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Vishal Mega Mart’s (VMM) private label strategy in FMCG (~27% of revenue) has been important for its success story, redefining value for consumers. High presence of large-pack SKUs and reputed manufacturers for its private label brands.
We recently upgraded GCPL to BUY from Reduce, as we see that most headwinds are in the base. GCPL has capability of recovering business, given prudent execution.
This week, the primary market is quiet, with no new IPOs scheduled on either the mainboard or the SME segments. However, two companies are set for listing after four made their debut last week.