Britannia Industries - Q1FY2014 Result Review - Angel Broking

For 1QFY2014, Britannia Industries' (Britannia) stand-alone top-line rose by 14.9% to Rs. 1,403cr yoy driven by superior product mix and higher price realizations. OPM rose by 299bp on a yoy basis to 8.3% on account of superior mix, better realization and efficient cost management. Bottom-line rose by 98.8% yoy to Rs. 86cr. We maintain a neutral rating on the stock.

Source : Equity Bulls

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