The Britannia group is expecting its Q4 revenue to grow 13% thanks to price hikes as well as market share gains

According to Britannia Industries’ Q4 results on May 5, the company is expected to report a 32-percent year-over-year increase in consolidated net profit at Rs 498.4 crore. Approximately 13.5 percent of brokerages expect their revenue from operations to grow to Rs 4,029 crore this year.

In spite of that, net profit will decline by over 46 percent from last quarter, which included a gain from a stake sale in a dairy company.

“The revenues will grow because Parle will gain market share, new launches will gain traction, the distribution network will expand in rural areas, and the rural slowdown is likely to bottom,” Kotak Institutional Equities analysts say.

Operating earnings before interest, taxes, depreciation, and amortization (EBITDA) are expected to rise 28 percent to Rs 703 crore. There is also a possibility that margins will expand 200 basis points to 17.5 percent.

Stock market

Gainers & Losers: 10 stocks in May

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Stock market

It was a strong day for the market in May, despite the sluggishness of early trade. Nifty gained 166 points to 18,255.80, as the Sensex gained 555 points to 61,749 points. 2,195 shares rose, 1,242 declined and 110 remained unchanged. Here are the top gainers and losers for the day:

Stock market

Petronet LNG | CMP: Rs 227.05 | Petronet LNG’s shares slumped 4 percent after reporting a 18.1 percent drop in standalone profit for the March quarter at Rs 614.25 crore due to weak operating numbers.

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It closed nearly 7 percent higher after reporting higher-than-expected earnings at Cholamandalam Investment and Finance Company. From Rs 690 crore last year, the company’s standalone net profit rose by 24 percent to Rs 853 crore for the March quarter.

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