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Anand Rathi Report
Most fast moving consumer goods companies are up at least 10% post the election verdict, owing to their defensive nature and optimism around better prospects. A host of tailwinds – monsoon-led rural revival, post-election focus on social welfare and crude price-led margin buoyancy – augur well for the sector.
For the companies that we cover, we estimate 13% earnings compound annual growth rate over FY24-26, aided by gross-margin gains and demand recovery.
While valuations increased, we see upside potential for our preferred picks - Hindustan Unilever Ltd. (target price of Rs 3,000), Emami Ltd. (target price of Rs 730) and Zydus Wellness Ltd. (target price of Rs 2,150). United Breweries Ltd. (target price of Rs 2,300) is our pick in consumer discretionary
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