Sanjay Manyal of ICICI Direct is upbeat on ITC going forward and expects FMCG business to do well.
The new range named 'Real VOLO' will be available in two variants - Cranberry Blueberry and Grape-Blackcurrant in 250 ml cans priced at Rs 40, said Dabur India in a statement.
Analysts polled by CNBC-TV18 feel EBITDA may rise 8.2 percent at Rs 3663.4 crore in Q1 compared to Rs 3385.9 crore while margins may slip 50 basis points (bps) at 38.9 percent versus 39.4 percent year-on-year.
In an interview to CNBC-TV18, Taher Badshah of Motilal Oswal AMC, spoke about his reading and outlook on market as well as on various stocks and sectors.
In an interview with CNBC-TV18, Varun Lohchab gave his analysis of HUL‘s first quarter earnings and shared his outlook on the FMCG industry in general.
HUL management has reaffirmed its guidance of continued improvement in operating margins despite the recent increase in commodity costs.
HUL, which had formed the 50:50 JV with US-based Kimberly -Clark Cooperation (KCC) in 1995, said the decision to divest its stake in the partnership is part of the company's objective to focus on its core business.
The new manufacturing unit will be in the vicinity of the existing factory premises in Doom Dooma. It is expected to be commissioned in early 2017.
Britannia said these new categories that help in health management and ready to eat solutions are seeing wider and deeper consumer traction than ever before.
Abneesh Roy of Edelweiss Securities expects HUL's EBIDTA margins to expand about 50-60 basis points.
Dabur India has signed a pact with DRDO's unit Defense Institute of High Altitude Research (DIHAR), Leh, under which both organisations will educate farmers and help enhance livelihood opportunities in the cold desert area.
In an interview to CNBC-TV18, Pankaj Sharma of Equirus Securities shares his views on FMCG space and expects better volumes with Britannia Industries as a good choice.
Snapdeal has also simplified policies for its self-serve platform which helps sellers resolve their queries easily.
Equity benchmarks gained strength in afternoon trade as European markets extended early rally with the FTSE's Britain, Germany's DAX and France's CAC rising 1-1.6 percent.
The company is also looking at expanding offering in the competitive instant noodles category. ITC consolidated its presence in instant noodles category with brand Yippee, post the Maggi controversy last year.
The cigarette-to-hotel-FMCG major has announced issue of bonus shares in the proportion of one bonus share for every two shares held.
India may soon get into the level of outperformance and the sectors that will lead the charts are consumer, FMCG and auto, says Atul Suri of Rare Enterprises, in an interview to CNBC-TV18.
Speaking to CNBC-TV18 Vinod Aggarwal of Eicher Motors said tippers are doing brisk business for the company. He added that as domestic consumption increases, thanks to the Seventh Pay Commission hikes, it will help the commercial vehicle (CV) sector.
Vibhav Kapoor of IL&FS said the Brexit was a vote against immigration. Next up, the US elections will be the key event to watch out for, he said.
FMCG major ITC will invest Rs 4,000 crore over the next 2-3 years to set up 8-9 factories across the country for manufacturing of food products.
The market breadth remained positive as about 1242 shares advanced against 484 declining shares on Bombay Stock Exchange.
The BSE Midcap and Smallcap indices gained 0.4 and 1 percent, respectively. The market breadth was also positive as about three shares advanced for every share declining on Bombay Stock Exchange.
As per Credit Suisse estimates ITC's volume decline was 7 percent in FY16 which implies average price growth of 14 percent (year-on-year) in the fiscal.
The company, which currently sells two proprietary products in the category, said it is waiting for regulatory clarity on foods for special medical purposes before it launches more such items in India.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com shared his reading and outlook on the market as well as on specific stocks and sectors.