Britannia Industries publicizes Rs 35/share intervening time dividend

Earnings

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    The maker of Tiger and Just Day biscuits is liable to submit single-digit income enhance.

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    Remaining As a lot as date: Apr 23, 2020, 06.42 PM IST

    PTI

    Brokerage agency Edelweiss Securities sees 1.6 per cent year-on-year (YoY) rise in income after tax on 6.9 per cent drop in revenues.

    Mumbai: Biscuit-maker Britannia Industries launched an intervening time dividend of Rs 35 per share for the financial year 2019-20, before its March quarter earnings announcement.

    The maker of Tiger and Just Day biscuits is liable to submit single-digit income enhance in the quarter ended March, because it was partly marred by the upward push in raw enviornment matter prices, outbreak of coronavirus pandemic amid consumption slowdown.

    Brokerage agency Edelweiss Securities sees 1.6 per cent year-on-year (YoY) rise in income after tax on 6.9 per cent drop in revenues. It moreover projects 10.10 per cent dip in EBITDA in Q4FY20.

    “We ask Britannia to submit quantity dip of round 8 per cent YoY on consumption slowdown,” the brokerage home acknowledged while collectively with there is a few inflationary constructing in raw enviornment matter prices which is able to lead to unsuitable margin compression of 80 foundation aspects.

    HDFC Securities believes that Britannia could document 9.5 per cent rise in acquire income, while acquire gross sales and EBITDA could contract by 2 per cent and 4 per cent YoY, respectively.

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