Earlier this week, Hindustan Unilever approved the sale of its water purification business to AO Smith India for an Enterprise Value (EV) of Rs 601 crore or $72 million.
Analysts reckon Emami shall deliver a strong FY25, with near double-digit top-line growth and margin expansion
Shares of FMCG firm LT Foods surged up to 4.54 per cent at Rs 293.15 per share on the BSE in Friday's intraday trade
Recovery in rural markets should support Dabur's portfolio, as it is heavily skewed toward rural areas, said brokerages.
In Q1FY25, Adani Wilmar recorded a volume growth of 13 per cent year-on-year (Y-o-Y), led by market-specific strategies in each category, and aimed at gaining market share
Increasing trends of premiumisation and volume growth may also expand operating margins by 50-75 basis points, despite higher marketing expenses and competition
Kaya stock update: In the past one month, the market price of Kaya has zoomed 73 per cent and the stock had hit a 52-week high of Rs 515.85 on June 24.
The Nifty FMCG index has been almost flat since and is up just the 0.3 per cent since the start of the 2024 calendar year
Stocks to buy right now: Despite the Sensex hitting the 80,000-mark, there are ample opportunities within the index
The rural markets have outpaced urban demand, registering a 7.6 per cent increase compared to a 5.7 percent rise in urban areas, in the March quarter of FY24
Gopal Snacks stock price surged after the company launched a new product in the wafers category under its brand "Cristos"
Analysts expect some populist measures to address rural stress and lift sentiments at the margin, given the nature of the Lok Sabha polls verdict.
With improved macroeconomic indicators, enhanced government spending and a favorable monsoon forecast, the upcoming year holds promise for a gradual uptick in consumption sentiment, analysts believe.
Bikaji Foods rallied 9% to Rs 592.95 on the BSE in Friday's intra-day, trading close to its record high level of Rs 604.95 touched on January 30, 2024.
The management expects core brands to deliver a healthy all-round growth going forward, aided by recovery in rural areas, a strong summer and forecast of a good monsoon.
With improved macroeconomic indicators, enhanced government spending, a favorable monsoon forecast and moderate retail inflation, the upcoming year holds promise for a gradual uptick in consumption.
Technical indicators such as the RSI, MACD, and Stochastic are showing signs of potential correction and underperformance for the Nifty Pharma index
In its report dated May 3, Institutional Investor Advisory Services advised shareholders to vote against the resolution to hike royalty payment to its parent
About 70.8% of public shareholders voted against the increase, a filing showed
Technical outlook on FMCG stocks: Dabur and ITC look stronger on charts compared to its peers HUL, Marico and Godrej Consumer Products.