FMCG
Stocks Outlook for the week – 23 to 27.05.2016
(Seen in range; Skymet view on
monsoon eyed)
( www.rupeedesk.in )
Shares of fast-moving consumer goods
companies are expected to trade in a range next week, and Skymet's commentary Tuesday on the
onset of monsoon may have an impact on consumer stocks depending on the statement made by
the private weather forecasting agency.
On Sunday, the India Meteorological
Department had said the onset of the southwest monsoon over Kerala is likely to be delayed by a
week to Jun 7. Colgate Palmolive India Ltd will detail its Jan-Mar earnings on Tuesday. The company is
expected to report a 3.5% on-year rise in net profit to 1.7 bln rupees, while net sales are
expected to rise by 3.9% to 10.6 bln rupees. The toothpaste major's volume growth is expected
to be in the range of 1-6%.
