scorecardresearchFMCG companies may see strong margin expansion over FY22-24, says brokerage Nirmal Bang

FMCG companies may see strong margin expansion over FY22-24, says brokerage Nirmal Bang

Updated: 09 Sep 2022, 10:42 AM IST
TL;DR.
While there are signs of correction in the prices of some key commodities from their peak levels, companies are still holding high-priced inventory, at least until 2QFY23, said Nirmal Bang.
Over FY22-24E, Nirmal Bang expects robust EBITDA margin expansion for its FMCG coverage universe.

Over FY22-24E, Nirmal Bang expects robust EBITDA margin expansion for its FMCG coverage universe.