FMCG Sector Q4 Earnings Preview - Rural Sustains, Urban Joins The Party: Prabhudas Lilladher
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Prabhudas Lilladher Report
We estimate fast moving consumer goods Q4 FY21 sales and profit before tax to increase by 23.1% and 23.2% respectively on approximately 28 basis points higher Ebitda margins.
Adjusted profit after tax is expected to grow 17%.
We expect broad based volume growth led by improved consumer sentiment, favorable base and return of discretionary spends in urban India.
We like companies that have strengthened their business model through launch of innovative products, expansion of distribution and market share gains and are well placed to capitalize once the pandemic subsides.
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