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HDFC Securities: Consumer Conference 2020 - Key Takeaways

HDFC Securities: Consumer Conference 2020 - Key Takeaways

Shelves of crackers, cookies, and candy stand inside a Super Markets (Photographer Luke Sharrett/Bloomberg)
Shelves of crackers, cookies, and candy stand inside a Super Markets (Photographer Luke Sharrett/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Report

We hosted a Consumer Conference-2020 and invited senior management of various fast-moving consumer goods and appliance companies.

Most companies have witnessed a sequential recovery in July, August and September and are confident on sustaining healthy growth in the coming months, provided there are no further lockdowns.

Category leaders are gaining market share by capitalising the situation.

A quick resumption of production, smoother supply chain, rapid new launches, and trade-friendly strategies have supported the big players.

FMCG companies have continued to enjoy traction on packaged foods, health and hygiene.

At the same time, appliance companies are seeing traction across business to consumer products and gradual improvement in business to business.

Our thesis seems to play out for most companies, and it gives us confidence in our earnings estimates.

Click on the attachment to read the full report:

HDFC Securities Consumer Conference - Sep20 - Key takeaways .pdf

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