Britannia Industries Ltd will release its March quarter results on Wednesday, first time after being included in the Nifty. The Street expects revenue growth of around 10 percent at Rs 2,800 crore. EBITDA is likely to grow by about 12 percent, a tad higher than the revenue, which would mean a margin expansion of close to around 40-50 bps.

The stock was included in the Nifty on March 29 and, despite the fact that the stock price is down 16 percent from its record high, Britannia shares still trade at a valuation of 48 times FY20 earnings.

Britannia’s Q4 net profit is likely to grow by 15 percent to between Rs 300 crore and Rs 305 crore. The Street expects 100-150 bps improvement in gross margins.