At the bourses, Pidilite, Asian Paints, Berger Paints, Nestle and Marico have gained up to 24 per cent on a year-to-date (YTD) basis. In comparison, the Nifty50 has added nearly 1.5 per cent.
For the quarter ended June 30, 2019, Britannia Industries reported a 5.9 per cent year-on-year (YoY) growth in consolidated net sales at Rs 2,677.3 crore, while its net profit fell by 3.7 per cent YoY
Call for rural stimulus package and better transmission of RBI's interest rate cuts
Since the presentation of the Budget on July 5, the Nifty Consumption index has slipped 5.7 per cent (till July 23) as compared to a 5 per cent fall in the Nifty50.
The RBI survey painted a rather pessimistic picture for the future
GDP growth may get hurt too as a weaker currency and higher interest rates drag down consumption to bridge balance of payments deficit
Goldman Sachs report identifies eight consumer segments or cohorts based on income and percentage of population