Britannia Industries shares jump over 7 pc after Q4 earnings

Shares of Britannia Industries on Wednesday gained over 7 percent after the company posted a 26.53 percent increase in consolidated net profit for March 2020 quarter. On the BSE, the stock jumped 7.36 percent to Rs 3,704.55 -- its 52-week high.

It advanced 7.44 percent to a 52-week high of Rs 3,708 on the NSE. FMCG player Britannia Industries on Tuesday posted a 26.53 percent increase in consolidated net profit at Rs 372.35 crore for the fourth quarter ended on March 31, 2020.

The company had reported a net profit of Rs 294.27 crore in January-March quarter of 2018-19. Total revenue from operations rose to Rs 2,867.70 crore during the quarter under review as compared with Rs 2,798.96 crore in the fourth quarter of 2018-19, Britannia Industries said in a regulatory filing.

For the financial year 2019-20, the company posted a net profit of Rs 1,393.60 crore, up 20.6 percent from Rs 1,155.46 crore in 2018-19.

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