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Friday, 26 May 2017

One of the prominent name in the FMCG space, Britannia Industries Limited have come up with its Q4 results. The consolidated revenue for the quarter stood at Rs 2244 Cr reporting the Y-o-Y increase of 5.2%. The profit after tax for the quarter stood at Rs 211 Cr higher by 6% on Y-o-Y basis.The stock is the top loser in the Nifty FMCG index in the morning hours on Friday. The stock is trading lower by 1.4% at Rs 3468.4 per share. The index is trading higher by 0.92% at 25286 level as of 0924 hours on Friday.

The new interest rates framed by the GST council has infused new wave of energy into the FMCG stocks. The stocks are flexing muscles and soaring on the bourses since the GST tax rates are fixed in the crucial meet held on 17 and 18 of May.The other FMCG stocks like Godrej, Marico, Tata Global ad ITC have been trading in positive territory in the morning hours on Friday.

Britannia Industries Ltd is currently trading at Rs 3477.7, down by Rs 36.9 or 1.05% from its previous closing of Rs 3514.6 on the BSE.The scrip opened at Rs 3515 and has touched a high and low of Rs 3515 and Rs 3433.15 respectively. So far 58707(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 42175.49 crore.

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