Britannia shares drop 5% on price hike warning amid Iran conflict
after close1 source ↓written by the desknot a recommendation
- to ₹5
- 4.97%
Britannia Industries shares fell 4.97% to ₹5,525 after the company warned of higher product prices due to rising freight costs linked to the ongoing conflict in the Middle East. This announcement raised concerns over margins and consumer demand, making Britannia one of the top laggards on the Nifty FMCG index. Investors reacted negatively, fearing inflationary pressures on the consumer goods sector.
Not investment advice. For informational purposes only.