FMCG: Rural recovery insight, margin recovery to sustain
On a four-year CAGR basis, the universe clocked 15% growth in Q1FY24 with QSR/Paints growing ahead of our index (35/15%) in Q1FY24
391 Views
HSIE Results Daily: Britannia Industries, Godrej Consumers, Balkrishna Industries
Britannia took price corrections to defend its market share as competitive intensity rose (particularly from local/regional brands)
241 Views
Britannia Industries Ltd - Long-Term Story Remains Intact
We expect Britannia to deliver market-leading growth from here on as 1) Raw material prices, while still firm, have or will stabilize at the...
226 Views
FMCG & Alco Bev - Slow Pick-Up in Growth, Margin Expansion to Continue
Continuing from previous quarters the demand environment remained stable led by urban markets while rural recovery was below expectation
416 Views
Q1FY24 Consolidated Preview
Considering these factors collectively, the Q1FY24 earnings season is likely to deliver positive surprises on the margins front.
210 Views