Britannia shares scale fresh high as Q2 earnings surpass expectations
- In Q2, prices of key commodities relevant to the bakery business such as wheat flour and industrial fuel and palm oil remained elevated. Nevertheless, strong revenue growth supported Britannia’s profitability for the quarter
Shares of Britannia Industries Ltd. were the top gainers on the Nifty 50 index on Monday. The stock was up around 9% and had hit a new 52-week high in early trade.
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