Britannia shares climb 4% as Nuvama sees 49% upside

Britannia is a big company that makes biscuits and other snacks.

The company told people how much money it made in the first three months of its new year.

It earned more money than it did at the same time last year.

Because the results were good, the company's share price went up by more than four percent on the stock market.

A research company called Nuvama thinks the share price can go even higher, almost 49% more.

Nuvama believes Britannia's business in other countries is getting better.

Britannia is also selling more biscuits online through e-commerce.

The company is trying new products and fun marketing campaigns to attract customers.

But there are some risks too, like changing oil prices and tension in West Asia.

Overall, investors are feeling happy about Britannia's future.