Britannia Industries Ltd (BRIT.NS)
** Credit Suisse initiates coverage of biscuit maker Britannia Industries with "outperform" rating and PT of 5,550 rupees, expecting co to gain market share gradually to high-30s from 32 pct at present
Packaged food major Britannia Industries Ltd posted a 20 percent increase in quarterly profit on Monday, but missed street estimates.
Feb 12 Packaged food major Britannia Industries Ltd posted a 20 percent increase in quarterly profit on Monday, but missed street estimates.
* DEC QUARTER CONSOL PROFIT 2.64 BILLION RUPEES VERSUS 2.20 BILLION RUPEES LAST YEAR
* Consol September quarter profit 2.61 billion rupees ($40.06 million) versus 2.34 billion rupees a year ago