CLSA’s Top Consumption Themes And Stock Picks For 2021
Here are CLSA’s top 10 themes for the consumption sector in 2021...
CLSA listed 10 consumption themes that are expected to play out in the new year, at a time the pandemic shifted the pattern towards branded products, leading to an urge to buy trusted, immunity-boosting and hygiene products.
“A third wave of consolidation, new emerging consumer focus and improving rural penetration can offer a new layer of growth,” Chirag Shah and Nitin Gupta of CLSA, said in a note. “Separately, we see optionality emerging in several companies as they pursue a path towards significant expansion in the addressable market.”
The research firm recommended Dabur India Ltd., Hindustan Unilever Ltd., ITC Ltd. among staples; Asian Paints Ltd., Jubilant Foodworks Ltd., Aditya Birla Fashion & Retail Ltd., Varun Beverages Ltd. and Westlife Development Ltd. within the discretionary space; and Voltas Ltd. in consumer durables.