Preview: India's Britannia inches higher ahead of Q3 results

Britannia Industries

06/02/2025 05:42

** Shares of Britannia Industries  BRIT.NS  gain 0.7% ahead
of third-quarter results later in the day
    ** Analysts on average expect co to post a 6.4% Y/Y drop in
Q3 profit to 5.21 billion rupees ($59.51 million), as per data
compiled by LSEG 
    ** BRIT increased prices by 4% to 5% in Q3 across its
portfolio to boost revenue and offset rising commodity prices
    ** However, by hiking prices, co risked losing market share 
      
    ** Rival Nestle India  NEST.NS  fell short of Q3 profit
estimate due to slowdown in consumer spending, while Hindustan
Unilever  HLL.NS  anticipates near-term margins to be at the
lower end of its forecast range of 23%-24%
    ** BRIT rated "hold" on avg vs a "buy" rating on rivals NEST
and HLL - LSEG-compiled data
    ** BRIT rises 4.2% so far in 2025 after ~11% fall in 2024 



($1 = 87.5475 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))