FMCG Stocks Outlook for the week – 15 to 19.05.2017
FMCG Stocks Outlook for the week – 15 to 19.05.2017
( www.rupeedesk.in )
Stocks of most fast moving consumer goods companies are seen rising next week on expectations of good monsoons and as remonetisation nears completion. Companies are also likely to see healthy volume growth in the near term as they focus more on wholesale trade and deeper reach in rural areas. While the goods and services tax may disrupt trade in the first half of 2017-18 (Apr-Mar), strong growth is expected in the second half. Domestic business of most companies would be driven by new product launches as well as possible price hikes before the roll out of the new indirect tax regime on Jul 1. Companies would also like to focus on foreign business in the face of uncertainty at home. We continue to like GCPL (Godrej Consumer Products) as it has presence in high-growth categories, focus on premiumisation with new innovative product launches, and cross pollination of products.
Source : Cogencis Information Services Ltd.
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FMCG Stocks Outlook for the week – 15 to 19.05.2017
( www.rupeedesk.in )
Stocks of most fast moving consumer goods companies are seen rising next week on expectations of good monsoons and as remonetisation nears completion. Companies are also likely to see healthy volume growth in the near term as they focus more on wholesale trade and deeper reach in rural areas. While the goods and services tax may disrupt trade in the first half of 2017-18 (Apr-Mar), strong growth is expected in the second half. Domestic business of most companies would be driven by new product launches as well as possible price hikes before the roll out of the new indirect tax regime on Jul 1. Companies would also like to focus on foreign business in the face of uncertainty at home. We continue to like GCPL (Godrej Consumer Products) as it has presence in high-growth categories, focus on premiumisation with new innovative product launches, and cross pollination of products.
Source : Cogencis Information Services Ltd.