BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Report
Our fast moving consumer goods coverage universe is expected to deliver growth of 9/9% YoY in revenue/Ebitda in Q3 FY22 (versus 8/3% in Q3 FY21 and 12/9% in Q2 FY22). Urban discretionary demand continued to see momentum as mobility improved. Thereby, liquor and quick service restaurant companies should report healthy numbers.
However, rural demand continued to decelerate, owing to inflationary pressure and heavy base. We expect sharp volume deceleration in Q3 (demand pressure, grammage reduction).
Price hikes (quite aggressive versus past few years) were taken across categories and should contribute heavily to revenue growth. International businesses recovered as well with less impact of lockdown.
Most companies are in the process of refreshing their strategies for international businesses.
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