FMCG Stocks Outlook: 23-27.07.2012
The Apr-Jun earnings of fast-moving consumer goods industry heavyweights Hindustan Unilever Ltd and ITC Ltd are seen dictating the trajectory of stocks of companies in this sector in the week ahead. Hindustan Unilever will declare its Apr-Jun earnings on Jul 23 and ITC will do so on Jul 26. ITC's Apr-Jun net profit rising 20% on year to 15.98 bln rupees and its net sales Rising 17% on year to 67.53 bln rupees. ITC's sales volumes in the FMCG business are seen rising by around 10%. Given the weakness in the economic environment, the volume growth guidance that both these companies stock will be keenly awaited. It is expected to send signals to investors on the growth story in the sector. Stocks of Colgate Palmolive India Ltd and Dabur India Ltd rose around 3% each, while those of Hindustan Unilever gained 1.1%. The Apr-Jun earnings of companies have gained in significance in the absence of any other big company-specific or industry-specific triggers By RUPEE DESK [email protected] www.rupeedesk.in -- You received this message because you are subscribed to the Google Groups "Kences1- Rupeedesk" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/kences1?hl=en.
