The GST will be positive for Colgate and Dabur and will have neutral to negative for cigarette manufacturers
Religare Securities recommends Jubilant FoodWorks, Power Grid Corp and Godrej Consumer Products
Prakash Gaba of prakashgaba.com feels that Nifty has support at 9050 and resistance at 9119-9218 while Bank Nifty has support at 21000 and resistance at 21500.
In the past, the group's FMCG firm Godrej Consumer Products Ltd (GCPL) has acquired many companies and brands mainly in South East Asia, Latin America and Africa.
CNBC-TV18's Farah Bookwala reports that upheavals in regions across the globe that account for a large portion of FMCG revenues could hurt fourth-quarter performance.
GCPL chairman Adi Godrej, in an interview, on CNBC-TV18, expects the acquisition of Soft & Gentleto be accretive in the first year and is optimistic that the UK business will continue to outperform the market.
In an interview to CNBC-TV18, A. Mahendran, MD, Godrej Consumer Products Ltd explained what will be the advantages to Godrej consumers and such soap makers due to export tax cut on palm oil by Malaysia. Although he believes that it won't be much of an impact for this quarter.
Attracted by good financial performance and valuations, foreign investors increased their exposure to large fast-moving consumer goods companies such as ITC and Britannia in the three months to March this year.