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Stocks of fast-moving consumer goods companies are expected to perform well in the week ahead after most of the companies reported robust Jan-Mar earnings led by demand growth and margin improvement. Fundamental analysts are bullish on FMCG companies, as they have been able to report a strong growth in profits despite a slowdown in the economy. Despite a slowdown in the economy, most FMCG companies have done well, with the expectation of a good monsoon and cooling inflation, customers will upgrade to new and better products, this augurs well for FMCG players. Analysts are awaiting ITC, India's largest tobacco company, to detail its Jan-Mar results on May 17. Estimated ITC to post a 16% on-year rise in Jan-Mar net profit at 18.77 bln rupees and a 17% growth in topline at 79.96 bln rupees for the quarter. HUL is showing bullish trend on the charts and the momentum indicators are giving a positive signal.
