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Fast moving consumer goods companies are expected to report on average around 20% year-on-year sales growth in the Jan-March quarter, helped by some softening of input costs and price hikes.
Tata Global Beverages' Jan-March consolidated net profit declined 36% year-on-year to Rs 54 crore due to exceptional losses in the last quarter, compared with one-time gains a year ago.
Fast moving consumer goods companies seem to have ridden the economic slowdown quite well, and are expected to report a strong growth in volumes, even as firms hiked some product prices to offset high input costs.
The FMCG sector has been a stellar performer amid the overall volatility on the street this year. But will the second quarter results lead to further outperformance or will the rally pause?
KRChoksey has come out with its earning estimates on FMCG sector for the quarter ended September 2011. According to the research firm, Tata Tea September quarter net sales are expected to go up by 5% at Rs 1443 crore, year-on-year, (YoY) basis.
Tata Global Beverages (TGB) first quarter consolidated net profit surged over three-fold to Rs 161 crore as one time gains helped offset commodity cost pressure. Total operating income for April-June was up 6% to Rs 1,467 crore.
Tata Global Beverages Ltd has reported their first quarter earnings today. The company’s net profit jumped to Rs 161 crore for the quarter ended June 30, 2011.
KRChoksey has come out with its earning estimates on FMCG sector for the quarter ended June 2011. According to the research firm, Tata Tea June quarter sales are expected to go up by 5% at Rs 1443 crore, year-on-year, (YoY) basis.