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We expect most consumer staple and paint companies under our coverage to report price steady revenue growth of ~13% YoY.
We see trends like -
price led growth to be prominent for staples companies while volume growth could be modest,
discretionary categories have reported a strong recovery QoQ,
rural markets resilience could support its outperformance versus urban.
urban areas are likely to show a strong bounce back QoQ on the back of receding viral case load and aggressive vaccinations.
Personal care and refreshments expected to report encouraging YoY performance with changing consumer sentiment and rising on-the-go consumption as people’s mobility improved during Q2.
sharp decline in hygiene and immunity boosting products is likely.
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