What are the Fund Managers’ opinions on the Indian market? 23 global as well as domestic fund managers from Mutual funds and Insurance industry review the current Indian market in the light of domestic and global chaos.
Kolkata-based FMCG firm Emami said it is setting up a new plant in the North-East of the country at an investment of up to Rs 40 crore as part of expansion plans.
FMCG and pharma are defensive sectors, says Devangshu Datta, Consulting Editor, Outlook.
Even as there is a talk of a possible slowdown in consumer spending amid continued high inflation and the stock markets are in turmoil, FMCG companies have been slowly raising product prices, especially in soaps & detergents and personal care products.
Consumer goods major Reckitt Benckiser India launched a new online game and a mobile racing game application as part of its new corporate awareness campaign.
FMCG firm Godrej Consumer Products Ltd (GCPL) said it may look at further increasing prices of its products to offset high raw material cost.
Manoj Menon of Kotak Institutional Equities is cautious on the FMCG sector.
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FMCG company Emami’s first quarter consolidated net profit rose 18% year-on-year to Rs 41.50 crore as a higher other income and lower tax expense offset a surge in cost of raw materials.
Dhananjay Sinha, Economist & Strategist, CBPL is overweight on FMCG, pharma and oil & gas.
The world's biggest food group Nestle raised its full-year outlook after strong demand for its Maggi and Nescafe brands in emerging markets helped it post a forecast-beating 7.5% rise in underlying first-half sales.
In an exclusive interview to CNBC-TV18, Andrew Holland, Chief Financial Officer – Equities of Ambit Capital said that nothing the Fed said yesterday filled him with any confidence.
FMCG company Bajaj Corp's first quarter net profit rose 25% year-on-year to Rs 28.42 crore, boosted by higher other income. The company’s net sales for the April-June quarter were up 30% from a year ago to 106.58 crore.
For Indian FMCG companies, strong domestic growth was just the icing on the cake. The real growth came from international operations, and inorganic growth, CNBC-TV18's Tanvi Shukla and Swati Khandelwal Jain report.
Cigarettes to hotels major ITC remains a favourite with most analysts after its better-than-expected first quarter numbers. This is unlike other FMCG majors like Hindustan Unilever and Colgate, which have drawn mixed responses after their June quarter numbers.
Speaking to CNBC-TV18 in an exclusive interview, Sanjay Singh of Standard Chartered says that FMCG topline has grown well, despite inflation and a slowing economy. However, valuations for the sector are likely to correct in the next 12-18 months, he says.
Alok Sama, Baer Capital is overweight on pharma and FMCG.
The Indian equity market has been extremely volatile over the last 8 months on account of both domestic and global factors. Given this uncertainty, investors and Fund manager have moved towards defensive sectors such as FMCG and Pharma, which tend to be more stable in an otherwise volatile environment.
Cigarettes to hotels major ITC beat analysts’ expectations as first quarter net profit rose 24.3% year-on-year to Rs 1,330 crore, on the back of sales growth across segments.
Hindustan Unilever beat street expectations as first quarter net profit rose 18% year-on-year to Rs 627 crore, boosted by exceptional gains.
FMCG company Marico’s net profit for the first quarter rose 15.3% year-on-year to Rs 85 crore, boosted by strong sales growth and acquisitions it made in the last one year.
Dabur has reported a jump of more than 19% (YoY) in the first quarter FY12 net profit. During the period, consolidated net profit of the company went up Rs 127.7 crore against Rs 107 crore in same quarter the previous year.
Growth rates will take a hit, after the RBI’s steep 50 basis points rate hike yesterday, says Pathik Gandotra, Head Broking of IDFC Securities. In an interview on CNBC-TV18, he said this is not the last stop for the central bank and that more rate hikes may be on the cards.
FMCG will continue to do well, says Anu Jain, Senior Vice President, IIFL Private Wealth Management.
Indian mid-cap consumer goods firms are seen taking a hit on their profitability in the first quarter of FY12, as stiff competition and higher costs strain margins, even as steady volumes and price increases drive revenues.