Therefore, the financial results of Britannia Industries Ltd are not disappointing, even though they are far from being encouraging. Investor expectations had softened after December quarter volume growth came in at 7%, missing expectations. “We have seen a slowdown in the market in recent months," said the Britannia management in a press release. In the March quarter, the company launched Treat Burst, Treat Stars, Whole Wheat Marie and Milk Bikis Choco Cream. Going ahead, better volume growth rates hold the key to ensure valuations don’t get bitten into.

Source: Mint May 02, 2019 13:52 UTC