State-owned Life Insurance Corporation (LIC) has offloaded 2.02% stake in FMCG firm Britannia Industries by selling 24.20 lakh shares in the open market. The insurance major, which had 5.30% stake earlier, brought down its shareholding in the company to 3.26% by selling shares between September 9, 2010, and September 27, 2013.
The company reported around two-fold rise in consolidated net profit at Rs 89.58 crore in Q1FY14 on the back of improvement in product mix and higher price realisation. The company launched various brands in biscuits, bread, cake & rusk business. It has launched brands like Tiger, Britannia 50:50, Good Day, Britannia Treat, Marie & many more.
| Company Name | CMP |
|---|---|
| Varun Beverages | 474.05 |
| Nestle | 1285.65 |
| Britannia Inds | 5733.75 |
| LT Foods | 422.10 |
| Hatsun Agro Product | 979.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: