Month: June 2023
Retail Inflation near RBI’s comfort zone in May 2023, EL Nino Risk Remains
In a hot and dry June weather in India, respite came in the form of 25-month low retail inflation in May 2023 the RBI. Consumer price index (CPI) or retail inflation in India slowed down to 4.25%, closer to the Reserve Bank of India’s (RBI) comfort level. The Indian central bank is required to maintain […]
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FMCG sector waiting for rural India recovery
Hindustan Unilever, Marico, Godrej Consumer Products, Britannia and Nestle are near their 52-week highs. Nifty FMCG is up 35% YoY. The fast moving consumer goods (FMCG) sector is on a roll after strong and stable March Quarter 2023 results. Declining retail inflation in April 2023 improved sentiment among investors. With stable commodity prices, cooling inflation […]
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Marico Reports Muted June Quarter 2023
Marico, leading consumer products company in India, reported mixed June Quarter 2023 results. The manufacturer of Parachute and Saffola Oil has a diverse portfolio constituting Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Pure Sense, Coco Soul, Revive, Set Wet, Livon, Just Herbs, True Elements and Beardo. The company reported volume growth of 3% YoY […]
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Lux Industries – Q4FY23
Lux industries reported 22% YoY revenue growth and a 58% YoY fall in net profit in March Quarter 2023. The stock price is up 4% since the Q4FY23 results were released on May 30, 2023. The positive stock price reaction is due to strong double-digit revenue growth, highest among the top quartile of the innerwear […]
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