Q4 shows uneven recovery for consumer sector; checkout BofA Securities top 4 picks
The consumer sector witnessed good earnings growth in Q1 2021, but the recovery has been patchy, according to a report by BofA Securities. Unlike earlier quarters of weak performance, most discretionary segments rebounded during the period with a year-on-year median revenue growth of 15%, up from 12% in Q4. Meanwhile, steady median revenue growth of 11% was reported in the consumer staples sector, which was led by food and beverage products. On a four-year CAGR basis, revenue trends were "relatively steady" across sub-sectors, but BofA noted that there was a "K-shaped recovery&q...
Source: indiatimes.com