Quarterly Results: Britannia Industries Ltd
Shital Jibhe / 08 Nov 2016
Britannia Industries Ltd., is currently trading at Rs. 3303.2, up by 3.15 points or 0.1% from its earlier closing of Rs. 3300.05 on the BSE. The quarter's revenue has surged 11.5% yoy to Rs 2456 cr.
Technical View:
Britannia Industries Ltd., is currently trading at Rs. 3303.2, up by 3.15 points or 0.1% from its earlier closing of Rs. 3300.05 on the BSE.
The scrip has touched a high and low of Rs. 3348 and Rs. 3290.05 respectively, after opening at 3310. By far 233822 (NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 50 DMA.
Consolidated Results Q2FY17: (Rs. in crore)
***EBITDA margin change in bps
Bloomberg estimates were above Britannia Industries Ltd.’s actual consolidated Q2FY17 numbers. Revenue has come in largely in conjunction with Bloomberg estimate of Rs 2445 cr. EBITDA stands 5.3% lesser than estimate of Rs 358 cr. Net profit is 2.5% lesser than the estimated figure of Rs 240 cr.
The quarter's revenue has surged 11.5% yoy to Rs 2456 cr.
Britannia's EBITDA has jumped by 4.7% yoy to Rs 339 cr while EBITDA margins have dropped by 91 bps yoy to 13.8%. This was majorly driven by 17% increase in both cost of material consumed and purchase of stock in trade.
The company's net profit has surged 5.8% yoy to Rs 234 cr.
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