Britannia Industries shares jump 5% as Q2 net profit rises 23% to Rs 655 crore; Nuvama maintains Buy
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Shares of bakery food major Britannia Industries Ltd climbed as much as 5% to their day’s high of Rs 6,191.50 in morning trade on Thursday, 6 November, after the FMCG giant reported a 23.23% rise in consolidated net profit to Rs 655.06 crore for the September quarter, aided by stable commodity prices and cost optimisation efforts. The company had posted a net profit of Rs 531.55 crore in the July–September quarter a year earlier, according to a regulatory filing by Britannia Industries. Revenue from the sale of products increased 4% year-on-year to Rs 4,752.17 crore, while revenue from operations rose 3.7% to Rs 4,840.63 crore from Rs 4,667.57 crore in the corresponding quarter last year. Total expenses remained largely flat at Rs 4,005.84 crore in the second quarter of FY26. Total income, including other income, grew 3.8% to Rs 4,892.74 crore in the September quarter. For the first half (H1) of FY26, Britannia’s total income increased 6....