Britannia Industries shares hit a new high, Registers 5% Gain in Just 4 Days

7 Jun 2023 , 01:08 PM

Britannia Industries Ltd achieves a fresh record high of Rs.4867.05 on BSE. The stock has risen for the fourth consecutive session, tracking gains in the broader market.

At the time of writing, Britannia Industries is trading at Rs.4896.5, showing a 4.07 % increase from the previous close.

The benchmark Sensex stands at 62,889 points, up 0.15 % from the previous close. Britannia has gained nearly 5 % in the past four days and has risen over 16 % since March 28.

Britannia reports a 47.53 % YoY rise in consolidated net profit to Rs.557.60 crore for Q4 FY23.

The company attributes the growth to distribution expansion, cost management, and softening commodity prices. Revenue from operations registers a 13.31 % growth, reaching Rs.4,023.18 crore from Rs.3,550.45 crore YoY.

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