An Opportunity To Gain Market Share

While analysts expect India Inc to report a muted fourth quarter (Q4) earnings, they also feel Q1 FY2021 could be the best time to accumulate quality stocks of the companies based on a scenario post the lockdown. One such company leading in a food-products category is Britannia Industries. The company is into manufacturing and sale of biscuits, bread, rusk, cakes and dairy products both in India and abroad. Analysts believe that even as packaged food industry, especially biscuit, is facing supply chain issue due to nationwide lockdown, Britannia is going to be one of the major beneficiaries once the situation stabilises. “Nearly 80 per cent of Britannia’s turnover comes from biscuits, which is an essential category, is less impacted during the nationwide lockdown. We note that during lockdown period consumers have resorted to up-stocking of essential items including packaged...