Sustained rural demand due to better rural economics driven by a strong kharif and rabi seasons, analysts at Sharekhan believe an over 9 per cent sales' volume growth may support overall numbers
The FMCG industry on Monday said a special focus on the agriculture sector in the Union Budget will help increase rural consumption and sustain growth momentum. FMCG manufacturers -- like ITC, Emami, Marico and Jyothy Labs -- said it is encouraging capital infusion in infrastructure, divestment and restructuring of allocations without impacting consumers negatively. The industry also said the Budget will drive consumption and growth momentum needed to revive the economy. According to ITC Chairman & Managing Director Sanjiv Puri, it is a "visionary and growth-oriented budget", which provides further impetus to build India's competitiveness as also foster inclusive growth. The enhanced capital expenditure, particularly on infrastructure, will create livelihoods and provide an accelerated thrust to the V-shaped recovery trajectory. "The heightened spends on agriculture and rural infrastructure development are aligned to the comprehensive policy interventions aimed at creating ...
Analysts at ICICI Securities expect Hindustan Unilever (HUL) to post 15.4 per cent year-on-year (YoY) revenue growth at Rs 11,322.3 crore in the December quarter
ITC stock is struggling to conquer the resistance of Rs 215 to Rs 220 levels. The downside support stays at Rs 200
FMCG firm Hindustan Foods on Tuesday said its subsidiary will invest Rs 125 crore to set up a manufacturing facility in north India
Focus on modern trade and market share gains has led brokerages to hike their target price estimate for the stock
The success of Burger King at the bourses has off-late reinforced belief in the sector, especially quick service restaurants (QSRs), provided the stocks are attractively valued
BSE FMCG Index is up 7.3% since Nov end, against 4.1% rally in Sensex
Among individual stocks, ITC was up 1 per cent at Rs 208, surging 17 per cent in past one month.
Momentum in existing products, market share gains are other triggers
Despite the large economic impact of the Covid-19 pandemic, the markets have recovered sharply even though the performance among individual stocks has been quite polarised
During the quarter ended September 30, FPIs pumped in Rs 7,500 crore (over $1 billion) into banking stocks
Since July 1, shares of Tata Consumer Products have surged an impressive 41 per cent, BSE data shows.
Q4 was weaker than demonetisation and GST times; Q1 could witness even more pain
Firm sees momentum in key segments continuing this year
Revenues fell 12.3% and pre-tax profit dropped 22.5% in March quarter
Over 133 million shares, or 5.7% of the paid-up capital, are being offered for Rs 1,850-1,950 to investors through a special block window
Companies with higher exposure to food and daily essentials, analysts say, are expected to fare better this quarter as compared to those with a skew towards discretionary consumption
The Bizom report has captured insights by analysing data from 30% of the retail space across 400 districts and 2,000 towns and cities; it covers a population of 800 million
The benchmark indices ended marginally lower last week after sharp gains in the preceding two weeks