Consumer Sector Q3 Preview: Challenges Persists; 'Buy' HUL, Marico, Reduce ITC, Add Dabur: HDFC Securities

Radico Khaitan and United Spirits remains HDFC Securities' top pick in consumer discretionary segment.

Buy' HUL, Marico, Reduce ITC, Add Dabur says the brokerage.. (Source: Vijay Sartape/NDTV Profit)

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HDFC Securities Institutional Equities

We expect our consumer coverage to report a high-single-digit revenue growth of 9% YoY, mainly driven by price hikes. At an aggregate level, we anticipate revenue and Ebitda growth of 9% and 1%, respectively, in Q3 FY25. However, profitability is expected to decline by 6% due to negative operating leverage and gross margin pressures (excluding the liquor segment).

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HDFC Securities Institutional Equities Consumer -Q3 FY25 Results Preview.pdf
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Also Read: Banks Q3 Preview - Unsecured AQ Remains Under Watch; ICICI, HDFC Bank, SBI Among Motilal Oswal's Top Picks

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