Consumer Sector Q4 Earnings Preview - 2021 To End On A Strong Note: Nirmal Bang
Shoppers stand at a checkout of a D-Mart supermarket operated by Avenue Supermarts Ltd. in Thane, Maharashtra, India. (Photographer Dhiraj Singh/Bloomberg)

Consumer Sector Q4 Earnings Preview - 2021 To End On A Strong Note: 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

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.

Click on the attachment to read the full report:

Nirmal Bang Consumer Sector - Q4FY21 Result Preview- 9 April 2021.pdf


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