It is a popular belief that the passage of 7 th Pay Panel will boost consumption and in turn benefit the FMCG sector. However, Harit Kapoor, FMCG Analyst, IDFC believes that the timeline of implementation is important. The positive impact of this is only likely to flow through in H2FY17 or H1FY18.
Kaustubh Pawaskar, FMCG Analyst, Sharekhan feels it takes around 2-3 quarters for sales volumes to improve post the price increase but now this is the second consecutive year wherin cigarette prices have moved up significantly.
Chitrangda Kapur, FMCG Analyst at Angel Broking, in an interview with CNBC-TV18's Sonia Shenoy and Anuj Singhal, analysed the FMCG major HUL and gave her perspective on how HUL would pan out going forward and the top pick in FMCG sector.
Chitrangda Kapur, FMCG Analyst, Angel Broking is neutral on HUL with a fair value of about Rs 306.
Reacting on the numbers, Himani Singh, FMCG Analyst at Elara Capital, in an interview with CNBC-TV18's Gautam Broker and Reema Tendulkar, said that company’s domestic consumer business has grown by 13.8% and the most positive trigger for the company is that its volume has been growing continuously.