Investors would do well to keep their expectations in check. Here, lower exposure to rural markets and decent pricing growth should help Nestle perform relatively better.
“Our FMCG pricing monitor (e-commerce) reveals that Nestle continued to take price increases on several products (especially baby food and coffee) during the quarter," said a Kotak Institutional Equities report dated 4 October. The brokerage expects Nestle’s revenue to grow by 11.5% year-on-year in the September quarter.
This compares with 15% growth seen in the previous quarter.
For HUL, muted volume along with flat pricing means year-on-year revenue growth would reduce further in Q2.
Bu hikaye Mint Mumbai dergisinin October 19, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin October 19, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Cement firms wage war on costs as competition soars
India's cement makers who once flexed their pricing muscles are caught in a bruising price war, eroding margins at a time of rising demand.
Saudi Arabia doesn’t have enough money for its futuristic city
The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed, and in recent days the world’s largest construction project replaced its chief executive of six years.
EV adoption is a marathon, not a sprint: Audi India
The slowdown in electric vehicle (EV) sales is temporary, and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies.
India's trade gap with China soars in Apr-Oct
The country's green transition increases reliance on Chinese imports
14 nations eye India's generic drug model
Countries will specify their requirements, with HLL and MEA coordinating with them for the pharma exports
India urges $1.3 tn annual climate grant
Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.
Over 600 mn cyberattacks daily, AI can secure devices
Microsoft is developing a password-free authentication process to eliminate the risk of breaches
Small businesses ramping up cybersecurity, thanks to AI
Rising AI adoption is helping cybersecurity providers hike their marketable base in India
SBI set to raise $1.25 bn, India's biggest bank loan of 2024
State Bank of India plans to borrow up to $1.25 billion, in what would be the largest dollar-denominated loan from the country's financial sector this year, said two people in the know.
Festival retail auto sales up 12%: Fada
Festive period sales from 3 Oct to 13 Nov came in at about 4.3 mn units, compared to last year's 3.8 mn units
