Britannia Industries

Britannia Industries scheduled five meetings with analysts and institutional investors between 14 and 25 August 2026. The schedule included an ICICI Securities CIO roundtable and one-to-one meetings with Enam Asset Management Company, Tokio Marine Asset Management, Nippon India Mutual Fund and Motilal Oswal Financial Services, held in Mumbai, Bengaluru or virtually. No unpublished price-sensitive information was to be shared during the meetings. Britannia reported consolidated revenue of about ₹5,000 crore and profit after tax of ₹593 crore in the June quarter, with biscuits still its core business and non-biscuit products accounting for roughly a quarter of sales.

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Adds details, CEO comment, brokerages' view and context from paragraph 2 onwards

Aug 7 (Reuters) - Shares of Britannia Industries BRIT.NS rose as much as 4.7% on Friday after the biscuits maker posted higher quarterly profit and signalled stronger demand, prompting analysts to reaffirm its growth outlook despite lingering cost pressures.

Demand for packaged foods remained resilient in the June quarter as steady consumer spending drove volume growth, allowing companies such as Britannia to navigate volatile commodity prices and supply-chain disruptions.

Demand is holding up... we have exited the quarter on a very positive note," CEO and Managing Director Rakshit Hargave said on an earnings call.

Britannia forecast on Thursday an improving domestic demand environment to support growth, although it flagged geopolitical tensions in West Asia and volatile crude oil prices as risks that could push up input costs.

To protect margins, the company accelerated cost-efficiency measures, including packaging optimisation, wastage reduction, procurement efficiencies and greater use of alternate fuels and renewable energy.

While industrial fuel and laminate costs rose sharply during the quarter, Britannia said strategic hedges and these initiatives would help cushion the impact. Total expenses rose 7.3% to 42.62 billion rupees ($447.34 million).

Britannia reported a 13.4% rise in quarterly consolidated net profit to 5.91 billion rupees, while revenue from operations rose 8.2% to 50 billion rupees.

The results and outlook lifted investor sentiment. Shares jumped as much as 4.7% to 5,660 rupees on Friday, their highest level in three months.

Analysts at Macquarie said improving domestic demand and market share gains would be key near-term growth drivers.

Investec said easing supply-chain constraints could support margins and maintained its "hold" rating with a price target of 5,851 rupees.

Nomura said Britannia's low-single-digit price hikes supported volume growth broadly in line with expectations. The brokerage maintained its "buy" rating and a price target of 6,500 rupees.

($1 = 95.2750 Indian rupees)

(Reporting by Saikeerthi and Chandini Monnappa in Bengaluru; Editing by Sherry Jacob-Phillips)

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Aug 6 (Reuters) - Britannia Industries Ltd BRIT.NS:

• BRITANNIA INDUSTRIES Q1 CONSOL NET PROFIT 5.91 BILLION RUPEES; IBES EST. 6.05 BILLION RUPEES

• BRITANNIA INDUSTRIES Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 50 BILLION RUPEES; IBES EST. 49.86 BILLION RUPEES

Source text: [ID:]

Further company coverage: BRIT.NS

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** Macquarie flags risks to rural-focused consumer brands Britannia BRIT.NS and Dabur DABU.NS as demand sentiment likely to be hit by monsoon weakness caused by El Nino

** BRIT last up 0.3%, Dabur last up 1.1%

** Food inflation impact likely to be limited due to govt's proactive approach to counter weak monsoon impact - brokerage

** However, past periods where monsoon has been at or below 90% of long-term period avg can have sharp impact on rural incomes, affecting spends - brokerage

** Weather forecasting agencies expect monsoons to be at 90% of long-term avg in 2026, with June recording less than 60% of long-term avg; central, west, northwest India at risk of significant deficit - brokerage

** YTD, BRIT down 12.4%; DABU down 14.7%

(Reporting by Abhirami G in Bengaluru)

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By Praveen Paramasivam and Chandini Monnappa

CHENNAI/BENGALURU, June 8 (Reuters) - From smaller packs on shelves to higher prices at checkout, Indian companies are scrambling to protect their margins as surging oil, freight and insurance costs - and strained household budgets - pile on pressure.

The U.S.-Israeli war on Iran has disrupted trade routes and lifted input costs globally, hitting import-reliant economies like India harder, where a weaker rupee is adding to inflation and complicating pricing decisions as demand remains uneven.

"We are among the world's most vulnerable countries," economist Jayati Ghosh said, warning higher oil and fertiliser costs, weaker Gulf demand, softer remittances and potential capital outflows could stoke inflation and slow growth.

Consumer goods makers Hindustan Unilever HLL.NS, Godrej Consumer Products GOCP.NS and Dabur India DABU.NS have already rolled out low- to mid-single-digit price hikes across categories, with Britannia BRIT.NS preparing similar moves.

Pricing power remains weak in mass segments, with companies holding the line on 10- to 20-rupee (11- to 21-cent) packs and shrinking product sizes instead of raising prices outright.

"We are reducing grammage because we can't breach those price points," said Mohit Malhotra, global CEO at Dabur.

Automakers Maruti Suzuki MRTI.NS, Mahindra & Mahindra MAHM.NS, Tata Motors Passenger Vehicles TAMO.NS and Hyundai Motor India HYUN.NS have also hiked prices.

"We were left with no choice," said Partho Banerjee, Maruti's senior executive officer for marketing and sales, adding that raising prices was not good for customers, especially first-time buyers.

Airlines IndiGo INGL.NS and Air India are trimming capacity, especially on fuel-heavy international routes, and increasing fares to offset higher aviation fuel costs.

Consumers are feeling the squeeze.

"I have no family to feed, no school fees, and no monthly payments on a car. I'm still watching my spending as prices are up for almost everything, from travel to packaged food," said Aditi Anjana, a Mumbai-based communications professional who is in her 30s.

BELT-TIGHTENING MODE

With limited room to pass on costs, companies are turning inward and cutting costs to cushion margins.

Hindustan Unilever HLL.NS has cut advertising spend, while others are trimming non-essential travel and marketing costs.

"The scope for further cost-cutting is gradually narrowing," Axis Direct analyst Uttam Kumar Srimal said, adding prolonged commodity and fuel inflation could force sharper price hikes or margin hits.

Sectors with high global exposure, including aviation, oil and gas, chemicals, logistics and capital goods, may remain under margin pressure, said Shweta Rajani, associate director at Anand Rathi Wealth.

RESETTING SUPPLY CHAINS

Firms are also reworking supply chains to manage disruptions. Companies with Middle East exposure are rerouting shipments, diversifying sourcing, and shifting production.

Dabur, an Indian rival of Colgate-Palmolive, is using alternative routes via Egypt and Turkey, while packaged goods maker Britannia is bringing some production back home.

Some firms are also front-loading purchases and closely tracking demand to avoid overstocking, underscoring tighter working capital discipline.

Arvind Fashions ARVF.NS has advanced inventory buys to lock in costs and is relying more on local suppliers, while Tata Group retailer Trent TREN.NS is tweaking raw materials, packaging, and product development.

"My priority is not to take prices up," said Umashan Naidoo, head of customer and beauty at Trent, which offers Gen-Z-focused affordable trendwear through its brand ​Zudio.

($1 = 94.9450 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai and Chandini Monnappa in Bengaluru; Additional reporting by Surbhi Misra; Editing by Dhanya Skariachan and Himani Sarkar)

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Rewrites throughout with comments from post-earnings call

May 8 - India's Tata Consumer Products TACN.NS forecast double-digit revenue growth in fiscal 2027 on Friday, after beating quarterly earnings estimates, as steady demand for staples such as tea and salt offset cost pressures from the Middle East conflict.

Tea prices were largely benign and coffee prices are starting to ease, which should aid margins, the Tata group company said in an earnings call, while any broad-based fuel inflation would likely be passed on through pricing.

The 'Tata Salt' maker expects earnings before interest, taxes, depreciation and amortization (EBITDA) margin to grow by 50-70 basis points for the current fiscal year, a slower pace than fiscal 2026, which saw an expansion of 100 basis points.

After a prolonged urban-led slowdown, demand has started recovering in India, aided by tax cuts introduced last year aimed at boosting spending. But margins are being impacted for Indian consumer goods makers.

The Middle East conflict disrupted shipping in March, hurting some international and export-led businesses, the Tetley tea maker said.

However, it added that supply chains have normalised since April and risks were contained through alternative sourcing and pricing power.

Its growth portfolio, which includes premium health-focused brands such as Organic India and Tata Sampann, posted 33% revenue growth from a year ago.

The company expects it to expand at about 30% in the near term as it diversifies to reduce exposure to volatile commodity prices.

Peers Dabur DABU.NS and Britannia Industries BRIT.NS have turned to price hikes to combat rising commodity prices linked to the Iran war. Higher raw material prices, fuelled by surging crude, are pressuring corporate margins across sectors.

Tata Consumer, which operates a joint venture with Starbucks SBUX.O in India, said fourth-quarter profit grew 21% to 4.19 billion rupees, while revenue climbed 18%, both beating estimates. Quarterly expenses rose about 16%.

(Reporting by Urvi Dugar in Bengaluru; Editing by Shreya Biswas)

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BENGALURU, May 7 (Reuters) - Diary of India economic, corporate events on May 7

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

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March 31 (Reuters) - Britannia Industries Ltd BRIT.NS:

• RE-APPOINTS N. VENKATARAMAN AS EXECUTIVE DIRECTOR AND CFO FOR 4 YEARS FROM JULY 2026

Source text: ID:nBSEvbC3f

Further company coverage: BRIT.NS

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March 13 (Reuters) - Britannia Industries Ltd BRIT.NS:

• REPORTS NO SIGNIFICANT DISRUPTION TO OPERATIONS FROM INDUSTRIAL GAS SUPPLY

• MAINTAINS ADEQUATE LEVELS OF FINISHED GOODS ACROSS SUPPLY CHAIN

• CAN SWITCH BETWEEN MULTIPLE FUEL TYPES AT MANUFACTURING FACILITIES

• TO MONITOR DEVELOPMENTS AND ENSURE CONTINUITY OF OPERATIONS

• TAKEN NOTE OF REPORTS ON POTENTIAL DISRUPTION ON ACCOUNT OF CONFLICT IN MIDDLE EAST

Source text: ID:nNSE9YLj3X

Further company coverage: BRIT.NS

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Updates with analyst commentary in paragraphs 6 and 7, parent results in paragraph 9

By Praveen Paramasivam and Komal Salecha

Feb 12 (Reuters) - Hindustan Unilever HLL.NS reported a 15% decline in quarterly profit on Thursday, pressured by thinner margins as the consumer goods major cut some product prices to counter rising competition, sending shares lower.

The local subsidiary of UK's Unilever ULVR.L, home to Dove and Surf Excel brands, said its profit from continuing operations fell to 25.90 billion rupees ($286.05 million) for the quarter ended December 31.

Shares fell as much as 4.6% after the results.

Total expenses climbed 5%, with EBITDA margins shrinking by 70 basis points from a year earlier to 23.3%, after Hindustan Unilever cut prices in its tea business and home care portfolios, partly to stave off competition.

Hindustan Unilever has grappled with stiff competition in fabric care from startups as well as Ariel detergent maker Procter & Gamble PG.N and India's Godrej Consumer Products GOCP.NS.

Three analysts said Hindustan Unilever's margins missed their estimates. Akshay D'Souza, an independent consumer goods consultant, said the company's focus on distribution-led growth, a slower pace of launches and acquisition spending have squeezed margins.

However, its sales growth improved, rising 4% from a year earlier to 156.14 billion rupees. A 4% increase in sales volume growth is "a bright spot," said Ajay Thakur, research analyst at Anand Rathi Institutional Equities.

Consumer goods makers, including Britannia Industries BRIT.NS and Hindustan Unilever, expect demand to pick up after several subdued quarters, supported by tax cuts and easing inflation that have bolstered urban spending.

Hindustan Unilever expects the fiscal year starting April to be better than the current year. But its parent firm expects 2026 sales growth to be at the lower end of its forecast after a slowdown in the U.S. and Europe.

Hindustan Unilever on Thursday also said it would buy the remaining 49% stake in plant-based food brand Oziva for 8.24 billion rupees.

($1 = 90.5450 Indian rupees)

(Reporting by Komal Salecha in Bengaluru and Praveen Paramasivam in Chennai; Editing by Sonia Cheema)

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Feb 11 (Reuters) - Indian consumer goods maker Patanjali Foods PAFO.NS reported an almost 60% rise in third-quarter profit on Wednesday, aided by steady edible oils sales and tax cuts that increased consumer demand.

The Sunrich brand oil maker's profit rose to 5.93 billion rupees ($65.33 million) for the three months ended December 31, up from 3.71 billion rupees a year earlier.

Demand for edible oil has remained strong over the past few quarters even as other consumer goods have faced a slowdown, as it is a staple for cooking in the world's most populous country.

Revenue from Patanjali's edible oils segment, which makes up about 70% of the company's total revenue, rose about 9% to 73.36 billion rupees.

That led to nearly 17% growth in overall revenue to 104.84 billion rupees.

“Driven by disciplined execution of our business strategies over recent quarters, the Company achieved its strongest financial performance to date across multiple metrics, even amid a dynamic operating environment," CEO Sanjeev Asthana said.

Revenue from the food and fast-moving consumer goods segment rose nearly 40%, helped by tax cuts.

Indian consumer goods makers such as Britannia BRIT.NS, ITC ITC.NS and Dabur DABU.NS have been seeing a gradual recovery in demand, after several quarters of pressure, aided by the tax cuts and slowing inflation.

Earlier in the month, larger peer Adani Wilmar ADAW.NS reported a slump in quarterly profit as it took a large one-off gain in the year-ago period due to sharp commodity price increases.

($1 = 90.7680 Indian rupees)

(Reporting by Komal Salecha in Bengaluru; Editing by Ronojoy Mazumdar and Tasim Zahid)

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Feb 10 (Reuters) - Indian biscuit maker Britannia Industries BRIT.NS reported a 17% rise in third-quarter profit on Tuesday, as tax cuts boosted demand.

The company, known for its Marie Gold and Good Day brand of biscuits, reported a consolidated net profit of 6.8 billion rupees ($75.12 million) for the quarter ended December 31, up from 5.82 billion rupees a year ago.

Analysts, on average, were expecting a profit of 6.64 billion rupees, according to LSEG data.

($1 = 90.5240 Indian rupees)

(Reporting by Komal Salecha in Bengaluru)

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Jan 1 (Reuters) - Britannia Industries Ltd BRIT.NS:

• GETS TAX DEMANDED OF 1.09 BILLION RUPEES

Source text: ID:nBSE5TQr4F

Further company coverage: BRIT.NS

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Nov 11 (Reuters) - India's Britannia Industries' BRIT.NS shares tumbled nearly 6% in early trade on Tuesday after its long-time managing director Varun Berry quit after more than a decade at the helm.

(Reporting by Komal Salecha in Bengaluru; Editing by Sonia Cheema)

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** Indian biscuit-maker Britannia Industries BRIT.NS rises 3.5% to 6,096.5 rupees

** Britannia's Q2 profit rises 23% y/y and net profit margins improve to 13.5% from 11.4% a year ago, benefitting from price hikes

** Co taps paints manufacturer Birla Opus' former chief Rakshit Hargrave as CEO

** BRIT's former CEO Rajneet Kohli stepped down in March

** New CEO Hargrave played a critical role in scaling the Birla paints business amid tough competition, Jefferies says

** On the day, Grasim Industries GRAS.NS, which includes Birla Opus, falls 5%

** YTD, BRIT up ~28%

(Reporting by Ananta Agarwal in Bengaluru)

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** Analysts at Nomura and Jefferies say Colgate COLG.NS, Britannia Industries BRIT.NS and Nestle India NEST.NS will be the key beneficiaries of tax cuts on everyday items

** Government slashed rates to 5% on a wide range of everyday items including personal care products, household goods and packaged foods.

** Colgate, up 3.6%, was the top gainer on Nifty FMCG index .NIFTYFMCG which rose 0.7%

** Britannia, Dabur and Nestle were also among the top gainers on the index, gaining 3%, 2.2% and 1.7%, respectively

** Nomura expects 100% of COLG's portfolio to benefit from tax cuts, while Jefferies estimates that number to be 95%

** 85% of Britannia's portfolio to benefit - Nomura and Jefferies

** Analysts flag that around 70% of Nestle's and 50%-60% of Dabur's portfolio to benefit

** Median PT for Colgate is 2472 rupees, Britannia's at 5900 rupees; Nestle and Dabur at 1200 and 545 rupees, respectively - data complied by LSEG

(Reporting by Nishit Navin in Bengaluru)

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** Indian biscuit maker Britannia Industries BRIT.NS down ~2% to 5,523 rupees following Q1 results

** 'Bourbon' biscuits maker misses Q1 profit estimates as cost inflation in key commodities and high competition crimp margins

** Macquarie says Britannia's comments, pointing to a heightened competitive landscape across categories, are concerning

** Adds, EBITDA, which was flat y/y came below its estimates

** BRIT rated 'hold' on average by 34 analysts; media PT at 5,824, implying a 5.4% upside to current price - as per data compiled by LSEG

** YTD, Britannia shares up ~16%

(Reporting by Ananta Agarwal in Bengaluru)

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Aug 5 (Reuters) - Indian biscuit maker Britannia Industries BRIT.NS reported first-quarter profit below estimates on Tuesday.

The company, which sells 'Marie Gold' and 'Bourbon' biscuits, reported consolidated net profit of 5.21 billion rupees ($59.3 million).

Analysts, on average, had expected 5.7 billion rupees, as per data compiled by LSEG.

($1 = 87.8470 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Janane Venkatraman)

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** Britannia Industries BRIT.NS climb 0.8%; consumer goods and benchmark indexes down over 1%

** Biscuit maker's Q4 profit rises due to price hikes, which Nomura pegs at 6%

** Brokerages say 9% rev growth of 9% largely met estimates, while profit growth of 4% beat view

** Most analysts hold ratings; avg rating is equivalent to "buy", similar to most on 15-member Nifty FMCG .NIFTYFMCG

** Stock has gained 15% YTD, second-highest on index that is down 2.4% this year

(Reporting by Nandan Mandayam in Bengaluru)

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May 8 (Reuters) - Britannia Industries Ltd BRIT.NS:

• Q4 CONSOL NET PROFIT 5.6 BILLION RUPEES; IBES EST. 5.18 BILLION RUPEES

• Q4 CONSOL TOTAL REVENUE FROM OPERATIONS 44.32 BILLION RUPEES; IBES EST. 43.97 BILLION RUPEES

• - RECOMMENDED FINAL DIVIDEND OF 75 RUPEES/SHARE

Further company coverage: BRIT.NS

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May 1 (Reuters) - Britannia Industries Ltd BRIT.NS:

• RECEIVES ORDER FROM ADDITIONAL COMMISSIONER OF CGST & CX

• ORDER DEMANDS TAX OF 254.2 MILLION RUPEES

Source text: ID:nBSE88w2lW

Further company coverage: BRIT.NS

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March 24 (Reuters) - Britannia Industries Ltd BRIT.NS:

• BRITANNIA INDUSTRIES LTD - JHAGADIA PLANT OPERATIONS PARTIALLY AFFECTED BY STRIKE

• BRITANNIA INDUSTRIES LTD - IN DISCUSSIONS WITH WORKERS TO RESOLVE STRIKE

• BRITANNIA INDUSTRIES LTD - ASSESSING IMPACT OF STRIKE, MANAGING DEMAND THROUGH AVAILABLE RESOURCES

Source text: ID:nBSE6DqYSk

Further company coverage: BRIT.NS

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March 6 (Reuters) - Britannia Industries Ltd BRIT.NS:

• RAJNEET SINGH KOHLI RESIGNS AS CEO OF BRITANNIA

Source text: ID:nBSEgdPCn

Further company coverage: BRIT.NS

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Feb 21 (Reuters) - Bharat Petroleum Corporation Ltd BPCL.NS:

• NSE: BPCL AND BRITANNIA INDUSTRIES BEING EXCLUDED FROM NIFTY 50

• NSE: JIO FINANCIAL SERVICES AND ZOMATO BEING INCLUDED IN NIFTY 50

• NSE: CHANGES IN NIFTY 50 STOCKS SHALL BECOME EFFECTIVE FROM MARCH 28

Source text: [ID:]

Further company coverage: BPCL.NS

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** Shares of Indian biscuit maker Britannia Industries BRIT.NS up as much as 2.2% on Q3 results to 5065 rupees

** Co reports 6% volume growth y/y in despite "ongoing subdued demand" and "increased competitive pressures"

** Net profit growth of 4.8% aided by lower employee costs and advertising spends, analysts say

** Gross margin contraction of more than 500bps higher than expected due to inflation in key commodities - JPMorgan

** Analysts see green shoots from trade promotions and distribution network expansion aiding volume growth amid ongoing margin pressure

** Stock rated "Hold" on avg by 33 analysts - LSEG

** Avg PT of 5421.88 rupees provides a 7.7% upside to current stock price

(Reporting by Ananta Agarwal in Bengaluru)

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** 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)

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Adds consumer, trade body and company reaction; updates shares

By Praveen Paramasivam and Sai Ishwarbharath B

CHENNAI/BENGALURU, Feb 1 (Reuters) - India's plans to cut personal income tax rates will put more disposable income in the hands of the people and eventually boost consumption in the world's fifth-largest economy, top executives said on Saturday.

The comments came after the government in its annual budget said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay any taxes, raising its threshold from 700,000 rupees. It also cut tax rates for people earning above the new threshold.

Private consumption accounts for about 60% of India's gross domestic product.

Consumption in India has been under stress in the last few quarters as shoppers tightened their purse strings amid stubborn inflation and modest wage growth.

"Tax reforms benefiting the middle class will increase disposable income, further fuelling demand across essential and aspirational categories," Godrej Consumer Products' GOCP.NS CFO Aasif Malbari said.

The news boosted the shares of consumer goods .NIFTYFMCG, autos .NIFTYAUTO and realty .NIFTYREAL firms by 4.1%, 2.1% and 3%, respectively. It also pushed the shares of food delivery firms Zomato ZOMT.NS and Swiggy SWIG.NS 7.8% and 8.7% higher, respectively.

The government's plan is estimated to help around 25-30 million personal tax payers save about 100,000 rupees annually, according to Kamal Bali, managing director of Volvo Group India.

"It will boost discretionary capital spends like buying a vehicle. (People) will have better repaying capacity for EMIs," Bali told Reuters.

Others echoed the sentiment.

"The tax cut is going to be a helpful factor in accelerating demand for various kinds of consumer products," RC Bhargava, chairman of Maruti Suzuki India MRTI.NS, India's top carmaker, told TV channel ET Now.

The Federation of Automobile Dealers Associations (FADA), a trade body, expects the government's plan to make car upgrades affordable to more middle-class families, leading to higher demand for SUVs, sedans, and premium two-wheelers.

Some consumers welcomed the news.

"I would have one less stressful obligation since I would no longer have to pay taxes," Chennai-based software engineer S. Surya said, adding he planned to use the money he saved "on higher-quality essentials and restaurant visits".

Some others were less thrilled.

"They haven't reduced goods and services tax or petrol prices," Pranav Charan, another engineer, lamented.

($1 = 86.5360 Indian rupees)

(Reporting by Praveen Paramasivam, Sai Ishwarbharath B and Nishit Navin; Editing by Dhanya Skariachan and Sonia Cheema)

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Jan 23 (Reuters) - Britannia Industries Ltd BRIT.NS:

• GETS TAX DEMAND OF TOTAL AMOUNT 43.3 MILLION RUPEES

Source text: ID:nBSE8rYbgc

Further company coverage: BRIT.NS

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Jan 16 (Reuters) - Britannia Industries Ltd BRIT.NS:

• GOT TOTAL TAX DEMAND ORDER FOR 11.6 MILLION RUPEES

Source text: ID:nNSE2ymlzk

Further company coverage: BRIT.NS

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** Shares of Britannia Industries Ltd BRIT.NS down 13.8% in November, set for their biggest monthly drop since June 2006

** Stock currently up 0.2% at 4,934.95 rupees

** BRIT among top 5 biggest monthly pct losers on blue-chip Nifty 50 index as well as FMCG stocks .NIFTYFMCG that are down 1.2% and 2.5%

** BRIT reported smaller-than-expected Q2 profit in mid-Nov due to poor demand from inflation-wary urban customers, sending its shares down by more than 12% in two sessions

** Downbeat results also led stock to its worst week in 24 years; the stock was up by just 0.35% on the day before the results

** Avg rating on stock has fallen to "hold" from "buy" following post-results downgrades - LSEG

** Stock has 13 "hold" ratings, its most in at least two years

** YTD, BRIT down ~8%, among worst-performing stocks on Nifty 50 and Nifty FMCG index that are up 11% and ~2%, respectively

(Reporting by Nandan Mandayam in Bengaluru)

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