Britannia’s stock has risen as much as 21% on the National Stock Exchange from its lows seen in March
During the March quarter (Q4FY22), Britannia Industries saw mid-single digit volume growth, despite the sharp pricing growth. However, a quarter later, its volumes are estimated to have declined by about 2% during the three months ended June (Q1FY23). This, along with cost pressures, took a toll on the company’s Q1 earnings.
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