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Source: Live Mint There is a spring in the step of Indian consumer-related companies after the budget 2025’s proposal to make income up to ₹12 lakh tax-free under the new tax regime. With more disposable income in the hands of millions of taxpayers, the expectation is that consumers would be encouraged to spend more on…
Source: Live Mint Adani Wilmar released its December quarter performance today, January 27, reporting a 104.5% jump in its consolidated net profit, reaching ₹411 crore in Q3FY25, which marks the highest quarterly PAT for the company. In the same quarter last year, the company reported a net profit of ₹201 crore, and in the preceding…
Source: Live Mint The FMCG sector faced a turbulent 2024, marked by considerable volatility. The year started on a weak note, with the sector declining by approximately 9% from January to March, as subdued rural demand and broader macroeconomic challenges weighed heavily on its performance. From mid-April to September, the index rebounded sharply, gaining around…
Source: Live Mint Indian equity markets struggled to gain traction on Monday, December 9, as significant declines in FMCG and heavyweight stocks like Reliance Industries dragged the benchmark indices lower for the second consecutive session. While banking stocks, particularly from the HDFC Bank and the IT pack, provided some support to the market, they were…
Source: Live Mint Godrej Consumer Products share price plunged 10% in early trade on Monday after the FMCG company reported weak mid-quarter business update, highlighting demand headwinds. Godrej Consumer Products shares declined as much as 10% to ₹1,112.05 apiece on the BSE. “The demand conditions in India have been subdued for the past few months…
Source: Live Mint The FMCG sector has been one of the poorest performers over the past 18 months. The return of Nifty FMCG, Nifty50, and Nifty500 indexes in the last 1 year is 10%, 20%, and 27%, respectively. This indicates that the FMCG sector underperformed the broader Nifty500 market by 63%.The sector’s performance worsened in…
Source: Live Mint Small-cap penny stock under ₹10: Sarveshwar Foods Limited, a small-cap FMCG stock trading under ₹10, saw its shares jump around 7 per cent to ₹9.7 on Wednesday, November 27 despite a weak market mood. The surge comes following a significant order win by the company’s Singapore-based subsidiary, Green Point Pte. Ltd. The…
Source: Live Mint Indian stock market extended its slide to the second consecutive day on Friday, November 08, as sharp selloff in major large-cap stocks, including Reliance Industries, ICICI Bank, State Bank of India, and Trent, weighed heavily on the frontline indices, causing them to end the session in the red. The 25-basis point rate…
Source: Live Mint Multibagger Stock: Shares of Gillette India have been on a steady upward trajectory in recent sessions following the company’s impressive financial results for the quarter ending September. Since the announcement of its Q2 results on October 28, the stock has experienced a remarkable run, finishing the subsequent seven trading sessions, including today’s,…
Source: Live Mint Indian FMCG stocks have emerged as the worst performers in October so far, primarily due to a combination of factors that have negatively impacted investor sentiment. The disappointing performance in the September quarter has raised concerns among analysts and investors as many leading FMCG companies reported results that fell below expectations, prompting…
