Britannia Industries trades in fine fettle on the bourses

10 Aug 2017 Evaluate

Britannia Industries is currently trading at Rs. 4149.55, up by 88.75 points or 2.19% from its previous closing of Rs. 4060.80 on the BSE.

The scrip opened at Rs. 4030.00 and has touched a high and low of Rs. 4168.00 and Rs. 4030.00 respectively. So far 8582 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4214.50 on 07-Aug-2017 and a 52 week low of Rs. 2776.00 on 23-Dec-2016.

Last one week high and low of the scrip stood at Rs. 4214.50 and Rs. 3837.05 respectively. The current market cap of the company is Rs. 49547.81 crore.

The promoters holding in the company stood at 50.70%, while institutions and non-institutions held 28.69% and 20.61% respectively.

In a bid to strengthen its dairy business, Biscuit maker Britannia Industries is reportedly eyeing potential partner. Moreover, the company is planning to discontinue few brands in this segment as part of a strategy to focus on higher margin products.

This will be the company’s third attempt at a joint venture in the dairy segment, which has been dragging its overall growth. In 2002, Britannia had formed a joint venture with New Zealand-based Fonterra Dairy to sell milk and milk products under the Milkman Brand. After recording losses, Fonterra exited in 2009 and sold its 49% stake to Britannia.

Britannia Industries, one of the India’s biggest brands of the country, has a market share of over 33%. More-than-a-century old Britannia has launched big brands in FMCG Segment. The company is expanding its customer base by launching new products and renovating existing ones.

Britannia Inds Share Price

4704.00 3.10 (0.07%)
23-Dec-2024 10:39 View Price Chart
Peers
Company Name CMP
Nestle 2168.00
Britannia Inds 4704.00
Varun Beverages 621.75
Marico 630.80
Hatsun Agro Product 1019.75
View more..
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