FMCG Sector Weekly Report – 06.11.2017 To 10.11.2017
FMCG Sector Weekly Report – 06.11.2017 To 10.11.2017
Stocks of most fast moving consumer goods companies are likely to see some correction in the
near term following disappointed earnings of most companies for the September quarter. Most
companies struggled with a weak demand environment, as was evident from their low sales volumes. Companies such as Mario Ltd and Godrej Consumer Products Ltd reported sluggish sales during
the quarter. Going ahead, mounting competition in Marico's coconut and non-coconut oil range and volatility in copra prices may dampen its margin profile. The company also has limited options for price hikes due to high competition. The shift from coconut to non-coconut oil has slowed down due to sluggish sentiment.
Godrej Consumer Products would, however, report high volume growth in the coming
quarters as its soaps and domestic home insecticides business picks up. New product launches lined
up for Oct-Dec are also likely to help the company pick up sales momentum. Among bellwether
stocks, while ITC Ltd is seen trading weak. Dabur India could be the only positive stock in the near
term, as the company's results have surprised the market. Looking ahead, we believe that lower
base effect, good monsoon, steady input costs and new product pipeline should aid growth for Dabur
in coming quarters.
Source : Cogencis Information Services Ltd.
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FMCG Sector Weekly Report – 06.11.2017 To 10.11.2017
Stocks of most fast moving consumer goods companies are likely to see some correction in the
near term following disappointed earnings of most companies for the September quarter. Most
companies struggled with a weak demand environment, as was evident from their low sales volumes. Companies such as Mario Ltd and Godrej Consumer Products Ltd reported sluggish sales during
the quarter. Going ahead, mounting competition in Marico's coconut and non-coconut oil range and volatility in copra prices may dampen its margin profile. The company also has limited options for price hikes due to high competition. The shift from coconut to non-coconut oil has slowed down due to sluggish sentiment.
Godrej Consumer Products would, however, report high volume growth in the coming
quarters as its soaps and domestic home insecticides business picks up. New product launches lined
up for Oct-Dec are also likely to help the company pick up sales momentum. Among bellwether
stocks, while ITC Ltd is seen trading weak. Dabur India could be the only positive stock in the near
term, as the company's results have surprised the market. Looking ahead, we believe that lower
base effect, good monsoon, steady input costs and new product pipeline should aid growth for Dabur
in coming quarters.
Source : Cogencis Information Services Ltd.
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