Nifty FMCG rose 0.26% over the past one month, lowest among all the Nifty sectoral indices. High retail inflation and erratic monsoon this year are the significant contributors to the woes of the Indian fast moving consumer goods (FMCG) sector. Inflation trajectory and rainfall pattern and distribution influences rural FMCG revenue contribution in India. Rural […]
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Floods in June-July and then the driest August over the past one decade. Monsoon this year has been erratic, patchy, uneven and unpredictable. The El Nino factor took hold of Indian monsoons in August and on the whole, there is nearly 10-12% rainfall deficiency in 2023. With this backdrop, auto retail volume growth over the […]
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PVR Inox reported lackluster June Quarter 2023 results due to weak movie content and lower occupancy. Occupancy fell to 22.4% in Q1FY24 compared to 31.4% in the same period previous. Lower occupancy led to revenues falling 17% YoY in Q1FY24 to Rs 1,324 crore of the combined entity adjusted for the pro forma numbers (combined […]
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Titan, India’s leading consumer lifestyle company reported stable June Quarter 2023 results. Revenue from operations came in at Rs 11,897 crore, a rise of 26% YoY. But what concerned investors was low operating margins reported at 9.5%, a fall of 320 basis points (bps) YoY in Q1FY24. Margins were impacted by volatility of gold prices […]
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Eicher Motors reported robust June Quarter 2023 results. The stock price was up 3% intraday after Q1FY24 results were announced. But even with a 3% jump, Eicher Motors stock price could not recoup its 7% fall suffered since July 3, 2023. Eicher Motors reported consolidated revenue growth of Rs 3,986 crore, highest ever quarterly revenues, […]
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Astral Astral stock price has gained 50% from its 52-week low of Rs 1,297 struck in March 2023. Astral has two main business verticals, plumbing (pipes, fittings, water tanks, faucets and sanitary ware) and paints & adhesives. The company is planning to put three new units of pipes. First unit at Guwahati (capacity of 22,000 […]
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Dabur India, the Indian FMCG ayurvedic major reported strong Q1FY24 earnings. The stock price jumped 3% intraday after the June Quarter 2023 result announcement. While rural volume growth has just turned positive for Hindustan Unilever (HUL) in Q1FY24, Marico is yet to witness green shoots in the rural arena. Overall, FMCG market reported volume growth […]
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