Trending stocks: Britannia Industries share price up 1%

NEW DELHI: Shares of Britannia Industries Ltd. traded 1.0 per cent up in Tuesday's trade at 10:15AM (IST). Around 9,768 shares changed hands on the counter.

The stock opened at Rs 3449.0 and touched an intraday high and low of Rs 3479.55 and Rs 3400.5, respectively, in the session so far. The stock of Britannia Industries Ltd. quoted a 52-week high of Rs 3479.55 and a 52-week low of Rs 2100.55.

Total market cap of the Britannia Industries Ltd. stood at Rs 83322.26 crore at the time of writing this report.


Britannia Industries is slated to announce its March quarter earnings today.


Key Financials
The company reported consolidated sales of Rs 2935.98 crore for the quarter ended 31-Dec-2019, down 2.88 per cent from previous quarter's Rs 3022.91 crore and down 3.84 per cent from the year-ago quarter's Rs 2827.4 crore.

The net profit for latest quarter stood at Rs 372.63 crore, up 23.92 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, DIIs held 4.99 per cent stake in the company, while foreign institutional investors held 14.71 per cent and the promoters 0.01 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 62.88 and a price-to-book ratio of 19.43. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Britannia Industries Ltd. belongs to the FMCG Food & Beverages industry.