FMCG Stocks Outlook for the week – 25 to 29.04.2016
(Seen trading in range; Dabur earnings eyed)
( www.rupeedesk.in )
Shares
of fast-moving consumer goods companies are seen trading in a range next
week,
as there are no potential triggers to provide direction to stocks. Dabur India
Ltd
will
announce its Jan-Mar results on Apr 28 and we expect the company's net profit
to
rise
10.83% on year to 3.15 bln rupees, due to strong sales growth in overseas
markets,
coupled
with robust performance in the domestic oral-care and hair-care segments.
For
Jan-Mar, the company's domestic sales volume growth will be around 5%. We
expect
the movement in consumer stocks will be seen after Hindustan Unilever Ltd and
ITC
Ltd announce their earnings. We also expect Godrej Consumer Products Ltd shares
to
trade in a range with a bearish bias.