Britannia shares slipped 3.7% despite an 8.7% YoY revenue rise to ₹4,622 crore and stable margins in Q1. Analyst Rajneesh Sharma sees a bullish breakout above ₹5,978, with technicals showing accumulation. PAT rose 3% YoY but declined 7% QoQ. Retail sentiment turned bearish even as analysts remain optimistic on premiumisation and innovation.