FMCG
Stocks Outlook for the week – 02 to 06.05.2016
Mixed trend likely, Godrej Consumer
result eyed
( www.rupeedesk.in )
Stocks specific movement is expected
in the fast-moving consumer goods space next week and
market participants will eye Godrej
Consumer Products Ltd's Jan-Mar results. Stocks of index majors
Hindustan Unilever Ltd and ITC Ltd
are seen trading in a range as both companies have not yet
announced their results. Godrej
Consumer Products is expected to post an 18.7% rise in its
consolidated net profit at 3.1 bln
rupees, while net sales are seen rising 8.3% at 22.5 bln rupees.
Stocks of Marico Ltd and Dabur India
Ltd are expected to see positive movement on the back of
strong Jan-Mar results posted by both
companies.
In Jan-Mar, Marico's reported a 25.8%
rise in its consolidated net profit at 1.4 bln rupees and its net
sales were up 6.5% at 13.03 bln
rupees. Dabur India beat market estimates, reporting a 16.6% rise
in its consolidated net profit at
3.32 bln rupees in Jan-Mar. Its net sales were up 11% at 21.57 bln
rupees. Dabur India is expected to
trade positive, while shares of Colgate Palmolive India Ltd are
expected to trade with an upward bias.
