FMCG Stocks Outlook for the week – 20 to 24.02.2017
FMCG Stocks Outlook for the week – 20 to 24.02.2017
( www.rupeedesk.in )
Stocks of fast moving consumer goods companies are seen consolidating at their current levels, helped by price hikes taken by companies. While ITC Ltd increased prices of its 69-mm variant of Gold Flake cigarettes by 12.65%, the price of the 74-mm Wills Navy Cut has been hiked nearly 14%. Premium cigarette varieties such as Classic and its variants--Regular, Milds, and Ultra Milds- -have been raised by up to 13%. Another cigarettes maker Godfrey Phillips India Ltd is also likely to hike prices of its 69-mm and 64-mm Red & White cigarette brand, by 11-17%. Going forward, innovations and new product categories are likely to bolster growth in coming months. Healthcare and skincare verticals of FMCG companies will be keenly watched, it said. We like the snacking space and, more importantly are comfortable with the way management is steering the ship. Relatively, we would prefer Britannia to other domestic FMCG companies. Britannia Industries Ltd can rise to 3,290-rupee levels in coming days. Companies would also like to focus on international growth at least until the impact of demonetisation eases out completely.
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FMCG Stocks Outlook for the week – 20 to 24.02.2017
( www.rupeedesk.in )
Stocks of fast moving consumer goods companies are seen consolidating at their current levels, helped by price hikes taken by companies. While ITC Ltd increased prices of its 69-mm variant of Gold Flake cigarettes by 12.65%, the price of the 74-mm Wills Navy Cut has been hiked nearly 14%. Premium cigarette varieties such as Classic and its variants--Regular, Milds, and Ultra Milds- -have been raised by up to 13%. Another cigarettes maker Godfrey Phillips India Ltd is also likely to hike prices of its 69-mm and 64-mm Red & White cigarette brand, by 11-17%. Going forward, innovations and new product categories are likely to bolster growth in coming months. Healthcare and skincare verticals of FMCG companies will be keenly watched, it said. We like the snacking space and, more importantly are comfortable with the way management is steering the ship. Relatively, we would prefer Britannia to other domestic FMCG companies. Britannia Industries Ltd can rise to 3,290-rupee levels in coming days. Companies would also like to focus on international growth at least until the impact of demonetisation eases out completely.
