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Shares of fast moving consumer goods companies will take cues from frontline companies in the sector that are scheduled to detail Jul-Sep earnings in the coming week. Tobacco major ITC Ltd, Colgate-Palmolive India Ltd, and India's largest paints company Asian Paints Ltd will detail their Jul-Sep earnings next week.
ITC's Jul-Sep sales are seen rising 14% year on year to 82.32 bln rupees and profit seen up 16% to 21.36 bln rupees. We expect the company's cigarette sales in volume terms to post decline marginally. For ITC, though the growth in FMCG volumes would be healthy (led by new launches), cigarettes volume growth would witness a decline led by the incessant price increases by the company (8-10% price increase in Q2FY14).
He believes that the performance of FMCG companies will improve significantly in the second half of the financial year owing to upcoming elections, a good harvest, and onset of the festive season.
Shares of fast moving consumer goods companies will take cues from frontline companies in the sector that are scheduled to detail Jul-Sep earnings in the coming week. Tobacco major ITC Ltd, Colgate-Palmolive India Ltd, and India's largest paints company Asian Paints Ltd will detail their Jul-Sep earnings next week.
ITC's Jul-Sep sales are seen rising 14% year on year to 82.32 bln rupees and profit seen up 16% to 21.36 bln rupees. We expect the company's cigarette sales in volume terms to post decline marginally. For ITC, though the growth in FMCG volumes would be healthy (led by new launches), cigarettes volume growth would witness a decline led by the incessant price increases by the company (8-10% price increase in Q2FY14).
He believes that the performance of FMCG companies will improve significantly in the second half of the financial year owing to upcoming elections, a good harvest, and onset of the festive season.
