FMCG major flags firming of milk, cocoa and coffee prices
While most brokerages have built in healthy revenue and profit delivery by the company over the next few years, the stock may not see much upside given high valuations
An Axis Securities note provides a sector-wise distribution of stocks trading above key Exponential Moving Averages. EMAs give more weight to recent prices, making them more responsive to new triggers
FMCG companies have increased their promotional intensity with higher discounting in modern trade and e-commerce, which is a sign of competitive intensity
The decline in Nestle's share price came after reports suggested that global brokerage firm BoFA Securities has downgraded the stock to 'Underperform' from 'Neutral.'
Kohli joined as Britannia's CEO in September 2022 and previously held leadership roles at Domino's India, run by Jubilant Foodworks, Asian Paints and Coca-Cola Co
FMCG stocks: In the past one month, the BSE FMCG index has tanked 12 per cent as compared to 7 per cent decline in the BSE Sensex
Sector weight in Nifty 50 declines to 9.5%, the lowest since 2011
Among the key themes identified in the report is the growing importance of rural markets. Nuvama expects companies with a stronger rural exposure to outpace urban-focused peers in the next 2 quarters
Cigarettes and FMCG margin contracted due to inflation in input costs
In the same period last year, the sector recorded a growth of 6.5 per cent. It witnessed a growth of 5.6 per cent in the September quarter this year, up from 3.5 per cent in the June quarter
Nestle India share price has tumbled nearly 23% in the last 4 months, and now trades 5% away from its key long-term support on the monthly chart; the stock has held since November 2017.
Analysts and investors will eye HUL's outlook on demand and growth
Persistent weak urban demand could impact firms' performance in Q3FY25
The per household average spend in the urban market recorded a 13% jump in a year to reach Rs 6,761 this Oct quarter
Thus far in the calendar year 2024, the FMCG index was up 1.4 per cent, as against 13.5 per cent rally in BSE Sensex.
The drop in the Gopal Snacks share price came after the company reported a fire incident on December 11 at its Rajkot facility
In the past two occasions, Britannia share price more-than-doubled after the stock tested its super trend line support on the monthly scale. Will history repeat itself? Chart check here
Noting that modern trade and quick-commerce channels are thriving, offering new growth avenues, he said insurgent brands are capturing significant growth by winning the hearts of underserved customers
Initial data from NielsenIQ for October shows overall FMCG growth at 4-5 per cent, with volume growth at around 3 per cent and price growth at just 1-2 per cent