{"id":71837,"date":"2022-11-07T16:48:00","date_gmt":"2022-11-07T11:18:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=71837"},"modified":"2022-11-07T16:46:34","modified_gmt":"2022-11-07T11:16:34","slug":"fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/","title":{"rendered":"FMCG Stock jumps 9% and reaches 52-week high as it records highest quarterly revenue"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2455384232\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of<a href=\"https:\/\/portal.tradebrains.in\/stock\/BRITANNIA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"> Britannia Industries Limited<\/a> reached its new 52-week high of Rs 4,190 in the early hours of Monday. Till the afternoon, the stock was trading 9 percent higher at Rs 4,147 levels. The rally in the shares led the company\u2019s market capitalization to cross the Rs 1 lakh crore mark.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2508861874\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stocks jumped after the company beat the analyst&#8217;s expectations and reported a strong quarterly number. In Q2FY23, the company saw a 28.4 percent increase Year on Year (YoY) in its profit to Rs 490.58 crore up from Rs 381.84 crore.&nbsp;<\/p><p>They reported their highest quarterly revenue which stood at Rs 4,379 crore in the quarter under review, up 21.4 per cent from Rs 3,607 crore which they reported in the year-ago period.&nbsp;<\/p><p>Britannia Industries, part of the Wadia group, is one of India\u2019s leading food companies in India. The product portfolio of the company includes brands such as Good Day, Tiger, NutriChoice, Milk Bikis, and Marie Gold. It has a presence in more than 60 countries across the globe.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2040544533\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In the past six months, the stock has zoomed by approximately 28 percent and in the span of a year, the stock has zoomed by 12 percent.&nbsp;<\/p><p><strong>Analysts are bullish on the stock and have given multiple targets. Nomura has upgraded the stock to buy with a target price of Rs 4,600. Goldman Sachs has a target of Rs 4,000, Macquarie Rs 3,750, and CLSA Rs 3,890.&nbsp;<\/strong><\/p><p>The spike in Britannia Industries&#8217; share caused its promoter group- Bombay Burmah Trading Corporations shares to rally as well. The shares of Bombay Burmah inched up by 7 percent and were trading at Rs 931 levels till the afternoon. It holds a 50.22 percent stake in Britannia Industries.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by <\/strong><strong>Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3462008460\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Britannia Industries Limited reached its new 52-week high of Rs 4,190 in the early hours of Monday. Till the afternoon, the stock was trading 9 percent higher at Rs 4,147 levels. The rally in the shares led the company\u2019s market capitalization to cross the Rs 1 lakh crore mark.\u00a0 The stocks jumped [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3909,2571,3153,4178,5110,4183,3157,3158,5025],"class_list":["post-71837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-britannia-industries","tag-britannia-results","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-buy-in-november","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stock-to-watch-in-october"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FMCG Stock jumps 9% and reaches 52-week high as it records highest quarterly revenue - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FMCG Stock jumps 9% and reaches 52-week high as it records highest quarterly revenue\" \/>\n<meta property=\"og:description\" content=\"The shares of Britannia Industries Limited reached its new 52-week high of Rs 4,190 in the early hours of Monday. Till the afternoon, the stock was trading 9 percent higher at Rs 4,147 levels. The rally in the shares led the company\u2019s market capitalization to cross the Rs 1 lakh crore mark.\u00a0 The stocks jumped [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-07T11:18:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/\",\"url\":\"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/\",\"name\":\"FMCG Stock jumps 9% and reaches 52-week high as it records highest quarterly revenue - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg\",\"datePublished\":\"2022-11-07T11:18:00+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg\",\"width\":1280,\"height\":854,\"caption\":\"nifty Sensex\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FMCG Stock jumps 9% and reaches 52-week high as it records highest quarterly revenue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FMCG Stock jumps 9% and reaches 52-week high as it records highest quarterly revenue - Trade Brains Features","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/","og_locale":"en_US","og_type":"article","og_title":"FMCG Stock jumps 9% and reaches 52-week high as it records highest quarterly revenue","og_description":"The shares of Britannia Industries Limited reached its new 52-week high of Rs 4,190 in the early hours of Monday. Till the afternoon, the stock was trading 9 percent higher at Rs 4,147 levels. The rally in the shares led the company\u2019s market capitalization to cross the Rs 1 lakh crore mark.\u00a0 The stocks jumped [&hellip;]","og_url":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2022-11-07T11:18:00+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_image":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/","url":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/","name":"FMCG Stock jumps 9% and reaches 52-week high as it records highest quarterly revenue - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg","datePublished":"2022-11-07T11:18:00+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg","width":1280,"height":854,"caption":"nifty Sensex"},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-9-and-reaches-52-week-high-as-it-records-highest-quarterly-revenue\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"FMCG Stock jumps 9% and reaches 52-week high as it records highest quarterly revenue"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/71837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=71837"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/71837\/revisions"}],"predecessor-version":[{"id":71842,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/71837\/revisions\/71842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/13573"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=71837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=71837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=71837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}