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.
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