Religare Broking lists 2 high conviction ideas from FMCG space; do you own any?

FMCG is one of the best-performing sectors this year on the back of improving macro conditions, recovery in demand, moderation in raw material prices, etc.

Marico shares surge over 9% as Q4 net profit jumps over 18%

Marico's shares rose during Monday's trade following the announcement of an 18.68% increase in net profit to Rs. 305 crore for Q4 FY2023. The firm has also re-appointed Saugata Gupta as its CEO for another two years.

Marico posts 20% jump in Q4 profit on rural demand, easing inflation

<ul><li>Marico's consolidated net profit stood at 3.02 billion rupees ($37 million) for the three months ended March 31, compared with 2.51 billion rupees a year earlier.</li></ul>

Anand Rathi initiates coverage on FMCG with 4 'buy' calls; explains impact of RIL's entry

On the back of a cooling inflation, strong earnings growth, steady returns over the years and expanding EBITDA, domestic brokerage house Anand Rathi has initiated coverage on the FMCG sector with 4 ‘buy’ calls and 2 ‘hold’ calls.

Interim dividend this week: Hinduja Global Solutions and Marico set record dates; check details

<ul><li>The dividend will be paid to all shareholders whose names are recorded in the company's shareholder records as of the end of the record date.</li></ul>

Sharekhan remains bullish on Marico, citing attractive valuations; Sees a 30% upside

Marico is one of India’s leading consumer products companies in the domestic hair and wellness market. The company is present in the categories of hair care, skin care, edible oils, health foods, and male grooming. In Q3FY23, Marico delivered a decent performance with low-mid single-digit revenue and PAT growth despite multiple headwinds.

FMCG Q3 sales: Urban rebound persists, rural demand lags: Report

Marico stated that the FMCG sector saw some improvement in demand during the quarter, which was more visible in specific categories buoyed by the holiday season and the upcoming winter season. “Urban and premium categories maintained their steady pace of growth,” the company said.

Marico India business posts low single-digit volume growth in second quarter of FY23

Marico India: In a quarterly update, the company said demand sentiment in India trended on similar lines as the preceding quarter during most of the second quarter, with some signs of positivity in the last month.

Marico after Q1: Brokerages remain positive, but say near-term challenge to persist

<ul><li>FMCG player Marico on August 6 reported a 4% year-on-year (YoY) rise in June quarter consolidated profit to ₹371 crore. The company had reported a profit of ₹356 crore in the corresponding quarter last year.</li></ul>

Marico Q1 net profit rises 3% to ₹377 crore

Marico had posted a net profit of ₹365 crore in the April-June period a year ago, Marico said in a BSE filing.

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Religare Broking lists 2 high conviction ideas from FMCG space; do you own any?

markets

Marico shares surge over 9% as Q4 net profit jumps over 18%

markets

Marico posts 20% jump in Q4 profit on rural demand, easing inflation

markets

Anand Rathi initiates coverage on FMCG with 4 'buy' calls; explains impact of RIL's entry