FMCG Q2 Results Preview - Volume Growth Improving Off A Low Base: Nirmal Bang

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Early commentaries from some FMCG players like Marico, Dabur and Godrej Consumer Products and our interactions with the management of other consumer staple companies suggest that the overall demand environment is showing signs of improvement but not as much as was anticipated earlier.Volume growth is elevated compared to previous quarters on account of stable inflation, good distribution of rainfall and uptick in rural consumption. Q2 FY25 is likely to witness slight to modest YoY gross margin expansion for several FMCG companies due to lower raw material prices, but rising ad spends, moderate realization growth vs preceding quarters mean that cumulative Ebitda margin is likely to decrease by 70bps YoY, with absolute Ebitda growing slower than revenue growth. While commodity outlook is largely benign as highlighted in our commodity cost note released recently, prices of raw materials such as Tea, Coffee and Palm oil remain elevated on a YoY basis. We are expecting our FMCG coverage universe to clock mid single digit revenue growth of 5.5% YoY..Click on the attachment to read the full report: .Banking Q2 Results Preview - Growth To See Some Slowdown Led By Moderation In Business Momentum: DRChoksey.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

FMCG Q2 Results Preview - Volume Growth Improving Off A Low Base: Nirmal Bang

The brokerage expects its fmcg coverage universe to clock mid single digit revenue growth of 5.5% YoY.

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FMCG Q2 Results Preview - Volume Growth Improving Off A Low Base: Nirmal Bang

The brokerage expects its fmcg coverage universe to clock mid single digit revenue growth of 5.5% YoY.

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