HDFC Securities: FMCG Sector Q2 Earnings Preview 

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HDFC Securities Report

We believe companies with higher revenue mix from essential commodities and rural will continue to benefit.

E-commerce will continue to gain pace as consumers remain wary about venturing into crowded modern trade stores. Hence, companies with a strong presence and diversified offerings in E-commerce will do well.

However, we expect a recovery in categories like liquor and quick service restaurants to continue to be strong, driven by easing of restrictions and strengthening demand for home delivery.

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