India's Britannia Industries sees best day in over 1-1/2 years after Q3 profit rise

Britannia Industries

11/02/2026 04:23

** Shares of Britannia Industries BRIT.NS rise 4.2% to 6,116 rupees, their biggest intraday-pct gain since May 2024

** Biscuit maker posts 17% rise in Q3 profit, helped by price hikes and tax cuts; rev up 8.2%

** Morgan Stanley says biscuit prices are still adjusting after the GST tax cut, and the market has not fully stabilised yet

** Nomura expects competitive intensive in the biscuits industry to ease in Q4, in turn improving co's sales growth momentum

** Stock rated "buy" on avg by 33 analysts; median PT 6,650 rupees - data compiled by LSEG

** Stock is largely flat YTD

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))