FMCG, Retail Q1 Preview - Steady Staple, Healthy Rural Growth To Support Performance: Axis Securities
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.
Axis Securities Report
We expect most consumer staple and paint companies under our coverage to report healthy revenue growth of ~25-30% YoY (excluding -ITC Ltd.) on a lower base led by-
modest volume growth and sustained price hike,
consumers’ sustained focus on health and hygiene segment in Q1 FY22 driven by a preference to necessities as well as trusted brands,
rural markets outpacing urban markets on a favorable agri outlook and the government supportive schemes despite Covid 2.0 impacting rural areas more significantly than the first wave.
While retail companies under our coverage are likely to be impacted on a QoQ basis due to extended lockdowns led by the second wave, they are likely to witness growth on a YoY basis on a favorable base.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.