FMCG Sector Q4 Earnings Preview - Growth Momentum Continues: ICICI Direct 
A store attendant sits in front of bottles of Hindustan Unilever Ltd. Dove shampoo and Fair & Lovely beauty products displayed at a store in Mumbai. (Photographer: Kuni Takahashi/Bloomberg)

FMCG Sector Q4 Earnings Preview - Growth Momentum Continues: ICICI Direct 


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.

ICICI Direct Report

The fast moving consumer goods sector has seen strong growth momentum in Q2 FY21 and Q3 FY21 on the back of a consumption shift in key categories from the unorganised to the organised sector.

Further, new product launches and e-commerce channel sales have also seen significant uptick.

We believe the growth momentum has continued in Q4 FY21E as well.

Further, low base due to lockdown in March 2020 has further propelled the growth numbers.

Our coverage universe is expected to witness 20.2% revenue growth on account of sales decline of 7-15% in base quarter.

Click on the attachment to read the full report:

ICICI Direct FMCG Q4FY21 Results Preview.pdf


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