FMCG Sector Check - Vegetable, Wheat, Sugar Prices Remain Elevated; Barley Price Cooling Down: Nirmal Bang

We continue to remain structurally positive on Tata Consumer Products, ITC, Westlife Foodworld and P&G.

Pulses, rice, sugar samples kept in shop in an APMC market in Vashi. (Photo: Vijay Sartape/BQ Prime)

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

Key Points

  1. Vegetable prices increased significantly during the quarter, with prices of onion, potato and tomato rising by 54.4%, 20.2% and 371.7%, respectively on a sequential basis.

  2. Emami Ltd. is likely to be a key beneficiary of declining Mentha costs and lower Barley prices are likely to be beneficial for United Breweries Ltd.

  3. Our top picks: On one-year forward basis, we continue to remain bullish on Gillette India Ltd. and Britannia Industries Ltd. However, near term margins of Britannia Industries maybe under pressure. We also continue to remain structurally positive on Tata Consumer Products Ltd., ITC Ltd, Westlife Foodworld Ltd., and Procter and Gamble Hygiene and Health Care Ltd.

Click on the attachment to read the full report:

Nirmal Bang Consumer Sector.pdf
Read Document

Also Read: HCL Tech To Cyient: Indian IT Services Growth Will Surprise In FY25, Says Morgan Stanley

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story You must be an existing Premium User
Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google