Page 9 - Fmcg Stocks

Analysts bet on these consumption pockets ahead of the festive season

Fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months

FMCG index may see pullback rally; Metal index ripe for profit booking

In the short term, the Nifty FMCG index's first target range is expected to be between 52,000 and 52,175

From Hindustan Unilever to Britannia, FMCG stock rally skates on thin ice

Sector could run out of steam, given sharp slowdown in the industry revenue growth

Elevated inflation trends may dig a deeper hole for FMCG stocks: Analysts

Investors have shunned consumer stocks with shares of HUL, ITC, Britannia, Godrej Consumer, Tata Consumer, and Nestle India dropping in the range of 1-11 per cent in a month

TMSEp506: Chess revolution, onion price, FMCG stocks, Cauvery water dispute

What's behind India's chess revolution? Can govt measures wipe onion price tears? Will inflation concerns take a bite out of FMCG stocks? What is the Cauvery water dispute? All answers here

ITC rises 2% in a weak market as brokerages give thumbs up to Q1 results

The company clocked 16.2 per cent year-on-year (YoY) rise in consolidated net profit to Rs 5,104.9 crore in Q1FY24

Unilever's venture capital arm invests in health & wellness startup

FMCG major Unilever's venture capital arm Unilever Ventures has invested Rs 14.40 crore in health and wellness company What's Up Wellness to ramp up the startup's team and product development. "The (seed) funding round was led by its sole new investor, Unilever Ventures...Notably, this marks Unilever Ventures' first investment in a health & wellness company," Gurugram-based What's Up Wellness said in a statement on Wednesday. The funding round also saw participation from a few of What's Up Wellness' existing investors, it said. "Investment in What's Up Wellness is in line with our strategy of supporting and investing in promising indie brands in the health & wellness space. India presents a large opportunity for the wellness segment and What's Up Wellness, with its innovative and modern formats, aims to capture this fast-transforming market," said Pawan Chaturvedi, Partner-Asia at Unilever Ventures. What's Up Wellness said it will utilise the fresh fund towards ramping up its .

Britannia Industries slips 3% as Q1FY24 results misses Street estimates

The biscuit maker's revenue and profit-after-tax (PAT) 8.4/35.6 per cent year-on-year growth in Q1FY24 were below consensus estimates by 2.4/10 per cent, respectively

Bikaji Foods hits 52-week high, jumps 5% as Q1 net soars 164%

The company posted a 164 per cent YoY surge in Q1FY24 net profit at Rs 41.40 crore, backed by a 15 per cent growth in revenue.

Nestle India cracks 3% as Q2 volume growth came below Street estimates

So far this calendar year, Nestle India has gained over 16 per cent, as against a 9 per cent surge in the S&P BSE Sensex

ITC hotel biz demerger allays capital allocation concerns, say analysts

Some investors may have preferred a vertical split (100 per cent direct). This move will not likely have a big implication for ITC's share price, wrote analysts at Jefferies in a note

Jyothy Labs Q1FY24 result: Profits up 101.7% YoY, revenue rises 15%

The company expects that the government's push towards raising rural incomes will result in a growth in rural consumption which the company is likely to benefit from

Jyothy Labs zooms 19% on strong operational performance in June quarter

EBITDA margins for the quarter improved 710 bps to 17.1 per cent against 10 per cent in a year ago quarter, due to moderating input costs.

HUL, Colgate, UBL: Here's how to trade FMCG stocks post ITC de-merger plan

The FMCG index has breached previous reversal support, igniting fear of caution among retail traders. This move emerged after the index reached a new historic peak a few sessions ago.

ITC loses over Rs 50,000 cr m-cap in 2 days on hotel biz de-merger plan

The m-cap of ITC eroded by Rs 54,350 crore to Rs 5.68 trillion in Tuesday's intra-day deal

ITC surpasses HUL to become the most-valued FMCG stock after 4 years

Thus far in calendar year 2023, the share price of ITC has appreciated by 48 per cent, while HUL's stock price has gained 1.3 per cent and the Sensex 8.8 per cent, respectively.

ITC hits new high on heavy volumes; enters Rs 6-trillion market cap club

FPIs increased their stake in ITC to 14.51 per cent at the end of the June quarter, up from 14.21 per cent seen at the end of March quarter

HUL Q1 revenue may rise up to 9% YoY; soft RM costs to aid margin: Analysts

HUL Q1FY24 preview: As per brokerages, earnings before interest, tax, depreciation, and amortisation (Ebitda) margins is likely to expand up to 63 basis points (bps) YoY to 23.4 per cent

ITC trades higher for fifth straight day; surges 3% in subdued market

ITC's market cap touched Rs 5.96 trillion in intra-day trade, less than 1 per cent shy from hitting the milestone of Rs 6 trillion mark.

What's cooking in ITC's kitchen that's made analysts bullish on the stock?

Analysts at Jefferies beleive the stock could top the Rs 600-mark, an upside of over 34 per cent from current levels