The Nifty FMCG index, which tracks the share prices of the country's top 15 listed FMCG companies, is up 1.9 per cent month-to-date in May compared to a 2.4 per cent decline in the benchmark Nifty 50 in the period.
In contrast, the Nifty FMCG index had declined 4.8 per cent in the first four months of 2024 calendar year against a 4 per cent rally in Nifty 50 in the period.
A reversal in the fortunes of FMCG companies is, however, yet to reflect in their financial performance.
The FMCG companies that have declared their results for JanuaryMarch 2024 (Q4FY24) continue to lag the rest of India Inc in terms of revenue and profit growth. As a result, the sector's contribution to revenue and profit declined to at least a five-year low in Q4FY24.
The 19 listed FMCG companies in the Business Standard sample accounted for just 3.2 per cent of corporate profits (adjusted for exceptional gains and losses) in Q4FY24, down from the 3.8 per cent in Q3FY24 and the pre-pandemic share of 6.3 per cent.
ãã®èšäºã¯ Business Standard ã® May 11, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã8,500 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Business Standard ã® May 11, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã8,500 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Brokerages bullish on ITC's long-term growth
Despite a subdued performance in the March quarter (Q4FY24), brokerages remain optimistic about the long-term growth prospects of ITC.
InterGlobe Aviation hit an air pocket in Q4
The civil aviation market has become more or less a duopoly with leader Indigo InterGlobe Aviation-reporting strong Ebitda growth of 45 per cent yearon-year (Y-o-Y) to â¹3,980 crore in the January-March quarter (Q4) of FY24, with PAT rising more than two times to 1,890 crore.
Vishares jump 7.5% on UBS upgrade
A'likely' relief on the government dues front for Vodafone Idea (VIL) and expectations of telecom tariff hikes could drive the share prices up by 70-80 per cent, global broking firm UBS said in a report.
Come June 24, Adani Ports to replace Wipro in Sensex
Nifty ends flat after Adani Ports and Special Economic Zone (SEZ) hitting 23,000 mark will replace Wipro in the benchmark 30-share Sensex, index tracker Asia Index said in a notification on Friday.
GQG, Qatar Investment and IHC make hefty gains on Adani bets
The resurgence in Adani group stocks over the past year has resulted in substantial gains for their investors, including US-based GQG Partners, the Qatar Investment Authority, and Abu Dhabi's International Holding Company.
Size matters when it comes to MF voting patterns
Asset managers are speaking up more than before
Chennai on front foot ahead of IPL final
Hotel, flight bookings have increased by 15%
A naturalist's discovery of India
This exploration of India's wild heritage by author, academic and naturalist Stephen Alter is not a journey through the country's few remaining wild areas.
INDIAN SPICES IN GLOBAL PICKLE
There are many regulators in the sector, but none regulates the entire supply chain from farm to market. Is the matter falling between stools?
Global minimum tax deal on multinationals may fail
US, India, China have reservations over the terms of the deal: Italy economy minister