Sector FMCG - Latest news, views and updates

FMCG

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FMCG

SECTOR | 26 Sep 2022

Hindustan Unilever vs. Nestle India

FMCG

ICICI Securities Limited

We believe Nestle may potentially outperform HUL in long term driven by multiple favourable factors (both extrinsic and intrinsic).

FMCG

SECTOR | 21 Sep 2022

Steep inflation in milk prices: Price hikes to continue

FMCG

ICICI Securities Limited

Dairy companies have raised milk selling prices by 8-10% in the past eight months due to sustained rise in milk procurement prices.

FMCG

SECTOR | 19 Sep 2022

Margin expansion narrative (based on commodity deflation) appears misplaced

FMCG

ICICI Securities Limited

Unprecedented inflation and volatility in input costs across commodity baskets over last 12-18 months have led to gross margin decline for most Consumer Staples companies. However, recent correction in a few commodities and management commentary have likely led to consensus expecting operating margin expansion in 2HFY23. We do not agree.

FMCG

SECTOR | 22 Aug 2022

Beneath The Surface (BTS) #5

FMCG

ICICI Securities Limited

This is NOT a template-based results review report (of aggregate performance, charts et al). This is a portfolio manager summary of the under-appreciated, yet very important takeaways from the 1QFY23 results season.

FMCG

SECTOR | 08 Jul 2022

Result Preview: FMCG Sector

FMCG

ICICI Direct

FMCG

SECTOR | 30 Jun 2022

Doubling Down on Consumer | Tactical BUY

FMCG

Edelweiss

Following a sharp rally post the RussiaUkraine conflict, prices of most commodities, such as crude, copper, aluminum, steel and palm oil, corrected 17%40% from the top.

FMCG

SECTOR | 27 Jun 2022

FMCG Sector Update

FMCG

ICICI Direct

FMCG

SECTOR | 11 Apr 2022

Consumption Conversation #10 – Venu Nair, MD & CEO, Shoppers Stop

FMCG

ICICI Securities Limited

In terms of what is happening in the market, the retail industry has gone through dramatic changes more than you see in a lifetime. Covid-19 has permanently changed consumer behavior. But with increasing vaccination rate, people are coming out and doing what they couldn’t do for two years.

FMCG

SECTOR | 08 Apr 2022

Consumer

FMCG

Prabhudas Lilladhar

High Inflation will impact margins despite price hike EBITDA margin (11.7%) to remain flattish YoY with 30bps improvement on QoQ basis. We expect flattish to negative volume growth for most staple companies while QSR's will report double digit SSG on a low base....

FMCG

SECTOR | 06 Jan 2022

Oct-Dec'21 Earnings Preview Multiple headwinds provide opportunity

FMCG

Prabhudas Lilladhar

material prices and 3) life time high valuations. We expect QoQ margin given current scenario of high RM inflation, slow demand and 3 rd wave impact, we rate D'Mart, HUL and Britannia as top picks....