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We believe that stocks of fast moving consumer goods will remain range-bound in the week ahead as most companies have reported a healthy profit growth on the back of cost controls, even as sales growth remained sluggish. FMCG behemoth Hindustan Unilever Ltd and home-grown FMCG major Marico Ltd that reported numbers this week witnessed a slowdown in sales owing to a sluggish economy and rising inflation. However, both the companies reported good profit numbers on the back of cost controls. The market is still awaiting results from Godrej Consumer and Glaxo, but mostly stocks from the sector will remain range-bound, given the fact that most companies are experiencing a sales slowdown on expected lines.
Godrej Consumer Products Ltd is scheduled to detail its Oct-Dec earnings Saturday. The company is seen posting a 21% rise in consolidated sales for Oct-Dec to 20.42 bln rupees on the back of healthy performance of its hair colour business. Godrej's consolidated net profit for the quarter under review is seen rising 23% to 2.11 bln rupees, on the back of lower marketing spends as the company launched few product variants in the quarter. GlaxoSmithKline Consumer Healthcare Ltd is scheduled to detail its Oct-Dec earnings Wednesday. We are estimated Glaxo Consumer's Oct-Dec profit growing 21% on year to 841 mln rupees while sales are seen rising 18% to 8.36 bln rupees. Bullish on FMCG behemoth Hindustan Unilever. Bullish on Godrej Consumer.
We believe that stocks of fast moving consumer goods will remain range-bound in the week ahead as most companies have reported a healthy profit growth on the back of cost controls, even as sales growth remained sluggish. FMCG behemoth Hindustan Unilever Ltd and home-grown FMCG major Marico Ltd that reported numbers this week witnessed a slowdown in sales owing to a sluggish economy and rising inflation. However, both the companies reported good profit numbers on the back of cost controls. The market is still awaiting results from Godrej Consumer and Glaxo, but mostly stocks from the sector will remain range-bound, given the fact that most companies are experiencing a sales slowdown on expected lines.
Godrej Consumer Products Ltd is scheduled to detail its Oct-Dec earnings Saturday. The company is seen posting a 21% rise in consolidated sales for Oct-Dec to 20.42 bln rupees on the back of healthy performance of its hair colour business. Godrej's consolidated net profit for the quarter under review is seen rising 23% to 2.11 bln rupees, on the back of lower marketing spends as the company launched few product variants in the quarter. GlaxoSmithKline Consumer Healthcare Ltd is scheduled to detail its Oct-Dec earnings Wednesday. We are estimated Glaxo Consumer's Oct-Dec profit growing 21% on year to 841 mln rupees while sales are seen rising 18% to 8.36 bln rupees. Bullish on FMCG behemoth Hindustan Unilever. Bullish on Godrej Consumer.
