Consumer Sector Q4 Earnings Preview - 2021 To End On A Strong Note: Nirmal Bang
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Nirmal Bang Report
Q4 FY21 saw the economy continue to revive with a decline in Covid-19 cases and improvement in mobility.
Further, the sector will see optically strong revenue growth across most companies on account of a low base, which was affected by the onset of the pandemic.
We expect overall sales of our consumer coverage universe to grow by 20.4% YoY in Q4 FY21 on account of robust performance by fast-moving consumer goods and paint companies.
Within FMCG, discretionary and out-of-home categories have seen QoQ pick-up whereas essential categories (biscuits, health and hygiene products etc.) have seen some normalization during Q4 FY21.
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