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Chart check: Britannia shares dipped post Q3 results, Will ITC follow suit?

Britannia announced its December quarter results for FY21 (Q3FY21) post market hours on February 5, 2021. In the four trading sessions since (till Wednesday), the FMCG firm's stock has lost 3.2 per cent as compared to the benchmark S&P BSE Sensex's 1.13 per cent gain in the same period.   Analysts at Emkay said that Britannia's sales growth of 6 per cent in the quarter under review was "disappointing", even though margin gains remained strong.   "Slowdown in sales growth was due to sluggish category trends in MT and reversal of higher in-home co.....

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