Page 12 - Fmcg Stocks
High RM prices to dent HUL's Q3 margins, revenues may rise up to 14% YoY
Higher advertising spends coupled with inflationary pressures, analysts said, are likely to squeeze EBITDA margins up to 154 basis points (bps) YoY to 23.9 per cent in Q3FY23
 "High RM prices to dent HUL's Q3 margins, revenues may rise up to 14% YoY")
TMS Ep343: Joshimath, passenger vehicle, FMCG stocks, flight navigation
Is Joshimath paying the price for development? Can passenger vehicle sales keep the momentum in 2023? Will FMCG stocks reverse their underperformance? How do planes navigate in dense fog? Answers here
 "TMS Ep343: Joshimath, passenger vehicle, FMCG stocks, flight navigation")
Dabur India falls 4% after Q3 update hints high inflation to dent margins
On account of challenging macro-economic environment and muted category growths in the quarter, the management anticipates to report low to mid-single digit revenue growth
 "Dabur India falls 4% after Q3 update hints high inflation to dent margins")
Manufacturing sector companies outperform on the bourses in 2022
But it remains a laggard on the bourses over the past decade
 "Manufacturing sector companies outperform on the bourses in 2022")
Benchmark indices rise nearly 1% on heavy buying in oil, FMCG stocks
From the Sensex pack, Mahindra & Mahindra, Power Grid, Bharti Airtel, Bajaj Finserv, HDFC, Hindustan Unilever, Maruti, ITC, Titan, Nestle, Bajaj Finance and Reliance Industries were the major winners
Brokerages positive on Godrej Consumer on growth recovery, lower costs
Extent of margin gains will depend on extent of ad spends and price cuts
 "Brokerages positive on Godrej Consumer on growth recovery, lower costs")
OZiva buyout to improve HUL's health and wellbeing in long-run: Analysts
HUL is currently present at the mass end in supplement and wellness space through Horlicks. OZiva & Wellbeing Nutrition acquisitions will help grow presence in the premium segment
 "OZiva buyout to improve HUL's health and wellbeing in long-run: Analysts")
HUL hits 52-week high as company forays into health & wellbeing category
The company will be buying a majority stake in Zywie Ventures, promoter of brand OZiva, for Rs 264.28 crore and up to 20 per cent stake in Nutritionalab for Rs 70 crore.
 "HUL hits 52-week high as company forays into health & wellbeing category")
New norms likely to hit demand, keep CG Consumer stock under pressure
The new norms will make it mandatory for ceiling fans to have star ratings, as is currently the case with air conditioners and refrigerators
 "New norms likely to hit demand, keep CG Consumer stock under pressure")
November report card: Banking, finance stocks dominate FPI flows
A moderation in new non-performing loans (NPL), improvement in margins, and loan growth are attributed as the reasons for the bullishness in banking stocks
 "November report card: Banking, finance stocks dominate FPI flows")
FMCG index hits record high in range-bound market; Dabur, HUL up 2%
RBI governor Shaktikanta Das said that rural demand is recovering as reflected in the pace of tractor and retail two-wheeler sales, with rising farm activity
 "FMCG index hits record high in range-bound market; Dabur, HUL up 2%")
FMCG index surges nearly 2%; ITC, Dabur, Marico, HUL, GCPL rally up to 6%
Normal monsoons, good harvest & increase in MSP will drive demand in rural markets in the near/medium term, according to analysts.
 "FMCG index surges nearly 2%; ITC, Dabur, Marico, HUL, GCPL rally up to 6%")
Nykaa dips 3% a day after CFO Arvind Agarwal quits; stock nears record low
On Tuesday, private equity firm Lighthouse India sold 18.44 million equity shares worth of Rs 336 crore of FSN E-Commerce Ventures through a block deal.
 "Nykaa dips 3% a day after CFO Arvind Agarwal quits; stock nears record low")
Time to raise high-beta bets as markets eye new highs, say Analysts
Amid moderation in inflation, markets seem to have moved past fears of interest rate hikes and investors are now anticipating strong foreign inflows into domestic equities, analysts said
 "Time to raise high-beta bets as markets eye new highs, say Analysts")
Britannia investors see 'Good Day' after strong Q2, stock surges 9%
FMCG major has been gaining market share for 38 consecutive quarters now, stands at 15-yr high
 "Britannia investors see 'Good Day' after strong Q2, stock surges 9%")
Marico slips 7% after profit drops 3% YoY to Rs 307 crore in Q2FY23
The personal products maker said that the decline in profit was mainly due to losses in translation of foreign currency receivables and higher effective tax rate (ETR)
 "Marico slips 7% after profit drops 3% YoY to Rs 307 crore in Q2FY23")
Britannia zooms 10% on robust Q2 revenue growth; enters Rs 1 trn m-cap club
In Q2FY23, Britannia's consolidated sales grew 22 per cent YoY and 19 per cent QoQ at Rs 4,338 crore, aided by a mid-single digit volume growth.
 "Britannia zooms 10% on robust Q2 revenue growth; enters Rs 1 trn m-cap club")
ITC hits new high in a subdued market; zooms 63% thus far in 2022
Post Q2 results, most brokerages have either recommended a 'buy' and an 'accumulate' rating on ITC with target prices in the range of Rs 365 to Rs 405
 "ITC hits new high in a subdued market; zooms 63% thus far in 2022")
Dabur to acquire 51% stake in Badshah Masala; stock rises 4%
The management said that the transaction is expected to be Cash EPS neutral in the first year and accretive thereafter.
Financials, IT, FMCG see highest FPI sell-off in first fortnight of October
Overseas funds dumped Rs 4,081 crore worth of shares of companies in the financial services sector, while IT shares worth Rs 1,665 crore were sold, according to data collated by primeinfobase.com
 "Financials, IT, FMCG see highest FPI sell-off in first fortnight of October")