In spite of high input cost and inflation squeezing margins, fast moving consumer goods (FMCG) sector has reported better-than-expected results in the first quarter of this fiscal. In keeping with the steady demand for products in the market, almost all FMCG companies have recorded good topline volume growth, says Sanjay Singh, analyst at Standard Chartered. Speaking to CNBC-TV18 in an exclusive interview, he says that valuations for the sector are likely to correct in the next 12-18 months.
Below is the edited transcript of the interview. Also watch the accompanying video. Q: If you were to do an apple to apple comparison, which set of numbers did you like better from the two heavyweights in the FMCG space?A: Both the twins delivered, and both were very good. I wouldn
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