Fmcg Stocks
FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ
The FMCG industry has experienced a 6.6% growth in value, attributed to a 6.5% increase in volume at an all-India level
Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall
Selective FMCG stocks may rise up to 11 per cent, even if broader market loses more ground
 "Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall")
Emami soars 7% as board to consider share buyback on March 24
Meanwhile, in the past three months, the stock has shed 16 per cent, as against 4 per cent decline in the S&P BSE Sensex.
 "Emami soars 7% as board to consider share buyback on March 24")
Tata Consumer dips 2% after withdrawing plans to acquire Bisleri
The company said no definitive agreement or binding commitment has been signed on this matter.
 "Tata Consumer dips 2% after withdrawing plans to acquire Bisleri")
ITC up 2%, hits record high; stock gallops over 19% from Budget Day low
The FMCG index too was seen outperforming the BSE benchmark in Thursday trade with a gain of nearly 1 per cent.
 "ITC up 2%, hits record high; stock gallops over 19% from Budget Day low")
Nestle's Q4 revenues may rise up to 17% YoY, agri-inflation to dent margins
Nestle India Q4 preview: In the October-December quarter, shares of Nestle rose 2.4 per cent, while peers like Hindustan Unilever dropped 5 per cent, and Britannia gained 12 per cent
 "Nestle's Q4 revenues may rise up to 17% YoY, agri-inflation to dent margins")
ITC gains 3% a day ahead of turning ex-dividend; stock nears record high
With a modest 1 per cent increase in duty on cigarettes and improving outlook for FMCG and Hotels, brokerages think ITC is well positioned for a strong FY24.
Patanjali Foods gains 10% from day's low after over 20% fall in 8 sessions
In past one month, the stock was down 20 per cent after the government decided to discontinue import of crude soybean oil under tariff rate quota (TRQ).
 "Patanjali Foods gains 10% from day's low after over 20% fall in 8 sessions")
ITC gains 2% to hit a new high on strong Q3 results; stock up 13% in a week
Given tax increase in the Budget 2023 is insignificant, ITC would continue to witness strong volume growth in cigarette business in future, said analysts
 "ITC gains 2% to hit a new high on strong Q3 results; stock up 13% in a week")
Britannia soars 5% to hit record high on strong Q3 operational performance
The management said that the go-to-market strategy and investments in brands & innovation helped the company register a robust topline growth of 16 per cent YoY
 "Britannia soars 5% to hit record high on strong Q3 operational performance")
ITC jumps 6% to scale new lifetime high ahead of Q3FY23 results
Brokerages believe that the proposed tax hike on cigarette in the Union Budget 2023 is not very high and would be easily passed on through small price increases
 "ITC jumps 6% to scale new lifetime high ahead of Q3FY23 results")
Britannia's Q3 revenues may rise up to 20% YoY on higher volumes: Analysts
Britannia outperformed peers as shares surged 12 per cent in Q3FY23, whereas peers like Hindustan Unilever (HUL), Dabur India, ITC, and Tata Consumer declined up to 5 per cent, during the same period
 "Britannia's Q3 revenues may rise up to 20% YoY on higher volumes: Analysts")
ITC gains nearly 3%, hits over two-month high in weak market
Brokerages expect strong growth for ITC's FMCG business led by price hikes, strong traction in discretionary categories (due to high mobility) & strong growth in education & stationary business.
 "ITC gains nearly 3%, hits over two-month high in weak market")
Too early to bet on rural recovery; stay selective on FMCG stocks: Analysts
In their quarterly update, Godrej Consumer Products, Dabur, and Marico witnessed sluggish growth in the December quarter (Q3) driven by poor rural consumption and a slowdown after the festival season
 "Too early to bet on rural recovery; stay selective on FMCG stocks: Analysts")
High RM prices to dent HUL's Q3 margins, revenues may rise up to 14% YoY
Higher advertising spends coupled with inflationary pressures, analysts said, are likely to squeeze EBITDA margins up to 154 basis points (bps) YoY to 23.9 per cent in Q3FY23
 "High RM prices to dent HUL's Q3 margins, revenues may rise up to 14% YoY")
TMS Ep343: Joshimath, passenger vehicle, FMCG stocks, flight navigation
Is Joshimath paying the price for development? Can passenger vehicle sales keep the momentum in 2023? Will FMCG stocks reverse their underperformance? How do planes navigate in dense fog? Answers here
 "TMS Ep343: Joshimath, passenger vehicle, FMCG stocks, flight navigation")
Dabur India falls 4% after Q3 update hints high inflation to dent margins
On account of challenging macro-economic environment and muted category growths in the quarter, the management anticipates to report low to mid-single digit revenue growth
 "Dabur India falls 4% after Q3 update hints high inflation to dent margins")
Manufacturing sector companies outperform on the bourses in 2022
But it remains a laggard on the bourses over the past decade
 "Manufacturing sector companies outperform on the bourses in 2022")
Benchmark indices rise nearly 1% on heavy buying in oil, FMCG stocks
From the Sensex pack, Mahindra & Mahindra, Power Grid, Bharti Airtel, Bajaj Finserv, HDFC, Hindustan Unilever, Maruti, ITC, Titan, Nestle, Bajaj Finance and Reliance Industries were the major winners
 "Benchmark indices rise nearly 1% on heavy buying in oil, FMCG stocks")
Brokerages positive on Godrej Consumer on growth recovery, lower costs
Extent of margin gains will depend on extent of ad spends and price cuts
 "Brokerages positive on Godrej Consumer on growth recovery, lower costs")
