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$2 bn wiped out from Britannia's m-cap in 2 days after Q2 results
short by Mansi Agarwal / on Tuesday, 12 November, 2024
Britannia's market capitalisation dropped by roughly $2 billion in two days as its shares plunged following the lower-than-expected earnings in the September quarter. Its shares ended 7.3% lower on Tuesday. The company's net profit fell around 10% YoY to ₹531 crore in Q2, while its revenue was up 5.3% YoY to ₹4,667 crore.
read more at CNBC-TV18