FMCG
Stocks Outlook for the week – 09 to 13.05.2016
Range bound with negative bias; HUL
earnings eyed
( www.rupeedesk.in )
Stocks of fast-moving consumer goods
companies are expected to trade in a range in the coming
week, and Hindustan Unilever Ltd's
earnings for Jan-Mar will be eyed. The Mumbai-based consumer
goods major will announce its Jan-Mar
earnings on Monday. While Hindustan Unilever's net profit for
Jan-Mar is seen falling 1% on year to
10.1 bln rupees, its net sales are likely to rise 5.6% on year to
79.8 bln rupees on the back of 3-7%
volume growth. Asian Paints Ltd will detail its earnings on Wednesday. Its net
profit is seen rising 28.3% on year to 4.4 bln rupees, while net sales are expected
to rise 10.4% to 38.5 bln rupees. Last week, Godrej Consumer Products Ltd
posted a
16.8% on-year rise in consolidated
net profit for Jan-Mar at 3.1 bln rupees, while its consolidated net sales, in
value terms, grew 8.8% to 22.7 bln rupees. Technical analysts see shares of
index majors Hindustan Unilever and ITC Ltd trading in a range.