Britannia Industries Ltd., incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 94682.92 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3463.93 Crore, up 8.45 % from last quarter Total Income of Rs 3193.94 Crore and down -1.43 % from last year same quarter Total Income of Rs 3514.35 Crore. Company reported net profit after tax of Rs 386.80 Crore in latest quarter.
Investment Rationale
The stock has resumed the uptrend after breaking out of a bullish flag pattern on good volumes. Technical indicator RSI has turned upwards after forming a positive divergence, confirming the bullishness.
Promoter/FII Holdings
Promoters held 50.6 per cent stake in the company as of June 30, 2021, while FIIs held 18.4 per cent, DIIs 11.2 per cent and public and others 19.9 per cent.
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