Smart Money

As Britannia’s stock gains on the back of its double-digit growth, managing director Varun Berry offloads shares worth ₹159 million in the open market

Soumik Kar

Like most of the FMCG pack, Britannia Industries has been a market favourite given its improving performance in the first quarters of FY19. With the ‘Patanjali effect’ waning off, Britannia has been able to register double-digit net sales growth aided by pick up in consumption especially in rural areas with elections around the corner. The stock from its 52-week low of Rs.2,200 on February 6 gained 57% to reach its 52-week high of  Rs.3,472 on August 23. While the stock came off its highs as th


You don’t want to be left behind. Do you?

Our work is exclusively for discerning readers. To read our edgy stories and access our archives, you’ve to subscribe