Britannia shares fall 5% despite decent Q4 show. Do Morgan Stanley, Nomura see any upside?

Britannia Industries shares dropped significantly even as the company reported a profit increase. The FMCG major’s fourth-quarter earnings missed analyst expectations for revenue and volume growth. Supply disruptions in international business due to the West Asia conflict impacted March sales. Despite this, the company sees traction in e-commerce and premium products. Analysts maintain mixed views on the stock’s future performance.

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