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Brokerages Bullish On Britannia Post Q1 Earnings; Hike Target Price

Expansion in distribution footprint will benefit Britannia in future. 

Revati Krishna
Biscuits move along a conveyor belt (Photographer: Chris Warde-Jones/Bloomberg News)

Brokerages retained their bullish rating on the stock of Britannia Industries Ltd. while revising their target price higher after the country’s second-largest biscuit maker reported better-than-expected first quarter earnings.

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