Consumer Sector Q3 Earnings Preview: Improving Momentum Is Expected To Continue - Nirmal Bang 
Shelves of crackers, cookies, and candy stand inside a Super Markets (Photographer Luke Sharrett/Bloomberg)

Consumer Sector Q3 Earnings Preview: Improving Momentum Is Expected To Continue - Nirmal Bang 

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.

Nirmal Bang Report

In Q3 FY21, consumer staples will continue to show an improving trend on the growth front.

Non-essential FMCG categories, which were adversely impacted, are recovering sequentially while some categories (biscuits, hygiene products etc.), which benefitted strongly during H1 FY21 have seen their growth taper down.

Within the consumer discretionary space, it seems that the demand recovery seen by domestic decorative business of the paint companies in Q2 FY21 has sustained post the festive season and will continue to be driven by upcountry market with support from recovering urban markets.

Click on the attachment to read the full report:

Nirmal Bang Consumer Sector - Q3FY21 Result Preview - 8 January 2021[282].pdf

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