Despite a muted performance in Q4FY20, reported on Tuesday post market hours, and expensive valuation, Britannia's stock hit an all-time high on Wednesday before closing at Rs 3,510.25 apiece. A 24 per cent sales growth in the first two months of June quarter, indicating strong growth levers, enthused the Street.
This was mainly due to the first mover advantage. According to the management, during the initial phase of the lockdown, when companies were struggling with supply chain issues to cater to a sudden rise in demand, Britannia improved its network to reach customers before ...
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First Published: Wed, June 03 2020. 19:10 IST
