₹611 crore.Meanwhile, the Britannia stock trades at almost 44 times estimated earnings for financial year 2021-22, based on Bloomberg data.To be sure, near-term triggers for the Britannia stock appear limited.
Higher year-on-year revenue growth (18%) for the half year ending September (H1FY21) means to that extent, the base becomes unfavourable in H1FY22.Small wonder, while shares of Britannia are about 9% above pre-covid highs seen in February 2020, they are also 11% lower compared to the annual highs seen on 20 July 2020.Click here to read the Mint ePaperMint is now on Telegram.