Buoyed by strong Q4 numbers and the annual results for 2014-15, shares of Britannia Industries Ltd touched a fresh 52-week high today appreciating by nearly by 7 per cent on the NSE in the morning trade.
The performance of BIL stock fired up the FMCG index which gained over 130 points after an hour into trading with the positive show by BIL stock rubbing on a few other FMCG stocks as well, though some others in the FMCG index were seen drifting lower.
The bakery and dairy products giant Britannia's total income in Q4 was Rs 1,872.02 crore (Rs 1,653.05 crore) and its net profit for the quarter was Rs 141.04 crore (Rs 91.53 crore). EPS for the quarter was Rs 11.76 (Rs 7.63).
For the full year, the total income increased to Rs 7,175.99 crore from Rs 6,307.39 crore in the previous fiscal. The net profit for last year vaulted by nearly 70 per cent to Rs 622.41 crore compared with Rs 369.83 crore.
The increase in net profit for the full year was aided in part by other income from sale of property of Rs 124 crore. Excluding this, growth in net profit for the year was 34.9 per cent, the company said.
Meanwhile, Britannia board has recommended a dividend of Rs 16 per share for last year.
The strong performance of the company in a segment which has seen increasing competition led to the stock touching a new yearly high of Rs 2,554.65 (stock face value Rs 2) before easing to Rs 2,444.95, a gain of Rs 157.10 or 6.87 per cent on the NSE.
A few other FMCG companies also made gains with the overall mood swinging in favour of the FMCG sector. Emami gained Rs 11.55 to trade at Rs 1,024.10, Procter & Gamble was up by Rs 15.30 at Rs 6,625 and GSK Consumer gained Rs 14.25 to trade at Rs 6,359.40. ITC also was up by Rs 3.70 at Rs 331.40.
Among the losers were Jubilant Food, Colgate, Godrej Consumer and HUL. Godrej Consumer lost Rs 32.35 to trade at Rs 1,127 but the loss of others was marginal. The FMCG index had gained about 130 points.
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