ICICI Securities, in a recent note, maintained its one-year target for the Nifty at 13,400, which translates into an upside of 20 percent from current levels.
Dabur International Ltd, a wholly-owned subsidiary of Dabur India, has acquired the management control of FZE, the company said in a regulatory filing.
Dabur’s market cap has multiplied nearly 9 times while the Nifty has moved approximately 2.7x since January 2007. That says it.
Despite the recent selloff in Indian markets, Morgan Stanley maintains its base case scenario of 45,000 on the Sensex by June 2020, and a bull case of 50,000.
Decline in rural consumption growth steeper than urban
The narrative of a FMCG slowdown may be true at the industry level but individual results show that some companies are not taking a slowdown for granted.
Softer raw material cost is a tailwind, but product diversification strategy is yet to play out
Companies which are deploying internal accruals such as cost savings or utilising super normal profit from other product groups are clear favourites
The union budget had both its hits and misses. The government has rolled out the roadmap for the next five years in order to promote growth, increase investment in key sectors like power and infrastructure.
As per the study, the retail sector alone would have a 2 percent increased employment outlook and create 1.66 lakh new jobs; while FMCG/D may see a 1 percent increase and add 1.10 lakh new jobs
The global investment bank expects a growth in sales for consumer companies from 4QFY20E partly driven by softer comps
Dabur India has a diversified product portfolio, strong distribution network, and traction in Ayurveda-based products
The stock has corrected by 24 percent from its 52-week high and trades at 41 times FY20 estimated earnings
Headlines point to a broad slowdown in the FMCG sector but the numbers and management commentary don’t completely support it. What should investors do?
Market research firm Nielsen has lowered its growth projection for India's FMCG market to 11-12 percent in 2019, down from 13.8 percent in 2018