Stocks

What to watch: Shah Foods may turn sour on Britannia exit

| Updated on April 24, 2019 Published on April 25, 2019

Shares of Shah Foods may remain under pressure, as the company said Britannia Industries has terminated the job work contract from June 30, 2019. Shah Foods said it has approached the concerned officials of Britannia and is trying hard to renew/continue the job work contract. Shareholders would be keenly watching the development, as Britannia is its principle customer. For FY18, the biscuit manufacturing company had posted a profit of ₹12 lakh and revenues of ₹5.39 crore.

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Published on April 25, 2019
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