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Britannia gained 10 % in the last few weeks

Britannia Industries has gained 10 per cent over the last couple of weeks, driven by a rebound in demand, expectations of steady performance in the March quarter, lower impact of the second wave of Covid infections, and attractive valuations.
In his prediction the analysts at Prabhudas Lilladher said that Q3FY21 performance is likely to show signs of recovery led by sustained rural demand and a gradual pickup in urban demand post unlock and normalization of the supply chain, we believe margins for select players will start correcting QoQ given rising commodity costs and comeback of ad spends, marketing and overhead expenses
The Kotak Institutional Equities brokerage expects consolidated Ebitda margin to expand 83 bps YoY aided by 56 bps expansion in GM and operating leverage gains. For the standalone business, we expect gross margin expansion to be restricted to 33 bps YoY post the strong 114 bps YoY expansion in the previous quarter.

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