Shares of Britannia Industries were in focus on June 5, rising 0.12% to ₹5,548.50 in early trade after CNBC Awaaz reported that the GST Council is likely to consider reducing the Goods and Services Tax (GST) on dairy products like cheese and condensed milk. The move, if implemented, could lower input costs and boost profitability for food companies with significant dairy exposure.
Currently, cheese and condensed milk attract 12% GST, while paneer, curd, lassi, buttermilk, and UHT milk are taxed at 5%. The proposed reduction could provide pricing flexibility for consumer goods companies like Britannia.
Updated stock details:
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Current Price: ₹5,548.50
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Previous Close: ₹5,542.00
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Day Range: ₹5,520.50 – ₹5,570.00
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52-Week Range: ₹4,506.00 – ₹6,469.90
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Market Cap: ₹1.34 trillion
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P/E Ratio: 61.34
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Dividend Yield: 1.35%
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Avg Volume: 253.26K
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