Growth triggers, valuations drive Britannia stock; Covid impact subdued

Topics Coronavirus | Brittania | FMCGs

Britannia Industries has gained 10 per cent over the last couple of weeks, driven by a rebound in demand, expectations of steady performance in the March quarter, lower impact of the second wave of Covid infections, and attractive valuations.   Analysts, led by Amnish Aggarwal of Prabhudas Lilladher, highlighted in a recent report that demand in the biscuit segment had returned to pre-Covid levels. While there has been a shift in favour of large packs in metros and tier-I cities, out-of-home consumption has driven sales of affordable packs.  Though the second w.....

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