Budget 2017: FMCG stocks in focus
Shital Jibhe / 01 Feb 2017
Fast-moving consumer goods (FMCG) sector is keenly waiting for the presentation of Union Budget 2017 especially post the aftermath of demonetisation impact on the sector eroding volume and margin for all the companies.
Fast-moving consumer goods (FMCG) sector is keenly waiting for the presentation of Union Budget 2017 especially post the aftermath of demonetisation impact on the sector eroding volume and margin for all the companies.
The sector is looking for revival after the slowdown in demand and is expecting clarity with respect to timing of the GST implementation and tax slabs in the upcoming budget to be tabled on Wednesday.
Rural India which make a huge market for FMCG companies have been immensely impacted, as the demand is sluggish and consumers have put off discretionary spending at this point to time.
Ahead of the Budget, all the FMCG stocks are in expectation of a budget high on substance with improved disposable income in the hands of general public.
Stocks to watch out in FMCG sector are:
Hindustan Unilever - Rs 853 (down 0.25 %)
Dabur - Rs 275.90 (down 0.15%)
Godrej Consumers Products- Rs 1585.25 (up 0.30%)
ITC - Rs 259.75 (up 0.66%)
Emami - Rs 1049 (up 1.35%)
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