Foods business likely to be the engine of growth, backed by expanded portfolio and higher distribution reach
Investors need to keep a watch on the growth in adjacencies business as the next growth driver
Adani Wilmar started with edible oil refining and branding and is now focusing on foods and FMCG space
Marico’s June quarter results were in line with expectations. Management believes gross margins have bottomed out in Q1FY22 and are likely to recover from September 2021 quarter. We are factoring in a revenue growth of 15% for FY22 and 12% for FY23. Based on our projections, Marico is trading at a P/E multiple of 55x/47x FY22E and FY23E respectively as against the last 10-year average valuation of around 36x. Investors with a long-term view can accumulate this stock and add on declines. Here’s why
Hindustan Unilever beat street expectations as first quarter net profit rose 18% year-on-year to Rs 627 crore, boosted by exceptional gains.