Fmcg Sector News Today

Aditya Arora of Adlytick foresees Nifty correction post-election due to market overvaluation. He says a short-term spike is possible and suggests caution and waiting for trading opportunities. Arora says: "Whatever is the top for the market, from there we see a correction of 1,000 to 4,000 points." He further recommends a Britannia buy for potential outperformance in choppy market conditions.

Britannias Varun Berry prepares for post-election commodity price surge, aiming for growth despite margin erosion. The firm focuses on market route project, service alignment, and salesforce automation to tackle regional competition and pandemic-led disruptions.

Britannia, the largest biscuit maker in India, is targeting double-digit volume growth despite potential price increases for wheat and sugar post-elections. The company is also focusing on expanding adjacent businesses and building its core biscuit portfolio. The company plans to align its service towards high-potential retail outlets, build AI-enabled predictive ordering, and upgrade salesforce automation.

The Godrej family has agreed to refrain from competing with each other for six years, except in the real estate business, after a division in the 127-

The SC has asked the Centre about the steps taken to prevent other misleading ads from the FMCG sector.

India Business News: NEW DELHI: Foreign portfolio investors (FPIs) have recently become net sellers in Indian stocks as they cumulatively sold stocks worth Rs 5,254 crore,.

Abneesh Roy foresees slight expansion and even EBITDA margin growth in Q4 . Among agri imputs, while tea has corrected, cocoa, coffee remain concerns. Most of the raw materials like crude oil, vinyl acetate monomer, copra, etc, are largely range bound. Top picks in consumer space in market include United Breweries, Tata Consumer, Godrej Consumer, Pidilite. Colgate valuation is comfortably low. HUL, ITC underweight.

Global equity markets have ended the Financial Year 2023-24 on a higher note. Major global equity benchmarks surged significantly and rose up to 44% this year.

Avi Mehta of Macquarie Group discusses the rural recovery potential based on agri incomes. The FMCG sectors growth, consumption trends, and paint sector dynamics are key points of interest for investors in India. Mehta says: "From a theme perspective, our key picks have been Asian Paints, Titan and DMart, in the sense of being a lot more focused on discretionary lens rather than the staple side given our concerns on rural recovery."

Gst In Fmcg Sector: The Central Board of Indirect Taxes and Customs (CBIC) is planning to prepare a list of products that end up in litigation due to classification issues. The fitment committee will investigate items with minor changes in composition but different tax slabs, creating confusion in tax liability, particularly in the fast-moving consumer goods (FMCG) sector.