
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Titan, Britannia and more: Monday’s top brokerage calls
SUMMARYJPMorgan has upgraded its rating on Godrej Properties to ‘overweight’ with a target of ₹3,100 per share, while Jefferies has maintained a ‘hold’ rating on Titan with a target of ₹3,500 per share.By CNBCTV18.com May 6, 2024, 8:18:50 AM IST (Published)2 Min Read/photos/market/titan-britannia-and-more-monday-top-brokerage-calls-19406925.htmCopied/photos/market/titan-britannia-and-more-monday-top-brokerage-calls-19406925.htmCopiedBritannia: Morgan Stanley has maintained an…
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