Growth in volumes in the recent past was affected due to a significant surge in product prices
Volumes to remain under pressure due to grammage reductions
Stocks to watch today: Tata Consultancy Services (TCS) will kick off India Inc's July to September (Q2FY23) earnings on Monday, October 10; HUL, GCPL slashed prices of soap products by up to 15%
The company expects their EBITDA to decline in mid-teens in the September quarter of FY23, due to consumption of high-cost inventory, high marketing spends and weak Indonesia performance
Food companies are still in wait and watch mode
Tata Steel, Godrej Consumer Products among those ushering in change
For the next 12-18 months, the focus will be more on the core because there's a lot that can happen there
KEC International and Shriram Transport Finance can soar up to 22 per cent, while Macrotech Developers, Gujarat Fluorochemicals and Godrej Consumer can rally up to 15 per cent, show charts.
The country's FMCG industry continued to be "hit hard by inflation levels" leading to successive price hikes as well as impacting volumes during the three months ended June, according to Godrej
The firm, however, expects a mid-single-digit volume drop on a high base in the quarter
The technical analyst from HDFC Securities expects the bias for the Nifty to remain positive as long as the NSE index holds above 15,704.
Homegrown FMCG major Godrej Consumer Products Ltd (GCPL) on Thursday reported a marginal decline in consolidated profit after tax at Rs 363.24 crore for the fourth quarter ended March. The company had posted a consolidated profit after tax of Rs 365.84 crore in the year-ago period, GCPL said in a regulatory filing. Consolidated total revenue from operations during the quarter under review stood at Rs 2,915.82 crore as against Rs 2,730.74 crore in the corresponding period a year ago. Total expenses in the fourth quarter were higher at Rs 2,535.06 crore as compared to Rs 2,259.12 crore in the same period a year ago. For the full fiscal year ended March 31, 2022, the company posted a consolidated profit after tax of Rs 1,783.39 crore as compared to Rs 1,720.82 crore in the previous fiscal, it added. Consolidated total revenue from operations in FY22 stood at Rs 12,276.5 crore as against Rs 11,028.62 crore in FY21, GCPL said. GCPL Managing Director and CEO Sudhir Sitapati said, "We .
Volumes to remain under pressure as rural demand continues to be weak
Instead of a recovery in gross margins in fiscal 2022-23 (FY23), Jefferies now builds-in 50-200 basis point (bps) YoY decline, assuming crude stays closer to $100 a barrel and palm oil at $1,500/MT
Turnaround hopes and attractive valuations, however, keep the Street positive on the stock
Weak show in India business dents Q3, margin pressures may remain
BBLUNT's strength lies in its extensive experience of styling Bollywood celebrities and transferring the salon experience into consumer products
The maker of Good Knight household insecticides witnessed unprecedented cost inflation in the quarter
The Godrej group's FMCG arm expects to deliver close to 'high single-digit' sales growth in the domestic market, largely driven by pricing
There could be pressure in the near term due to sharp rise in commodity costs