FMCG Stocks Outlook For The Week - 21 To 25.01.2019
Stocks of fast-moving consumer goods companies are likely to take cues from ITC Ltd's earnings for the December quarter, scheduled to be announced next week, after Hindustan Unilever Ltd's Oct-Dec
earnings disappointed investors. HUL reported a seventh consecutive quarter of double-digit growth in sales volume in Oct-Dec, surpassing analysts' estimate. The soap-to-shampoo maker recorded 10% on year growth in volumes, which helped the company register an 11% rise in revenue from operations at 95.58 bln rupees. Despite posting above-estimate profits and sales, investors shunned HUL's shares. We will now monitor the earnings of ITC, due on Wednesday. While the company's net sales are seen rising 10% on year to 97.7 bln rupees, its net profit may fall marginally to 30.88 bln rupees from 30.9 bln rupees in the year-ago period. Weak demand in the festival season is seen weighing on the earnings of companies in the sector.
Source : Cogencis Information Services Ltd.
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Stocks of fast-moving consumer goods companies are likely to take cues from ITC Ltd's earnings for the December quarter, scheduled to be announced next week, after Hindustan Unilever Ltd's Oct-Dec
earnings disappointed investors. HUL reported a seventh consecutive quarter of double-digit growth in sales volume in Oct-Dec, surpassing analysts' estimate. The soap-to-shampoo maker recorded 10% on year growth in volumes, which helped the company register an 11% rise in revenue from operations at 95.58 bln rupees. Despite posting above-estimate profits and sales, investors shunned HUL's shares. We will now monitor the earnings of ITC, due on Wednesday. While the company's net sales are seen rising 10% on year to 97.7 bln rupees, its net profit may fall marginally to 30.88 bln rupees from 30.9 bln rupees in the year-ago period. Weak demand in the festival season is seen weighing on the earnings of companies in the sector.
Source : Cogencis Information Services Ltd.
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