Britannia's market capitalization was wiped out by $2 billion in 2 days

In two days, Britannia's market capitalization fell by about $2 billion as its shares fell after the company's September quarter earnings fell short of expectations. On Tuesday, its stock ended the day 7.3% lower. In Q2, the company's revenue increased 5.3% YoY to ₹4,667 crore, but its net profit decreased almost 10% YoY to 531 crore.

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