FMCG Stocks Outlook For The Week – 26 To 29.12.2017
Stocks of most fast moving consumer goods companies are seen trading mildly positive as festive sales in south India are likely to lift volumes in the sector. The price cuts, taken by companies over the past week due to reduction in goods and services tax rate, are also likely to help. GST rate revision effective Nov 15 led to price cut in categories like detergents, shampoo, cosmetic products, skin care products, chocolates. Quick service Upward trajectory may continue next week restaurants' prices were also down nearly 5% for end consumers despite 5-10% base price hike by companies. The prices of some of raw products such as sugar and palm oil eased a little over the month, which further helped the companies. While prices of palm oil eased nearly 11% over month, those of sugar and menthe oil eased by 6% and 4%, respectively. Prices of most farm inputs were down 11-22% on year which will give some respite to food companies like Britannia Industries Ltd, Nestle India Ltd, and GlaxoSmithKline Consumer Healthcare Ltd. Easing prices of tea and coffee are also likely to benefit Hindustan Unilever and Tata Global Beverages Ltd. Promotional activities for products such as hair oil and other skin care products like skin creams, face wash, deodorants is likely to continue for a while. Companies would also like to launch new products in the short term to catch up on lost sales volumes of the past year.
Source : Cogencis Information Services Ltd.
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Stocks of most fast moving consumer goods companies are seen trading mildly positive as festive sales in south India are likely to lift volumes in the sector. The price cuts, taken by companies over the past week due to reduction in goods and services tax rate, are also likely to help. GST rate revision effective Nov 15 led to price cut in categories like detergents, shampoo, cosmetic products, skin care products, chocolates. Quick service Upward trajectory may continue next week restaurants' prices were also down nearly 5% for end consumers despite 5-10% base price hike by companies. The prices of some of raw products such as sugar and palm oil eased a little over the month, which further helped the companies. While prices of palm oil eased nearly 11% over month, those of sugar and menthe oil eased by 6% and 4%, respectively. Prices of most farm inputs were down 11-22% on year which will give some respite to food companies like Britannia Industries Ltd, Nestle India Ltd, and GlaxoSmithKline Consumer Healthcare Ltd. Easing prices of tea and coffee are also likely to benefit Hindustan Unilever and Tata Global Beverages Ltd. Promotional activities for products such as hair oil and other skin care products like skin creams, face wash, deodorants is likely to continue for a while. Companies would also like to launch new products in the short term to catch up on lost sales volumes of the past year.
Source : Cogencis Information Services Ltd.
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