Britannia Q4 Results
At times difficulty becomes an opportunity and this time the coronavirus has come as a boon for Britannia Industries Limited which is an Indian food-products corporation. Founded in 1892 and headquartered in Kolkata, it is one of India's oldest existing companies. It is now part of the Wadia Group headed by Nusli Wadia.Have a look at Britannia Industries latest result below:
Profit rises 32% to Rs 381 crore; revenue up 2%
Buy Britannia cmp 3434
Results beat street Estimates
Tgt~ 3680/3865
Sl ~3290 Cl basis
The Wadia-owned company said revenue expanded 20 percent in April and 28 percent in May compared to a year ago.
Verdict
The stock is worthy of finding a place in your portfolio and can give 20% returns appreciation along with a decent dividend to the holders of the stock.
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