Brokerage firm JPMorgan maintained an overweight rating on Godrej Consumer, Morgan Stanley has an overweight rating on Zomato and an overweight rating on Britannia. Macquarie, meanwhile, maintained a neutral rating on Ramco Cement and Jefferies recommends a hold on Torrent Pharma. We have collated a list of recommendations of top brokerage firms from ETNow and … Read more
Earnings of fast moving consumer goods (FMCG) companies witnessed positive volume growth in Q4FY23 after five consecutive quarters of decline. The recovery was led by their performance in the urban markets. FY23 was a year of divergence for the FMCG pack where prices grew despite the dwindling volumes on the back of high commodity prices. … Read more
“The Nifty FMCG index is at its peak currently. Many stocks including ITC, Varun Beverages, Britannia, and Nestle are gliding higher especially given that they have delivered good numbers in the quarter gone by,” says Kaizad Hozdar – Investment Advisor, TrustPlutus Wealth. In an interview with ETMarkets, Hozdar said: “After a brutal 2022 when margins … Read more
Mumbai: The Nifty FMCG, or Fast Moving Consumer Goods index, hit the 50,000 mark on Friday for the first time ever as smart investors mounted bets on select consumer-oriented companies such as ITC, Nestle and United Spirits as a defensive play in an uncertain environment. The index comprising 15 of India’s top consumer companies jumped … Read more
“Valuations have been on the premium side, but looking at the kind of numbers which keep coming through from Britannia, perhaps well justified,” says Dipan Mehta, Director, Elixir Equities.What happened when it comes to Britannia in terms of the kind of quarterly earnings. If you had to compare it to some of its other peers … Read more
We are in the middle of the fourth quarter earnings season and a slew of companies including Britannia Industries, Marico, Paytm and Federal Bank are slated to report their fourth-quarter earnings on Friday. Here’s a preview of what the numbers might look like for these companies: Britannia IndustriesBritannia Industries is expected to report a 16% … Read more
“KPIT had a different story going for it because of their work on the EV automation side and the kind of order flows they were getting,” says Sandip Sabharwal, asksandipsabharwal.com.Although there may be two holidays this week, it is a pretty critical one. You have that surprise move by OPEC, RBI policy, the cue for … Read more
“How to deal with this new scenario, I am sure even the policy makers are grappling with it and it is never ending because we have never operated in that ecosystem and I am sure all of us fall in the same category,” says Dilip Bhat, Market Expert. I am going to just start with … Read more
As global cues turned negative and concerns over continued monetary tightening weighed, Indian indices ended Friday’s session on a weak note. Nifty ended over 0.5% lower at 17,944, while Sensex also lost 0.52% to close at 61,002.5. Broader markets, meanwhile, underperformed their headline peers, with Nifty Midcap 100 falling 0.8%. Here’s how analysts read the … Read more
“We are in the process of implementing Botree DMS with our distributors and we have also invested in the building sales capability and designed a sales training programme which is under execution,” says Manu Talwar, Mrs Bectors Food. We have seen a revenue growth of around 40% in the biscuit segments. Could you talk to … Read more