Research ReportsMarico, Godrej Consumer, Berger Paints — Systematix Top Stock Picks In Consumer Staples; Q1 Results Preview
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Marico, Godrej Consumer, Berger Paints — Systematix Top Stock Picks In Consumer Staples; Q1 Results Preview
Consumer Staples Q1 Results Preview: HDFC Securities prefers Marico and Godrej Consumer in staples, Berger Paints in paints and Dodla Dairy in small/ midcaps.
Price hikes, grammage cuts taken thus far have continued to lag cumulative input-cost inflation as consumer staple companies drove volumes and consolidated market share.
(Photo: Viki Mohamad/Unsplash)
In the brokerage's coverage universe, it expects superior revenue growth (in double-digits) from Marico, Tata Consumer and Godrej Consumer, while Colgate could witness a decline. For paint companies, it expects better QoQ volumes combined with higher realizations but adverse mix to result in low topline growth. Expects Berger Paints to deliver relatively better growth vs Asian Paints or Kansai Nerolac.