The Nifty FMCG index is up a per cent while the Sensex is flat over this period. The gains for the owner of Saffola and Parachute brands are on expectations that the firm will do better than other consumer peers in the second half of FY25. The sales outperformance will be on the back of improvement in both the core brands as well as its growth portfolio.
Nuvama Research is bullish on the company and expects growth to improve to double digits in H2FY25 as compared to 8 per cent growth in Q2. Abneesh Roy and Jainam Gosar of the brokerage said that the double-digit revenue growth in H2FY25 for India business would be aided by strong pricing growth in Parachute (10 per cent) and Saffola edible oils (20 per cent with the full impact in Q4FY25).
Denne historien er fra January 01, 2025-utgaven av Business Standard.
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Denne historien er fra January 01, 2025-utgaven av Business Standard.
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