Market share gain in core segments, and strategic focus on premium variants will drive profitable growth
At close, the Sensex was down 166.26 points or 0.21 percent at 80,543.99, and the Nifty was down 75.35 points or 0.31 percent at 24,574.20. About 1293 shares advanced, 2584 shares declined, and 153 shares unchanged.
Despite the sequential dip in PAT, the company believes the environment is improving. Berry said the worst of the impact from inflation and pricing adjustments is now over, and the business is entering a more stable period.
Nandini has retained its fourth position, standing alongside leading brands such as Amul (#1), Mother Dairy (#2), Britannia (#3) and Dabur (#5)
MBFSL is accelerating new product launches (with a focus on premiumisation) which would remain the key growth driver
Britannia is strengthening its adjacent categories with new product launches across bakery, biscuits, cheese, and beverages. The non-biscuit portfolio saw strong momentum fuelled by expanded distribution channels.
The company is in continuous discussions with workers to resolve the strike, which began on Monday, the company said in an exchange filing.
The changes will come into effect from March 28.
Weakness in consumer spending may persist, be careful in selecting FMCG stocks, Sharekhan's Gaurav Dua told Moneycontrol recently
Be it gaining market share, controlling costs, venturing into new geographies, or launching premium products, MBFSL scores on all fronts. Its ambition is to become a pan-India player in the long run.
The process is at the stage of due diligence and the deal values Kishlay Foods between Rs 600 and Rs 700 crore
The appointment is subject to board approval at the upcoming Annual General Meeting scheduled on August 12, 2024.
Capacity expansion as well as enhancing distribution reach would lead to sustained market share gains
The FMCG sector valuation is likely to see a re-rating with the emergence of tailwinds that align well with the enhancement in company execution, said Emkay Global.
The company is aiming for a double digit volume growth this year, the management said in a post earnings con call.