Britannia's margins likely to go up: Tirthankar Patnaik, Religare Capital Markets

In a chat with ET Now, Tirthankar Patnaik of Religare Capital Markets, shares his views on the current outlook of Britannia stock. Excerpts:

ET Now: The midcap FMCG have been springing up back in action. Is there anything that you like in the space?

Tirthankar Patnaik: Britannia is one stock that we have been pushing very aggressively. We might see numbers closer to Rs 1000 going forward on the stock if the current trend really continues.

Britannia fits in various ways—you are seeing an overall consumption story coming up and rural is also doing very well. Britannia fits into the sharp urban versus rural divide.

Going forward, the company’s margins are likely to go up and our analyst is extremely positive on the stock.