Britannia stock jumps 16%; hits 52 week high

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Shares in Britannia industries jumped 16 per cent, after the company reported a spectacular growth in net profits. The shares also hit a 52-week high of Rs 680 on the Bombay Stock Exchange.

For Q4FY13, the company's revenues grew 13.7 per cent y-o-y to Rs15024.2 million. EBITDA grew 64.1 per cent y-o-y to Rs1318.7 mn with margins of 8.8 per cent which improved 248 bps q-o-q & 270 bps y-o-y mainly on account of 220 bps y-o-y decrease in other expenditure as a per cent of sales. PAT grew 65.7 per cent y-o-y to Rs878.5 mn with margins of 5.8 per cent which improved 197 bps q-o-q & 184 bps y-o-y.

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