India's Britannia Industries set for worst month in over 18 yrs after downbeat Q2
** Shares of Britannia Industries Ltd BRIT.NS down 13.8% in November, set for their biggest monthly drop since June 2006
** Stock currently up 0.2% at 4,934.95 rupees
** BRIT among top 5 biggest monthly pct losers on blue-chip Nifty 50 index as well as FMCG stocks .NIFTYFMCG that are down 1.2% and 2.5%
** BRIT reported smaller-than-expected Q2 profit in mid-Nov due to poor demand from inflation-wary urban customers, sending its shares down by more than 12% in two sessions
** Downbeat results also led stock to its worst week in 24 years; the stock was up by just 0.35% on the day before the results
** Avg rating on stock has fallen to "hold" from "buy" following post-results downgrades - LSEG
** Stock has 13 "hold" ratings, its most in at least two years
** YTD, BRIT down ~8%, among worst-performing stocks on Nifty 50 and Nifty FMCG index that are up 11% and ~2%, respectively
Reporting by Nandan Mandayam in Bengaluru
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