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.
ICICI Direct Report
Q2 FY22 has seen normalisation of the consumption trend after a recovery from the second wave of pandemic.
We believe fast moving consumer goods companies would continue to witness structural mid to high single digit volume growth.
Most companies have taken 5 -15% price hikes in previous quarters to withstand commodity price inflation.
Our coverage universe is expected to witness 13.7% revenue growth led by equal mix of volumes and pricing growth.
Dabur Ltd., Marico Ltd. would continue to witness strong volume growth led by foray into newer categories, higher traction of immunity products and healthier consumption trend.
Marico sales would also be driven by higher pricing growth.
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