A day ahead of its results for the quarter to June, the stock of FMCG bellwether HULNSE -0.12 % closed 2.7% lower — its lowest close so far this year.
Investors seem to be factoring in the high likelihood of a subdued performance given the overall slowdown in economic growth.
The company’s revenue growth for the quarter is estimated to be around 8-9%, aided by a volume growth of 5-6%. The slowdown in rural economy is likely to have an impact on its volume growth.
After the Q1 results, investors would want to watch out for the management commentary on the impact of delayed monsoon, rural demand, private labels in modern trade and post-budget outlook. The company is likely to be a strong performer among its peers in the sector amid slowdown in demand and heightened competition. Its latest move to launch a new detergent brand in three decades is a bid to sharpen its competitive edge on its turf, especially during slowdown.
Despite the current slowd ..
0 Comments